Filed with the Securities and Exchange Commission on February 15, 2024.

REGISTRATION NO. 333- ~~================================================================================~~

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549 ~~-----------------~~

FORM S-3

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933 ~~----------------- MONY~~

EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA ~~(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) -----------------~~

(Exact name of registrant as specified in its charter)

ARIZONA (STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION) 6311 (PRIMARY STANDARD INDUSTRIAL CLASSIFICATION CODE NUMBER)

(State or other jurisdiction of incorporation or organization)

86-0222062 (I.R.S. EMPLOYER IDENTIFICATION NUMBER) 1290 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10104 (212) 554-1234 (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES) ----------------- DODIE KENT VICE PRESIDENT AND ASSOCIATE GENERAL COUNSEL AXA EQUITABLE LIFE INSURANCE COMPANY 1290 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10104 (212) 554-1234 (NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE) ----------------- PLEASE SEND COPIES OF ALL COMMUNICATIONS TO: CHRISTOPHER E. PALMER, ESQ. GOODWIN PROCTER LLP 901 NEW YORK AVENUE, N.W. WASHINGTON, D.C. 20001 -----------------

(I.R.S. Employer Identification No.)

8501 IBM Drive, Suite 150, Charlotte, NC 28262-4333

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Alfred Ayensu-Ghartey

Vice President and Associate General Counsel

Equitable Financial Life Insurance Company of America

8501 IBM Drive, Suite 150, Charlotte, NC 28262-4333

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Approximate date of commencement of proposed sale to the public: As soon after the effective date of this Registration Statement as is practicable.

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ~~[_]~~ ☐

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box: ~~[X]~~ ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act Registration statement number of the earlier effective registration statement for the same offering. ~~[_]~~ ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ~~[_]~~ ☐

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the commission pursuant to Rule 462(e) under the Securities Act, check the following box. ~~[_]~~ ☐

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ~~[_]~~ ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of ~~"large~~“large accelerated filer,~~" "accelerated filer"~~” “accelerated filer” and ~~"smaller~~“smaller reporting ~~company"~~company” in Rule 12b-2 of the Exchange Act. ~~Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [X](do~~


Large accelerated filer	☐	Accelerated filer	☐

Non-accelerated filer	☒	Smaller reporting company	☐

		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not check if Smaller reporting company [ ] a smaller reporting company) ----------------- CALCULATION OF REGISTRATION FEE ========================================================================================================================= PROPOSED PROPOSED AMOUNT MAXIMUM MAXIMUM TITLE OF EACH CLASS OF TO BE OFFERING PRICE AGGREGATE AMOUNT OF SECURITIES TO BE REGISTERED REGISTERED PER UNIT OFFERING PRICE REGISTRATION FEE ------------------------------------------------------------------------------------------------------------------------- Market value Adjustment Interests under Flexible Premium Annuity Contracts...................................... $140,000,000(2) (1) $52,000,000 $5,959.20(2) =========================================================================================================================
~~~~(1)~~to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. ☐~~

The ~~securities are not issued in predetermined amounts or units. (2)Of the $144,000,000 of units of interest under annuity contracts registered under the~~Registrant hereby amends this Registration Statement ~~File No. 333-155348~~ on ~~Form S-3~~such date or dates may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until this Registration Statement shall become effective on ~~November 13, 2008, for which a filing fee of $5,659.20 was paid, $88,000,000 (for a filing fee of $10,084.80) are being carried forward~~such date as the Commission, acting pursuant to ~~Rule 415(a)(6). A payment of $5,959.20 (for $52,000,000 units of interest, referencing CIK0000835357)~~said Section 8(a), which accounts for the remainder of the registration fee, has been wired to U. S. Bank of St. Louis, MO for deposit into the Commission's account. ================================================================================ EXPLANATORY NOTE Registrant is filing this registration statement for the sole purpose of registering additional market value adjustment interests under deferred variable annuity contracts previously described in the prospectuses contained in this registration statement and in certain other prospectuses that are contained in Registrant's currently-effective Form S-3 registration statement (File No. 333-155348). Registrant includes herein the prospectuses and supplements thereto, which remain unchanged, that have been filed in that registration statement. ~~MONY~~may determine.

Equitable Financial Life Insurance Company of America SUPPLEMENT DATED SEPTEMBER 30, 2011 TO THE CURRENT PROSPECTUSES FOR MONY VARIABLE ANNUITY MONY CUSTOM MASTER THE MONYMASTER -------------------------------------------------------------------------------- Please note that effective October 15, 2011, we will no longer require that any transfer requests, singly or in

Supplement dated May 1, 2024 to the aggregate, over $250,000 in a single day be submitted in writing. CO-DISTRIBUTED BY AFFILIATES AXA ADVISORS, LLC AND AXA DISTRIBUTORS, LLC, 1290 AVENUE OF THE AMERICAS, NEW YORK, NY 10104. COPYRIGHT 2011 AXA EQUITABLE LIFE INSURANCE COMPANY. ALL RIGHTS RESERVED. MONY LIFE INSURANCE COMPANY OF AMERICA 1290 AVENUE OF THE AMERICAS NEW YORK, NY 10104 212-554-1234 3rd Quarterly Statement (10/11) x03653 MONY VA, Custom Master, MONYMaster IF ~~AXA~~current variable annuity prospectuses listed below

This Supplement provides important information regarding an assumption reinsurance transaction (the “Program”) between Equitable ~~Life Insurance Company ("AXA Equitable") MONY~~Financial Life Insurance Company of America ~~("MONY America"~~(“EFLOA”, the “Company” or “we”) SUPPLEMENT DATED AUGUST 25, 2011 TO THE CURRENT VARIABLE LIFE AND VARIABLE ANNUITY PROSPECTUSES AND SUPPLEMENTS TO THE PROSPECTUSES -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectuses and ~~statements of additional information you received and in any supplements~~Equitable Financial Life Insurance Company (“EFLIC”). Pursuant to the ~~prospectuses~~Program, certain EFLIC variable annuity contracts (each an “EFLIC Contract” and ~~statements of additional information (collectively,~~collectively, the ~~"Prospectus"~~“EFLIC Contracts”) will be exchanged for identical EFLOA variable annuity contracts (each an “EFLOA Contract” and collectively, the “EFLOA Contracts”). ~~You should~~The exchanges are subject to contract owner consent in applicable states. Please read this Supplement ~~in conjunction with the Prospectus~~carefully and retain it for future reference. ~~Unless otherwise indicated,~~

Under the Program, EFLIC and EFLOA have entered into an assumption reinsurance transaction where EFLIC will transfer its insurance obligations and risks under its contracts to EFLOA by exchanging each EFLIC Contract with an identical EFLOA Contract. EFLOA and EFLIC have received all ~~other information included~~necessary regulatory approvals for this Program. As explained in more detail below, depending on which state the EFLIC Contract was issued in, contract owners may have the option to exchange (either through an opt-in or opt-out process) the EFLIC Contract for an EFLOA Contract. The exchanges will be accomplished by issuing a Certificate of Assumption which will state that EFLOA has assumed liability for your EFLIC Contract and that all references to EFLIC in the ~~Prospectus remains unchanged.~~EFLIC Contract are changed to EFLOA. The Certificate of Assumption will further state that EFLOA has assumed all rights and duties under the express terms of your EFLIC Contract and ~~section headings we use~~that EFLIC no longer has any obligations to you. Except for the substitution of EFLOA for EFLIC as your insurer and moving from an EFLIC separate account to an EFLOA separate account, the terms of your contract will not change because of the Program. This means, the new EFLOA Contract will be identical to your EFLIC Contract except that EFLOA will be the issuer and administrator of your EFLOA Contract. There will be no charges assessed against you if your EFLIC Contract is exchanged for an EFLOA Contract including sales charges and the exchange will be made at relative net asset value. If your EFLIC Contract is exchanged for an EFLOA Contract, it will be for the same contract class and with the same optional benefits, if any. Partial exchanges are not permitted. If your EFLIC Contract is not exchanged for an EFLOA Contract, your EFLIC Contract will continue unchanged and there will be no penalty for not exchanging.

~~Depending on which state your EFLIC Contract was issued in, you may have to affirmatively consent to or have the right to opt-out of the exchange. Specifically:~~

~~In certain states, you must affirmatively consent to the exchange (“opt-in process”).~~

~~In certain states, you will be deemed to have elected the exchange if you do not exercise your right to opt out within a specified period (“opt-out process”).~~

~~In certain states, your EFLIC Contract will be exchanged for an EFLOA Contract automatically without any action by you (“automatic process”).~~

Please note, in a majority of states, you will not be required to take any additional steps or provide affirmative consent before your EFLIC Contract is exchanged for an EFLOA Contract.

~~In connection with the Program, in addition to this Supplement you are also receiving:~~

~~instructions describing what steps or consent are needed before your EFLIC Contract is exchanged for an EFLOA Contract; and~~

~~an EFLOA Contract prospectus(es).~~

The letter with instructions advising what “process” applies (i.e., whether you are in an opt-in process state, opt-out process state or automatic process state), will also contain any timelines or deadlines that are applicable. Please note, exchanges under the Program may continue to occur for several years. We reserve the right to extend or terminate the Program without notice.

~~Important Considerations~~

~~If your EFLIC Contract is exchanged for an EFLOA Contract:~~

~~Your EFLIC Contract will terminate and EFLIC will have no further obligation to you for the benefits under your EFLIC Contract.~~

You will receive a Certificate of Assumption that will endorse your EFLIC Contract and convert it into your new EFLOA Contract. EFLOA will be solely responsible to you for the benefits under your EFLOA Contract.


		(#903408)

~~The Account Value in your EFLIC Contract will be transferred to your EFLOA Contract without any change in value and there will be no interruption to your investments because of the exchange.~~

At the time of the exchange, the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Prospectus. Certain variable investment options ~~may not~~available under your EFLIC Contract will be available ~~in all contracts~~for investment under your EFLOA Contract. Any investment restrictions applicable under your EFLIC Contract will continue to apply under your EFLOA Contract.

Your death benefit and ~~policies. Please note~~any optional benefit(s) under your EFLOA Contract immediately after the following changes described below. A. CHANGES TO PORTFOLIOS OF AXA PREMIER VIP TRUST AND EQ ADVISORS TRUST (AS APPLICABLE TO YOUR AXA EQUITABLE AND MONY AMERICA CONTRACT OR POLICY) PORTFOLIO SUB-ADVISER CHANGES 1. Effective on or about September 1, 2011, Earnest Partners, LLCexchange will ~~replace Alliance Bernstein L.P.~~be the same as ~~a Sub-Adviser to~~your death benefit and any optional benefit(s) under your EFLIC Contract immediately before the ~~Multimanager International Equity Portfolio. AXA Equitable Funds Management Group, LLC~~exchange and will continue to be ~~its Investment Manager. 2. Effective on or about August 1, 2011, Bridgeway Capital Management, Inc.~~calculated in the same way.

You will ~~no longer serve as~~receive credit for the time your contributions were invested in your EFLIC Contract for purposes of determining whether a ~~Sub-Adviser to the EQ/Calvert Socially Responsible Portfolio. Calvert Investment Management Inc.~~withdrawal charge, if applicable, applies under your EFLOA Contract.

We will ~~continue to be its Sub-Adviser and AXA Equitable Funds Management Group, LLC will continue to be its Investment Manager. For more information about these Portfolios, see "Portfolios~~not assess any charges against you because of the ~~Trusts" in~~exchange.

~~Tax Matters~~

There should be no adverse tax consequences to contract owners because of the Prospectus. B. CHANGE TO THE HIGHEST PERCENTAGE OF THE TOTAL ANNUAL PORTFOLIO EXPENSES (AS APPLICABLE TO YOUR AXA EQUITABLE POLICY OR YOUR MONY AMERICA INCENTIVE LIFE LEGACY AND INCENTIVE LIFE LEGACY II POLICIES) See "Portfolio operating expenses expressed asProgram between EFLIC and EFLOA or the exchange of an ~~annual percentage of daily net assets," in "Risk/benefit summary: Charges and expenses~~EFLIC Contract for an EFLOA Contract. Notwithstanding, we recommend that you ~~will pay." The highest total annual portfolio operating expense for~~consult your tax advisor.

~~More Information~~

If you have any questions regarding the Templeton Developing Markets Securities Portfolio has been reduced from 1.76% to 1.62%. DISTRIBUTED BY AFFILIATE AXA ADVISORS, LLC, AND FOR CERTAIN CONTRACTS CO-DISTRIBUTED BY AFFILIATE AXA DISTRIBUTORS, LLC, 1290 AVENUE OF THE AMERICAS, NEW YORK, NY 10104. COPYRIGHT 2011 AXA EQUITABLE LIFE INSURANCE COMPANY. COPYRIGHT 2011 MONY LIFE INSURANCE COMPANY OF AMERICA. ALL RIGHTS RESERVED. AXA EQUITABLE LIFE INSURANCE COMPANY MONY LIFE INSURANCE COMPANY OF AMERICA 1290 AVENUE OF THE AMERICAS NEW YORK, NY 10104 212-554-1234 IM-24-08 (8/11) Cat.# 147316 (8/11) NB/IF (SAR) x03632 ~~AXA~~ Program, please contact your financial representative or call the customer service center at 855-433-4015. Written inquiries may be mailed to:

~~Equitable Financial Life Insurance Company ~~MONY~~~~

~~8501 IBM Drive, Suite 150~~

~~Charlotte, NC 28262-4333~~

~~Variable Annuity List~~


Structured Capital Strategies^®		Retirement Cornerstone^® Series
Structured Capital Strategies^® 16		Retirement Cornerstone^® Series 12.0
Structured Capital Strategies^® Income		Retirement Cornerstone^® Series 13.0
Structured Capital Strategies^® PLUS		Retirement Cornerstone^® Series 15.0
Structured Capital Strategies PLUS^® 21		Retirement Cornerstone^® Series 15A
Structured Capital Strategies^® PLUS Guard^SM		Retirement Cornerstone^® Series 15B
Structured Investment Option for Investment Edge^® 21.0		Retirement Cornerstone^® Series 17
Investment Edge^® 15.0		Retirement Cornerstone^® Series 17 Series E
Investment Edge^® 21.0		Retirement Cornerstone^® Series 19
EQUI-VEST^® Employer-Sponsored Retirement Plans		Retirement Cornerstone^® Series 19 Series E
EQUI-VEST^® (Series 100-500)		EQUI-VEST^® (Series 201)
EQUI-VEST^® Express^SM (Series 700)		EQUI-VEST^® Express^SM (Series 701)
EQUI-VEST^® (Series 800)		EQUI-VEST^® (Series 801)
EQUI-VEST^® Strategies (Series 900)		EQUI-VEST^® Strategies (Series 901)
EQUI-VEST^® GWBL Rollover Annuity		Variable Immediate Annuity
Structured Investment Option for EQUI-VEST Contracts		Fixed Maturity Options Available Under Certain Active EQUI-VEST^® Contracts

~~Structured Investment Option~~

Available Under EQUI-VEST^® (Series 201), EQUI-VEST^® Strategies (Series 900), EQUI-VEST^® Strategies (Series 901), EQUI-VEST^® Vantage^SM (NJACTS only), EQUI-VEST^® Employer-Sponsored Retirement Plans ((Series 100) (TSA and EDC contracts only)) and EQUI-VEST^® Employer-Sponsored Retirement Plans ((Series 200) (TSA and EDC contracts only)) Variable Annuity Contracts Issued by Equitable Financial Life Insurance Company of America SUPPLEMENT DATED JUNE 30, 2011 TO THE CURRENT VARIABLE ANNUITY PROSPECTUSES AND SUPPLEMENTS TO THE PROSPECTUSES -------------------------------------------------------------------------------- This Supplement updates certain information in the most recent prospectuses and statements of additional information you received and in any supplements to the prospectuses and statements of additional information (collectively, the "Prospectus"). You should read this Supplement in conjunction with the Prospectus and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectus remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectus. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in the Prospectus. The purpose of this Supplement is to provide you with information regarding certain changes to the Prospectus for contracts issued in Illinois. Please note the following changes described below. NOTICE TO ALL ILLINOIS CONTRACT OWNERS Illinois law provides that a spouse in a civil union and a spouse in a marriage are to be treated identically. For purposes of your contract, when we use the term "married", we include "parties to a civil union" and when we use the word "spouse" we include "parties to a civil union". While civil union spouses are afforded the same rights as married spouses under Illinois law, tax-related advantages such as spousal continuation are derived from federal tax law. Illinois' Civil Union Law does not and cannot alter federal law. The federal Defense of Marriage Act excludes civil unions and civil union partners from the meaning of the word "marriage" or "spouse" in all federal laws. Therefore, a civil union spouse does not qualify for the same tax advantages provided to a married spouse under federal law, including the tax benefits afforded to the surviving spouse of an owner of an annuity. DISTRIBUTED BY AFFILIATE AXA ADVISORS, LLC, AND FOR CERTAIN CONTRACTS CO-DISTRIBUTED BY AFFILIATE AXA DISTRIBUTORS, LLC, 1290 AVENUE OF THE AMERICAS, NEW YORK, NY 10104. COPYRIGHT 2011 AXA EQUITABLE LIFE INSURANCE COMPANY. COPYRIGHT 2010 MONY AMERICA LIFE INSURANCE COMPANY. ALL RIGHTS RESERVED. AXA EQUITABLE LIFE INSURANCE COMPANY MONY LIFE INSURANCE COMPANY OF AMERICA 1290 AVENUE OF THE AMERICAS NEW YORK, NY 10104 212-554-1234 IM-21-06 (6/11) Cat. #147300 (6/11) NB/IF (SAR) x03599 ~~Individual Flexible Payment Variable Annuity Contract Issued by MONY~~Equitable Life Insurance Company ~~of America with variable investment options under MONY America's MONY America Variable Account A. PROSPECTUS DATED MAY~~

~~Prospectus dated May 1, ~~2011~~ 2024~~

Please read and keep this ~~prospectus~~Prospectus for future reference. It contains important information that you should know before purchasing or taking any other action under your ~~Contract.~~EQUI-VEST^® variable annuity contract. Also, ~~you should~~this Prospectus must be read along with the ~~prospectuses for each Trust, which contain important~~appropriate EQUI-VEST^® variable annuity contract prospectus. This Prospectus is in addition to the appropriate EQUI-VEST^® variable annuity contract prospectus and all information ~~about their portfolios. -------------------------------------------------------------------------------- MONY~~in the appropriate EQUI-VEST^® variable annuity contract prospectus continues to apply unless addressed by this Prospectus.

~~What is the Structured Investment Option?~~

The Structured Investment Option is an investment option available under EQUI-VEST^® (Series 201), EQUI-VEST^® Strategies (Series 900), EQUI-VEST^® Strategies (Series 901), EQUI-VEST^® Vantage^SM, EQUI-VEST^® Employer-Sponsored Retirement Plans ((Series 100) (TSA and EDC contracts only)) and EQUI-VEST^® Employer-Sponsored Retirement Plans ((Series 200) (TSA and EDC contracts only)) variable deferred annuity contracts issued by Equitable Financial Life Insurance Companyof America and Equitable Life Insurance Company(the ~~"Company"~~“Company”, “we”, “our” and “us”) ~~issues the flexible payment variable annuity contract described~~. See “Definition of key terms” later in this ~~prospectus. This prospectus is~~Prospectus for a ~~disclosure document and describes all~~more detailed explanation of the Contract's material features, benefits, rights and obligations, as well as other information. The description of the Contract's material provisions in this prospectus is current as of the date of this prospectus. If certain material provisions under the Contract are changed after the date of this prospectus in accordanceterms associated with the ~~Contract, those changes will~~Structured Investment Option. When we use the word “contract” it also includes certificates that are issued under group contracts in some states for EQUI-VEST^® Series 201 and EQUI-VEST^® Employer-Sponsored Retirement Plans ((Series 100 and Series 200) (TSA and EDC contracts only)), and certificates issued to participants under EQUI-VEST^® Strategies Series 900 and 901 contracts. Unless otherwise indicated, when we use EQUI-VEST^®, it also includes EQUI-VEST^® Strategies Series 900 and 901 and EQUI-VEST^® Employer-Sponsored Retirement Plans ((Series 100 and Series 200) (TSA and EDC contracts only)). The Structured Investment Option may not currently be ~~described~~available in ~~a supplement~~all contracts or states. Not all Segment Types are available in all contracts.

The Structured Investment Option permits you to ~~this prospectus. You should carefully read this prospectus~~invest in ~~conjunction with any applicable supplements. This Contract is no longer being sold. This prospectus is used with current contract owners only. We will continue~~one or more Segments, each of which provides performance tied to ~~accept Purchase Payments under existing Contracts. You should note that your Contract features and charges, and your investment options, may vary depending on your state and/or~~ the date on which you purchased your Contract. For more information about the particular features, charges and options applicable to you, please contact your financial professional and/or refer to your Contract. You can tell us what to do with your Purchase Payments. You can also tell us what to do with the fund value your Contract may create for you resulting from those Purchase Payments. You may allocate some or all of your Purchase Payments into the subaccounts. Each subaccount is a subaccount of separate account MONY America Variable Account A. Both the value of your Contract before the date annuity payments begin and the amount of income afterward will depend on the investment performance of the ~~portfolios~~S&P 500 Price Return Index, the Russell 2000^® Price Return Index and the MSCI EAFE Price Return Index, for set periods of one, three or five years. We may offer Segments with different durations and different indices in the future. The Structured Investment Option does not involve an investment in any underlying portfolio. Instead, it is an obligation of the Company. Unlike an index fund, the Structured Investment Option provides a return at maturity designed to provide protection against certain decreases in the Index in exchange for a limitation on participation in certain increases in the Index through the use of Performance Cap Rates. Our minimum Performance Cap Rates for 1, 3, and 5-year Segments are 4%, 12%, and 20%, respectively. Wewill not open a Segment with a Performance Cap Rate below the applicable minimum Performance Cap Rate. The extent of the downside protection at maturity is the first 10% or 20% of loss depending

on the Segment Buffer applicable to that Segment. All guarantees are subject to the Company’s claims paying ability. There is a risk of a substantial loss of your principalbecause you ~~select. You bear~~agree to absorb all losses to the extentthey exceed the protection provided by theStructuredInvestment Option at maturity. If you would like a guarantee of principal, we offer other investment options that provide such guarantees.

The total amount earned on an investment in a Segment of the Structured Investment Option is only applied at maturity. On any date prior to maturity, we calculate the interim value of the Segment as described in “Appendix I — Segment Interim Value”. This amount may be less than the amount invested and may be less than the amount you would receive had you held the investment ~~risk of investing~~until maturity. The Segment Interim Value will generally be negatively affected by increases in the ~~portfolios. The subaccounts invest~~expected volatility of index prices, interest rate increases, and by poor market performance. All other factors being equal, the Segment Interim Value would be lower the earlier a withdrawal or surrender is made during a Segment. Also, participation in ~~shares~~upside performance for early withdrawals is pro-rated based on the period those amounts were invested in a Segment. This means you participate to a lesser extent in upside performance the earlier you take a withdrawal.

We reserve the right to discontinue the acceptance of, the following portfolios of AIM Variable Insurance Funds, AXA Premier VIP Trust, EQ Advisors Trust, Franklin Templeton Variable Insurance Products Trust, Janus Aspen Series, MFS(R) Variable Insurance Trust(SM), Oppenheimer Variable Account Funds, PIMCO Variable Insurance Trust and ProFunds VP (the "Funds").
~~-------------------------------------------------------------------------------- SUBACCOUNTS --------------------------------------------------------------------------------~~ o All Asset Allocation o EQ/Morgan Stanley Mid Cap Growth o AXA Aggressive Allocation(1) o EQ/PIMCO Ultra Short Bond o AXA Conservative Allocation(1) o EQ/Small Company Index o AXA Conservative-Plus Allocation(1) o EQ/UBS Growth and Income o AXA Moderate Allocation(1) o Franklin Income Securities o AXA Moderate-Plus Allocation(1) o Franklin Rising Dividends Securities o EQ/AllianceBernstein Small Cap o Invesco Van Kampen V.I. Global Value Growth Equity o EQ/BlackRock Basic Value Equity o Invesco V.I. Dividend Growth(4) o EQ/Boston Advisors Equity Income o Invesco V.I. Global Health Care o EQ/Calvert Socially Responsible o Invesco V.I. Technology Fund o EQ/Capital Guardian Research o Janus Aspen Forty o EQ/Core Bond Index o Janus Aspen Overseas o EQ/GAMCO Mergers and Acquisitions o MFS(R) Utilities Series o EQ/GAMCO Small Company Value o Multimanager Multi-Sector Bond o EQ/Global Multi-Sector Equity o Multimanager Small Cap Growth o EQ/Intermediate Government Bond o Oppenheimer Global Securities Index Fund/VA o EQ/Large Cap Value Index(2) o PIMCO VIT Global Bond (Unhedged) o EQ/Large Cap Value PLUS o ProFund VP Bear o EQ/Lord Abbett Growth and Income (3) o ProFund VP Rising Rates Opportunity o EQ/Mid Cap Index o ProFund VP UltraBull o EQ/Mid Cap Value PLUS o EQ/Money Market o EQ/Montag & Caldwell Growth --------------------------------------------------------------------------------
~~NOT ALL OF THESE PORTFOLIOS MAY BE AVAILABLE IN ALL STATES OR ALL MARKETS. (1) The "AXA Allocation" portfolios. (2) This subaccount will become available~~and/or place additional limitations on, contributions and/or about May 20, 2011. Please see "the Funds" later in this prospectus for more information about this subaccount. (3) Please see "The Funds" later in this prospectus regarding the proposed merger of this variable investment option on or about May 20, 2011. (4) This variable investment option has been added to the contract as a result of a merger. Please see "the Funds" later in this prospectus for more information about this subaccount. You may also allocate some or all of your Purchase Payments and fund valuestransfers into our Guaranteed Interest Account with Market Value Adjustment, which is discussed later in this prospectus. Among the many terms of the Guaranteed Interest Account with Market Value Adjustment are: o Guaranteed interest to be credited for specific periods (referred to as "Accumulation Periods"). o Three (3), five (5), seven (7), and ten (10) year Accumulation Periods are available. The one (1) year Accumulation Period is limited to the following states: Maryland, the Commonwealth of Massachusetts, New Jersey, Oklahoma, Oregon, the Commonwealth of Pennsylvania, South Carolina, Texas and Washington. THE SEC HAS NOT APPROVED OR DISAPPROVED THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THE CONTRACTS ARE NOT INSURED BY THE FDIC OR ANY OTHER AGENCY. THEY ARE NOT DEPOSITS OR OTHER OBLIGATIONS OF ANY BANK AND ARE NOT BANK GUARANTEED. THEY ARE SUBJECT TO INVESTMENT RISKS AND POSSIBLE LOSS OF PRINCIPAL. e13454/MLA-VA o Interest will be credited for the entire Accumulation Period on a daily basis. Different rates apply to each Accumulation Period and are determined by the Company from time to time at its sole discretion. o A market value adjustment may be charged if partany or all of the ~~Guaranteed Interest Account with Market Value Adjustment is surrendered or transferred before~~Segments comprising the ~~end of~~Structured Investment Option. If we exercise this right, your ability to invest in your EQUI-VEST^® contract, increase your account value and, consequently, increase your death benefit will be limited. However, subject to any limitations under your EQUI-VEST^® contract, you could continue to invest in your contract through the ~~Accumulation Period. o Contract owners should carefully consider the information contained in~~other available investment options.

The terms on this prospectus before allocating Purchase Payments or Fund Values to the Guaranteed Interest Account with Market Value Adjustment offered herein. -------------------------------------------------------------------------------- Thesepage are only some of the terms ofassociated with the ~~Guaranteed Interest Account with Market Value Adjustment.~~Structured Investment Option. Please read this ~~prospectus carefully~~Prospectus for more ~~complete~~ details ~~of the contract. -------------------------------------------------------------------------------- A Statement of Additional Information dated May 1, 2011 containing additional information~~ about the Structured Investment Option. Also, this Prospectus must be read along with your EQUI-VEST^®contract ~~is incorporated herein by reference. It has been filed~~prospectus, as well as your contract and contract rider for this option. Please refer to Definitions of key terms section of this prospectus that discusses these and other terms associated with the ~~Securities~~Structured Investment Option. Please refer to page 10 of this Prospectus for a discussion of risk factors.

The SEC has not approved or disapproved these securities or determined if this Prospectus is accurate or complete. Any representation to the contrary is a criminal offense. The contracts are not insured by the FDIC or any other agency. They are not deposits or other obligations of any bank and ~~Exchange Commission~~are not bank guaranteed. They are subject to investment risks and possible loss of principal.

~~Contents of this Prospectus~~

When we address the reader of this Prospectus with words such as “you” and “your,” we mean the person who has the right or responsibility that the Prospectus is ~~available from~~discussing at that point. This is usually the contract owner or participant.

~~The Company ~~without charge upon written request. You may request one by writing to our processing~~~~

Equitable America is an Arizona stock life insurance corporation organized in 1969 with an administrative office located at ~~MONY Life Insurance Company of America, Policyholder Services, 100 Madison Street, Syracuse,~~8501 IBM Drive, Suite 150-GR, Charlotte, NC 28262-4333. Equitable Financial is a New York ~~13202, by telephoning 1-800-487-6669 or by accessing the SEC's website~~stock life insurance corporation doing business since 1859 with its home office located at ~~www.sec.gov. The Table of Contents~~1345 Avenue of the ~~Statement~~Americas, New York, NY 10105. We are indirect wholly owned subsidiaries of ~~Additional Information can be found on~~Equitable Holdings, Inc.

We are licensed to sell life insurance and annuities in all 50 states (except Equitable America is not licensed in the ~~last page~~state of ~~this prospectus. Contents~~New York), the District of this Prospectus -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. SUMMARY OF THE CONTRACT 4 -------------------------------------------------------------------------------- Definitions 4 Purpose ofColumbia, Puerto Rico and the Contract 4 Purchase Payments and fund value 4 Minimum Purchase Payments 4 MONY America Variable Account A 4 Guaranteed Interest Account with Market Value Adjustment 4U.S. Virgin Islands. No other company has any legal responsibility to pay amounts that the Company owes under the contracts. The Accumulation Periods 5 Crediting of interest 5 The Market Value Adjustment 5 Benefit option packages 6 Transfer of fund value 8 Loans 8 Surrenders 8 Charges and deductions 8 RightCompany is solely responsible for paying all amounts owed to return contract provision 8 Death benefit 8 Fee tables 9 Example 10 Other contracts 11 Condensed financial information 11 -------------------------------------------------------------------------------- 2. WHO IS MONY LIFE INSURANCE COMPANY OF AMERICA? 12 -------------------------------------------------------------------------------- MONY Life Insurance Company of America 12 you under the contract.

How to reach us 12 MONY America Variable Account A 12 -------------------------------------------------------------------------------- 3. THE FUNDS 14 -------------------------------------------------------------------------------- Purchase of portfolio shares by MONY America Variable Account A 19 -------------------------------------------------------------------------------- 4. DETAILED INFORMATION ABOUT THE CONTRACT 20 -------------------------------------------------------------------------------- Payment and allocation of Purchase Payments 20 Telephone/fax/web transactions 23 Disruptive transfer activity 24 Termination

Please refer to the “How to reach us” section of the Contract 25 CONTENTS OF THIS PROSPECTUS 2 -------------------------------------------------------------------------------- 5. DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT 26 -------------------------------------------------------------------------------- General 26 Guaranteed Interest Account with Market Value Adjustment 26 Allocations toappropriate variable annuity contract prospectus for more information regarding contacting us and communicating your instructions. We also have specific forms that we recommend you use for electing the ~~Guaranteed Interest Account with Market Value Adjustment 26 Specified interest rates~~Structured Investment Option and the accumulation periods 26 Surrenders, transfers or loans 28 The Market Value Adjustment 28 Investments 29 -------------------------------------------------------------------------------- 6. SURRENDERS 30 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 7. LOANS 31 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 8. DEATH BENEFIT 32 -------------------------------------------------------------------------------- Death benefit provided by the Contract 32 Earnings increase death benefit 33 Election and effective dateany Structured Investment Option transactions.

~~Reports we provide:~~

~~Written confirmation of ~~election 34 Payment~~financial transactions such as when money is transferred into a Segment from a Segment Holding Account.~~

Written confirmation of death benefit proceeds 34 -------------------------------------------------------------------------------- 9. CHARGES AND DEDUCTIONS 35 -------------------------------------------------------------------------------- Deductions from Purchase Payments 36 Charges against Fund Value 36 Deductions from Fund Value 36 -------------------------------------------------------------------------------- 10. ANNUITY PROVISIONS 39 -------------------------------------------------------------------------------- Annuity payments 39 Guaranteed minimum annuity payments 39 Election and change of settlement option 39 Settlement options 40 Frequency of annuity payments 40 Additional provisions 40 -------------------------------------------------------------------------------- 11. OTHER PROVISIONS 42 -------------------------------------------------------------------------------- Ownership 42 Provision required by Section 72(s) of the Code 42 Provision required by Section 401(a)(9) of the Code 42 Secondary annuitant 42 Assignment 43 Change of beneficiary 43 Substitution of securities 43 Changes to Contracts 43 Change in operation of MONY America Variable Account A 43 -------------------------------------------------------------------------------- 12. VOTING RIGHTS 44 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 13. DISTRIBUTION OF THE CONTRACTS 45 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 14. FEDERAL TAX STATUS 47 -------------------------------------------------------------------------------- Introduction 47 Taxation of annuities in general 47 Retirement plans 47 Tax treatment of the Company 48 -------------------------------------------------------------------------------- 15. ADDITIONAL INFORMATION AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 49 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 16. LEGAL PROCEEDINGS 50 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 17. FINANCIAL STATEMENTS 51 -------------------------------------------------------------------------------- About the general account 51 -------------------------------------------------------------------------------- APPENDICES -------------------------------------------------------------------------------- I -- Benefit option packages, table of fees, I-1 examples and charges and deductions for contracts issued in the State of Washington II -- Condensed financial information II-1 -------------------------------------------------------------------------------- STATEMENT OF ADDITIONAL INFORMATION TABLE OF CONTENTS -------------------------------------------------------------------------------- 3 CONTENTS OF THIS PROSPECTUS 1. SUMMARY OF THE CONTRACT -------------------------------------------------------------------------------- This summary provides you with a brief overview of the more important aspects of your Contract, including the Guaranteed Interest Account with Market Value Adjustment. Itcertain non-financial transactions such as when money is not ~~intended to be complete. More detailed information~~transferred from a Segment Holding Account into a Segment on a Segment Start Date because the declared cap is ~~contained in this prospectus on~~less than the ~~pages following this summary~~Performance Cap Threshold, if any; or because Segment maturity occurs after the contract maturity date; a Segment matures; when you change a Performance Cap Threshold; or when you change your current maturity instructions.

Telephone operated program support (“TOPS”) and in your Contract. This summary and the entire prospectus will describe the part of the Contract involving MONY America Variable Account A. The prospectus also briefly will describe the Guaranteed Interest Account with Market Value Adjustment and the portfolios offered by AIM Variable Insurance Funds, AXA Premier VIP Trust, EQ Advisors Trust, Franklin Templeton Variable Insurance Products Trust, Janus Aspen Series, MFS(R) Variable Insurance Trust(SM), Oppenheimer Variable Account Funds, PIMCO Variable Insurance Trust and ProFunds VP. See applicable fund prospectuses for more detailed information about the portfolios offered by the Funds. DEFINITIONS -------------------------------------------------------------------------------- Specialized terms will be defined on the page where they first appear enclosed in a box. -------------------------------------------------------------------------------- PURPOSE OF THE CONTRACT The Contract is an Individual Flexible Payment Variable Annuity Contract (the "Contract" or "Contracts"). The Contract is no longer being sold. We will continue to accept Purchase Payments under existing Contracts. The Contract is designed to allow an owner to make Purchase Payments to the Company under the Contract. Those Purchase Payments are allocated at the owner's choice among the subaccounts of MONY America Variable Account A and the Guaranteed Interest Account with Market Value Adjustment. Those Purchase Payments can accumulate for a period of time and create fund value for the owner. The owner can choose the length of time that such Purchase Payments may accumulate. The owner may choose at some point in the future to receive annuity benefits based upon that accumulated fund value. An owner uses the Contract's design to accumulate fund value for various purposes including retirement or to supplement other retirement programs. Some of these retirement programs (the "Qualified Plans") may qualify for federal income tax advantages available under certain sections of the Internal Revenue Code (the "Code"). Sections 401,403 (other than Section 403(b)), 408, 408A and 457, for example. -------------------------------------------------------------------------------- QUALIFIED PLANS -- Retirement plans that may receive favorable tax treatment under certain Sections of the Code. QUALIFIED CONTRACTS -- Contracts issued under Qualified Plans. NON-QUALIFIED CONTRACTS -- Contracts not issued under Qualified Plans. -------------------------------------------------------------------------------- The Contract is also designed to allow the owner to request payments of part or all of the accumulated fund values before the owner begins to receive annuity benefits. This payment may result in the imposition of a surrender charge and a market value adjustment. The market value adjustment will not apply to Contracts issued in certain states. These payments also may be subject to a contract charge and/or income or other taxes. PURCHASE PAYMENTS AND FUND VALUE You may allocate your Purchase Payments to one or more of the subaccounts of MONY America Variable Account A that are available under the Contract and/or to the Guaranteed Interest Account with Market Value Adjustment. The Purchase Payments you allocate among the various subaccounts of MONY America Variable Account A may increase or decrease in value on any day depending on the investment experience of the subaccounts you select. There is no guarantee that the value of the Purchase Payments you allocate to any of the subaccounts of MONY America Variable Account A will increase or that the Purchase Payments you make will not lose value. MINIMUM PURCHASE PAYMENTS The minimum Purchase Payment for individuals varies depending upon the purchaser of the Contract, the method of paying the Purchase Payments and the benefit option package selected. (See "Payment and allocation of Purchase Payments.") Additional Purchase Payments may be made at any time. MONY AMERICA VARIABLE ACCOUNT A MONY America Variable Account A is a separate investment account of MONY Life Insurance Company of America (the "Company"). MONY America Variable Account A's assets are owned by the Company, but are not chargeable with liabilities arising from any other business the Company conducts. The subaccounts of MONY America Variable Account A invest in shares of the Funds at their net asset value. (See "The Funds"). Owners bear the entire investment risk for all amounts allocated to MONY America Variable Account A subaccounts. -------------------------------------------------------------------------------- FUND -- Any open-end management investment company or unit investment trust in which a subaccount invests. OWNER -- The person so designated in the application to whom all rights, benefits, options and privileges apply while the Annuitant is living. If a Contract has been absolutely assigned, the assignee becomes the Owner. PURCHASE PAYMENT -- An amount paid to the Company by the Owner or on the Owner's behalf as consideration for the benefits provided by the Contract. NET PURCHASE PAYMENT -- Purchase Payment less any applicable tax charge. -------------------------------------------------------------------------------- GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT The Guaranteed Interest Account with Market Value Adjustment is part of the Company's general account ("General Account"). It consists of all the Company's assets other than assets allocated to separate investment accounts of the Company. Net Purchase Payments allocated to the Guaranteed Interest Account with Market Value Adjustment will be credited with interest at rates guaranteed by the Company for specified periods. (See "Description of the Guaranteed Interest Account with Market Value Adjustment".) The Guaranteed Interest Account with Market Value AdjustmentEquitable Client portal systems:

Equitable Client portal is designed to provide you with ~~an opportunity to receive a guaranteed SUMMARY OF THE CONTRACT 4 fixed rate of interest. You can choose~~information through the ~~period of time over which the guaranteed fixed rate of interest will be paid. That period of time~~Internet. TOPS is ~~known as the Accumulation Period. The Guaranteed Interest Account with Market Value Adjustment is also~~ designed to provide you with up-to-date information via touch-tone telephone.

~~On Equitable Client portal you can obtain information on:~~

~~the ~~opportunity to~~ number of units you have in the Segment Holding Account;~~

~~the daily unit values for the Segment Holding Account; and~~

~~your Segment Interim Value.~~

~~You can also:~~

~~transfer ~~part or all~~into and out of the ~~Guaranteed Interest Account with Market Value Adjustment~~Segment Holding Account;~~

~~update your contribution allocations to the ~~Subaccounts available to you under~~Segment Holding Account;~~

~~obtain information on your Performance Cap Threshold;~~

~~elect or change your Performance Cap Threshold;~~

~~obtain information on your instructions on file for allocating the ~~Contract. It~~Segment Maturity Value on the Segment Maturity Date; and~~

~~elect or change your Segment Maturity elections.~~

~~TOPS is ~~also~~ designed to provide you with up-to-date information via touch-tone telephone.~~

~~On TOPS you will be able to:~~

~~obtain information on the ~~opportunity to surrender part~~number of units you have in the Segment Holding Account;~~

~~obtain information on the daily unit values for the Segment Holding Account;~~

~~obtain information on your Segment Interim Value;~~

~~obtain information on your Performance Cap Threshold;~~

~~elect or ~~all~~change your Performance Cap Threshold;~~

~~transfer into or out of the ~~Guaranteed Interest Account with Market Value Adjustment before~~Segment Holding Account; and~~

~~update contribution allocations to the ~~end~~Segment Holding Account.~~

~~We reserve the right to discontinue offering TOPS at any time in the future.~~

~~We generally require that the following types of communications be on specific forms we provide for that purpose:~~

(1)	transfers into or out of the Segment Holding Account;

(2)	authorization for transfers, including transfers of your Segment Maturity Value on a Segment Maturity Date, by your financial professional;

(3)	establishing and changing a Performance Cap Threshold; and

(4)	providing instructions for allocating the Segment Maturity Value on the Segment Maturity Date.

~~We also have specific forms that we recommend you use for the following types of requests:~~

To cancel or change any of the ~~Accumulation Period. If~~following, we recommend that you ~~ask us to transfer or surrender part or all of~~provide the Guaranteed Interest Account, we may apply a market value adjustment ("MVA"). This adjustment may be positive, negative, or zero. You may allocate all or part of your Purchase Payments to the Guaranteed Interest Account with Market Value Adjustment. THE ACCUMULATION PERIODS There are 4 different Accumulation Periods currently available: a 3-year Accumulation Period, a 5-year Accumulation Period, a 7-year Accumulation Period, and a 10-year Accumulation Period. Certain states limit contracts to a 1-year Accumulation Period. You may allocate initial or additional Purchase Payments made under the Contract to one or more Accumulation Periods. You may also ask us to transfer Fund Values from the Subaccounts available under the Contract to one or more of the Accumulation Periods subject to any applicable MVA. There is no minimum amount required for allocation or transfer to an Accumulation Period. (See "Allocations to the Guaranteed Interest Account with Market Value Adjustment.") Each Accumulation Period starts on the Business Day that falls on, or next follows, the date on which allocations are made and Purchase Payments are received or Fund Values are transferred. Each Accumulation Period ends on the Monthly Contract Anniversary immediately prior to the 3, 5, 7 or 10 year anniversary of the start of the Accumulation Period (the "Maturity Date"). This means that the Accumulation Period for a 3, 5, 7 or 10 year Accumulation Period may be up to 31 days shorter than 3, 5, 7 or 10 years, respectively. (See "Specified interest rates and the accumulation periods.") CREDITING OF INTEREST The Company will credit amounts allocated to an Accumulation Period with interestwritten notification at an annual rate not less than 3.50%. This interest rate is referred to as the Specified Interest Rate. It will be credited for the duration of the Accumulation Period. Specified Interest Rates for each Accumulation Period are declared periodically at the sole discretion of the Company. (See "Specified interest rates and the accumulation periods.") At least 15 days and at most 45 days prior to the Maturity Date of an Accumulation Period, Owners having Fund Values allocated to such Accumulation Periods will be notified of the impending Maturity Date. Owners will then have the option of directing the surrender or transfer (including transfers for the purpose of obtaining a Loan) of the Fund Value within 30seven calendar days before the ~~end~~next scheduled transaction:

(1)	instructions on file for allocating the Segment Maturity Value on the Segment Maturity Date; and

(2)	instructions to withdraw your Segment Maturity Value on the Segment Maturity Date.

Some requests may be completed online; you can use our Equitable Client portal system to contact us and to complete such requests through the Internet. In the future, we may require that certain requests be completed online.

~~Definitions of key terms~~

Account Value — Your “account value” is the total of: (i) the values of your investment options under your applicable EQUI-VEST^® contract outside of the Accumulation Period without application of any MVA. The Specified Interest Rate will be credited to amounts allocated to an Accumulation Period, so long as such allocations are neither surrendered nor transferred prior toStructured Investment Option, (ii) the Maturity Date for the Allocation Period. The Specified Interest Rate is credited daily, providing an annual effective yield. (See "Specified interest rates and the accumulation periods.") THE MARKET VALUE ADJUSTMENT Amounts that are surrendered or transferred (including transfers for the purpose of obtaining a Loan) from an Accumulation Period more than 30 days before the Maturity Date will be subject to an MVA. An MVA will not apply upon payment of a death benefit upon the death of the annuitant. The MVA is determined through the use of a factor, which is known as the MVA Factor. This factor is discussed in detailvalues you have in the section entitled "The Market Value Adjustment." The MVA could cause an increase or decrease or no change at all in the amount of the distribution from an Accumulation Period. A MARKET VALUE ADJUSTMENT WILL NOT BE IMPOSED ON CONTRACTS ISSUED IN MARYLAND, THE COMMONWEALTH OF MASSACHUSETTS, NEW JERSEY, OKLAHOMA, OREGON, THE COMMONWEALTH OF PENNSYLVANIA, SOUTH CAROLINA, TEXAS AND WASHINGTON; HOWEVER, RESTRICTIONS ON TRANSFERS APPLY IN THESE STATES. The adjustment can be either a positive or negative adjustment. No adjustment is madeSegment Holding Account and (iii) your Segment Interim Values. Please refer to your EQUI-VEST^® prospectus for the amount withdrawn or transferred within 30 days before the end of the accumulation period. -------------------------------------------------------------------------------- FUND VALUE -- The aggregate dollar value as of any additional information.

Business Day of all amounts accumulated under each of the subaccounts, the Guaranteed Interest Account, and the loan account of the Contract. If the term Fund Value is preceded or followed by the terms subaccount(s), the Guaranteed Interest Account, and the loan account, or any one or more of those terms, Fund Value means only the Fund Value of the subaccount, the Guaranteed Interest Account or the loan account, as the context requires. BUSINESS DAY --— Our ~~"business day"~~“business day” is generally any day the New York Stock Exchange (“NYSE”) is open for regular trading and generally ends at 4:00 p.m. Eastern Time (or as of an earlier close of regular trading). If the Securities and Exchange Commission determines the existence of emergency conditions on any day, and consequently, the NYSE does not open, then that day is not a business day.

Company — Refers to Equitable Financial Life Insurance Company of America or Equitable Financial Life Insurance Company. The terms “we”, “us”, and “our” are also used to identify the issuing Company. Equitable America does not do business or issue contracts in the state of New York. Generally, Equitable Financial Life Insurance Company of America will issue contracts in all states except New York and Equitable Financial Life Insurance Company will issue contracts in New York. However, if any selling agent is an Equitable Advisors financial professional who has a business address in the state of New York, the issuing Company will be Equitable Financial Life Insurance Company, even if the contract is issued in a state other than New York.

Index — An Index used to determine the Segment Rate of Return for a Segment. We currently offer Segment Types based on the performance of the S&P 500 Price Return Index, the Russell 2000^® Price Return Index and the MSCI EAFE Price Return Index. In the future, we may offer Segment Types based on other indices.

Index Performance Rate — For a Segment, the percentage change in the value of the related Index from the Segment Start Date to the Segment Maturity Date. The Index Performance Rate may be positive or negative.

Performance Cap Rate — The highest Segment Rate of Return that can be credited on a Segment Maturity Date.

Performance Cap Threshold — A minimum rate you may specify as a participation requirement that the Performance Cap Rate for a new Segment must equal or exceed in order for amounts to be transferred from a Segment Holding Account into a new Segment.

SEC — Securities and Exchange Commission.

Segment — An investment option we establish with a specific Index, Segment Duration, Segment Buffer, Segment Maturity Date and Performance Cap Rate.

Segment Buffer — The portion of any negative Index Performance Rate that we absorb on a Segment Maturity Date

for a particular Segment. Any percentage decline in a Segment’s Index Performance Rate in excess of the Segment Buffer reduces your Segment Maturity Value. We currently offer Segment Buffers of -10% and -20%.

Segment Business Day — A business day ~~does not include~~that all indices underlying Segments available for similar investment options available under all our variable annuity contracts are scheduled to be open and to publish prices. A scheduled holiday for any one index disqualifies that day from being scheduled as a Segment Business Day for all Segments. We use Segment Business Days in this manner so that, based on published holiday schedules, we mature all Segments on the same day and start all new Segments on ~~which we are not open~~a subsequent day.

~~To obtain currently scheduled Segment Start Dates and Segment Maturity Dates, please see the following websites:~~

•

For EQUI-VEST^® Series 201 contracts, please see www.equitable.com/equivestsio.

•

For EQUI-VEST^® Strategies Series 900 contracts, please see www.equitable.com/equivestsio.

•

For EQUI-VEST^® Strategies Series 901 contracts, please see www.equitable.com/equivestsio.

•

For EQUI-VEST^® Vantage^SM Additional Contributions Tax-Sheltered (ACTS) Program — New Jersey Department of Higher Education certificates, please see www.equitable.com/nj.

•

For EQUI-VEST^® Employer-Sponsored Retirement Plans (Series 100 and Series 200) (TSA and EDC contracts only) contracts, please see www.equitable.com/equivestsio.

This design, among other things, facilitates the roll over of maturing Segment Investments into new Segments. It is possible that due to emergency conditions, ~~determined by~~an Index cannot provide a price on a day that was scheduled to be a Segment Business Day. If the ~~Securities~~NYSE experiences an emergency close and ~~Exchange Commission. We may also close early due to such emergency conditions. MONTHLY CONTRACT ANNIVERSARY --~~cannot publish any prices, we cannot mature or start any Segments.

Segment Duration — The ~~date of each month corresponding~~period from the Segment Start Date to the ~~Effective Date~~Segment Maturity Date. We currently offer Segment Durations of ~~the Contract. For example, for a Contract with a June 15 Effective Date, the Monthly Contract Anniversary is the 15th of each month. If a Contract's Effective Date falls on the 29th, 30th~~one year, three years or ~~31st day of a month, the Monthly Contract Anniversary will be the earlier of~~five years.

Segment Holding Account — An account that day or the last day of the particular month in question. -------------------------------------------------------------------------------- 5 SUMMARY OF THE CONTRACT BENEFIT OPTION PACKAGES There are two benefit option packages under Contracts issued in the state of Washington--see Appendix I for a table summarizing the benefit option packages. Each benefit option package is distinct. You select a benefit option package at the time of application. Once a selection is made, you may not transfer from one benefit option package to another.
------------------------------------------------------------------------------------------------------------------------------------ OPTION 1 OPTION 2 OPTION 3(3) ------------------------------------------------------------------------------------------------------------------------------------ MORTALITY AND EXPENSE RISK Current annual rate--1.20% Current annual rate--1.70% Current annual rate--2.35% CHARGE Maximum annual rate--1.40% Maximum annual rate--1.95% Maximum annual rate--2.80% ------------------------------------------------------------------------------------------------------------------------------------ DEATH BENEFIT ON DEATH OF THE GREATER OF: THE GREATEST OF: THE GREATEST OF: ANNUITANT (1) The Fund Value less any (1) The Fund Value less any (1) The Fund Value less any outstanding debt on the outstanding debt on the outstanding debt on the date due proof of the date due proof of the date due proof of the Annuitant's death is Annuitant's death is Annuitant's death is received by the received by the received by the Company. Company. Company. or or or (2) The Purchase Payments (2) The Purchase Payments (2) The Purchase Payments paid, reduced paid, reduced paid, reduced proportionately by each proportionately by each proportionately by each partial surrender partial surrender partial surrender (reflecting any market (reflecting any market (reflecting any market value adjustment and value adjustment and value adjustment and any surrender charge) any surrender charge) any surrender charge) and less any and less any out- and less any outstanding debt.(1) standing debt.(1) outstanding debt.(1) or or (3) Step Up Value (See (3) Step Up Value (See "Death benefit"). "Death Benefit"). or (4) Roll Up Value (See "Death benefit"). ------------------------------------------------------------------------------------------------------------------------------------ EARNINGS INCREASE AMOUNT Not Available The amount of the Earnings The amount of the Earnings ADDED TO DEATH BENEFIT Increase depends upon the Increase depends upon the age of the Annuitant on the age of the Annuitant on the Contract's Effective Date. Contract's Effective Date. If the Annuitant was age 69 If the Annuitant was age 69 or younger on the Contract's or younger on the Contract's Effective Date, the Earnings Effective Date, the Earnings Increase Amount is equal to Increase Amount is equal to 40% of the lesser of: 40% of the lesser of: (1) Net Purchase Payments; (1) Net Purchase Payments; or or (2) Fund Value minus (2) Fund Value minus Purchase Payments.(2) Purchase Payments.(2) If the Annuitant was If the Annuitant was age 70 or older on the age 70 or older on the Contract's Effective Contract's Effective Date, the Earnings Date, the Earnings Increase Amount is Increase Amount is equal to 25% of the equal to 25% of the lesser of: lesser of: (1) Net Purchase Payments; (1) Net Purchase Payments; or or (2) Fund Value minus (2) Fund Value minus Purchase Payments.(2) Purchase Payments.(2) ------------------------------------------------------------------------------------------------------------------------------------
~~SUMMARY OF THE CONTRACT 6~~
------------------------------------------------------------------------------------------------------------------------------------ OPTION 1 OPTION 2 OPTION 3(3) ------------------------------------------------------------------------------------------------------------------------------------ GUARANTEED MINIMUM Not Available Not Available If certain conditions are met, the ANNUITY PAYMENTS Guaranteed Annuitization Value may be used to provide guaranteed minimum annuity payments that are greater than annuity payments that would be provided by the Contract's Fund Value or Cash Value, as applicable. ------------------------------------------------------------------------------------------------------------------------------------ MINIMUM INITIAL PURCHASE Qualified Contracts--The minimum Qualified Contracts--The minimum Qualified Contracts--the minimum PAYMENT Purchase Payment for Qualified Purchase Payment for Qualified Purchase Payment for Qualified Plans is the same for all three Plans is the same for all three Plans is the same for all three options. (See "Detailed informa- options. (See "Detailed infor- options. (See "Detailed informa- tion about the contract.") mation about the contract.") tion about the contract.") Non-Qualified Contracts--$5,000 Non-Qualified Contracts--$10,000 Non-Qualified Contracts--$10,000 ------------------------------------------------------------------------------------------------------------------------------------ ANNUITANT ISSUE AGE Qualified Contracts --0-85 Qualified Contracts--0-79 Qualified Contracts--0-79 Non-Qualified Contracts --0-85 Non-Qualified Contracts--0-79 Non-Qualified Contracts--0-79 ------------------------------------------------------------------------------------------------------------------------------------ ANNUAL CONTRACT CHARGE Current charge is $30. Current charge is $0. Current charge is $0. The annual contract charge may The annual contract charge may The annual contract charge may be be increased to a maximum of be increased to a maximum of $50 increased to a maximum of $50 $50 ($30 in certain states) on 30 ($30 in certain states) on 30 ($30 in certain states) on 30 days days written notice. days written notice. written notice. ------------------------------------------------------------------------------------------------------------------------------------
~~(1) In the calculations of the death benefit, for each partial surrender, the proportionate reduction is equal~~holds all contributions and transfers allocated to the amount of that partial surrender and any surrender charge and any market value adjustment divided by the Fund Value immediately before that partial surrender, multiplied by the Purchase Payments paid before that partial surrender. Depending on your state, for Contracts purchased prior to July 22, 2003, the death benefit is the greater of: (1)Segment Type pending investment in a Segment. The Fund Value less any outstanding debt on the date due proof of the Annuitant's death is received by the Company, or (2) The Purchase Payments paid, less any partial surrenders and their surrender charges minus any outstanding debt, and plus or minus any Market Value Adjustment. (2) The payments and values described in (1) and (2) do not include Purchase Payments made during the 12-month period immediately prior to the date due proof of death is received by the Company and reflect any partial surrenders made including any applicable market value adjustment and surrender charge, and less any outstanding debt. (3) As of November 29, 2004, Option 3 is no longer available for new business. 7 SUMMARY OF THE CONTRACT TRANSFER OF FUND VALUE You may transfer fund value among the subaccounts and to or from the Guaranteed InterestSegment Holding Account with Market Value Adjustment. Transfers from the Guaranteed Interest Account with Market Value Adjustment may be subject to a market value adjustment for Contracts issued in certain states. Transfers may be made by telephone, facsimile or via the web if the proper form or the telephone/facsimile/web authorization on a Contract application has been completed, signed, and received by the Company at its Operations Center. Transfers by telephone, facsimile or via the web are subject to the Company's rules and conditions for such privilege. (See "Transfers.") LOANS If your Contract permits, you may borrow up to 50% of your Contract's Fund Value from the Company. Your Contract will be the only security required for the loan. Contracts issued to 401(k) plans are generally the only Contracts which permit loans. An amount equal to the amount of the loan is transferred to the loan account as security for the loan. The loan account is part of the ~~Company's General Account. We will charge you interest on~~EQ/Money Market variable investment option. If we were to offer different Segment Types in the ~~amount borrowed. If you do not pay the interest when due, the amount due plus any accrued interest will~~future, there would be ~~added to the outstanding debt. SURRENDERS You may surrender all or part~~a Segment Holding Account for each Segment Type.

Segment Interim Value — The value of ~~the Contract at any time and receive its Cash Value while the Annuitant is alive~~your investment in a Segment prior to the ~~annuity starting~~Segment Maturity Date.

Segment Investment — The amount transferred to a Segment on its Segment Start Date, as adjusted for any withdrawals and charges from that Segment.

Segment Maturity Date — The Segment Business Day on which a Segment ends. This is generally the first Segment Business Day occurring after the 13th of the same month as the Segment Start Date in the calendar year in which the Segment Duration ends.

Segment Maturity Date Requirement — You will not be invested in a Segment if the Segment Maturity Date is later than your EQUI-VEST^® contract maturity date. ~~We may impose~~

Segment Maturity Value — The value of your investment in a ~~surrender charge~~Segment on the Segment Maturity Date.

Segment Participation Requirements — The requirements that must be met before we transfer amounts from a Segment Holding Account to a new Segment on a Segment Start Date.

Segment Rate of Return — If the Index Performance Rate is positive, then the Segment Rate of Return is a rate equal to the Index Performance Rate, but not more than the Performance Cap Rate. If the Index Performance Rate is negative, but declines by a percentage less than or equal to the Segment Buffer, then the Segment Rate of Return is 0%. If the Index Performance Rate is negative, and ~~market value adjustment (if applicable). A partial surrender may reduce your death benefit proportionately~~declines by more than the Segment Buffer, then the Segment Rate of Return is negative, but will not reflect the first -10% or -20% of downside performance, depending on the Segment Buffer applicable to that Segment.

Segment Return Amount — Equals the Segment Investment multiplied by the Segment Rate of Return.

Segment Start Date — The Segment Business Day on which a new Segment is established. This is generally the second Segment Business Day occurring after the 13th of each month.

Segment Type — Comprises all Segments having the same ~~percentage~~Index, Segment Duration, and Segment Buffer. Each Segment Type has a corresponding Segment Holding Account.

Structured Investment Option — An investment option that permits you to invest in various Segments, each tied to the ~~surrender (including any surrender charge~~performance of an Index, and ~~any market value adjustment, if applicable) reduced Fund Value. The amounts you receive upon surrender may be subject to income taxes and a 10% penalty tax if you are younger than 59-1/2 at~~participate in the ~~time of surrender. (See "Federal tax status.") CHARGES AND DEDUCTIONS The Contract provides for the deduction of various charges and expenses from the fund value~~performance of the ~~Contract. We pay compensation to brokers-dealers who sell the Contracts. (For~~Index.

~~Structured Investment Option at a ~~discussion of this compensation, see "Distribution~~glance — key features~~


Structured Investment Option		See “Definition of key terms” on the prior page and “Description of the Structured Investment Option” later in this Prospectus for more detailed explanations of terms associated with the Structured Investment Option.

		• Seven Segment Types with Segment Durations of one, three and five years.

		• Investments in Segments are not investments in underlying mutual funds; Segments are not “index funds.” A Segment Type offers an opportunity to invest in a Segment that is tied to the performance of an Index. You participate in the performance of an Index by investing in a Segment. You do not participate in the investment results of any assets we hold in relation to a Segment. We hold assets in a “non-unitized” separate account we have established under the New York Insurance Law to support our obligations under the Structured Investment Option. We calculate the results of an investment in a Segment pursuant to one or more formulas described later in this Prospectus. Depending upon the performance of the Index, you could lose money by investing in one or more Segments.

		• The Index is used to determine the Segment Rate of Return for a Segment. We currently offer Segment Types based on the performance of the S&P 500 Price Return Index, the Russell 2000^® Price Return Index, and the MSCI EAFE Price Return Index. In the future, we may offer Segment Types based on other indices.

		• The Segment Return Amount (which equals the Segment Investment multiplied by the Segment Rate of Return) will only be applied on the Segment Maturity Date.

		• The Segment Rate of Return could be positive, zero, or negative. There is a risk of a substantial loss of your principal because you agree to absorb all losses to the extent they exceed the applicable Segment Buffer.

		• We will declare a Performance Cap Rate for each Segment, on the Segment Start Date. The Performance Cap Rate is the highest Segment Rate of Return that can be credited on the Segment Maturity Date for that Segment. The Performance Cap Rate may limit your participation in any increases in the underlying Index associated with a Segment. Our minimum Performance Cap Rates for 1, 3, and 5-year Segments are 4%, 12%, and 20%, respectively. We will not open a Segment with a Performance Cap Rate below the applicable minimum Performance Cap Rate. In some cases, we may decide not to declare a Performance Cap Rate for a Segment, in which case there is no maximum Segment Rate of Return for that Segment.

		• You can set a Performance Cap Threshold for any Segment Type in which you plan to invest. By doing so, amounts you allocate to a Segment Holding Account will only be transferred into a new Segment if the Performance Cap Rate we declare for that Segment is equal to or exceeds your Performance Cap Threshold. If you do not specify a Performance Cap Threshold, or your Performance Cap Threshold expires, you risk the possibility that you will be automatically transferred into a Segment with a Performance Cap Rate that does not meet your investment objectives. For more information about the operation of Performance Cap Thresholds, see “Segment Participation Requirements” in “Description of the Structured Investment Option” later in this Prospectus.

		• On any date prior to maturity, we calculate the Segment Interim Value for each Segment as described in “Appendix I — Segment Interim Value”. This amount may be less than the amount invested and may be less than the amount you would receive had you held the investment until maturity. The Segment Interim Value will generally be negatively affected by increases in the expected volatility of index prices, interest rate increases, and by poor market performance. All other factors being equal, the Segment Interim Value would be lower the earlier a withdrawal or surrender is made during a Segment. Also, participation in upside performance for early withdrawals is pro-rated based on the period those amounts were invested in a Segment. This means you participate to a lesser extent in upside performance the earlier you take a withdrawal.

		• Both the Performance Cap Rate and the Segment Buffer are rates of return from the Segment Start Date to the Segment Maturity Date, not annual rates of return, even if the Segment Duration is longer than one year. Therefore your Performance Cap Threshold is also not an annual rate, as it is based on the Segment Duration.



Structured Investment Option (continued)		• The highest level of protection on a Segment Maturity Date is the -20% Segment Buffer and the lowest level of protection is the -10% Segment Buffer.

		• This product generally offers greater upside potential, but less downside protection, on a Segment Maturity Date than fixed index annuities, which provide a guaranteed minimum return.

		• A specified minimum amount must be accumulated in the Segment Holding Account before it can be swept into a Segment (variations may apply).

		• Contributions or amounts accumulated in other investment options can be allocated to the Segment Holding Account.

		• Your entire account value can be allocated to the Structured Investment Option.

		• We reserve the right to suspend or terminate contributions and/or transfers into the Segment Holding Account.
Fees and charges		Please see “Fee table summary” later in this section for complete details.

The table above summarizes only certain current key features of the ~~contracts.") RIGHT TO RETURN CONTRACT PROVISION This information is no longer applicable, as these Contracts are no longer available~~Structured Investment Option. The table also summarizes certain current limitations, restrictions and exceptions to ~~new purchasers. You~~those features that we have the right to ~~examine~~impose under the ~~Contract when you receive it. You may return the Contract for any reason during the right~~Structured Investment Option and that are subject to return contract period (usually within ten days from the day you receive it). You will receive the Purchase Payments received by the Company, less any partial surrenders you make. During the "right to return contract period," Purchase Payments will be retainedchange in the ~~Company's General Account~~future. In some cases, other limitations, restrictions and ~~will earn interest at~~exceptions may apply. The Structured Investment Option may not currently be available in all contracts or states.

For more detailed information, we urge you to read the contents of this Prospectus in conjunction with your EQUI-VEST^® variable annuity prospectus, as well as your contract. This Prospectus is a ~~rate not less than 3.50% per year. If~~disclosure document and describes all of the Structured Investment Option material features, benefits, rights and obligations, as well as other information. The Prospectus should be read carefully before investing. Please feel free to speak with your financial professional, or call us, if you have not returned the Contract at the end of the right to return contract period, we transfer the Net Purchase Payments with interest to the subaccounts and/or the Guaranteed Interest Account. DEATH BENEFIT If the Annuitant (and the Secondary Annuitant, if any) dies before the annuity starting date, the Company will pay a death benefit to the Beneficiary. The death benefit will depend upon the benefit option package in effect on the date the Annuitant dies. If the Annuitant dies after annuity payments start, no death benefit is payable except as may be payable under the settlement option selected. (See "Death benefit.") -------------------------------------------------------------------------------- ANNUITANT -- The person upon whose continuation of life any annuity payment depends. SECONDARY ANNUITANT -- The party designated by the Owner to become the Annuitant, subject to certain conditions, on the death of the Annuitant. BENEFICIARY -- The party entitled to receive benefits payable at the death of the Annuitant or (if applicable) the Secondary Annuitant. ANNUITY STARTING DATE -- Attainment of age 95, or at the discretion of the Owner of the Contract, an earlier date that is at least ten years from the Effective Date of the Contract. -------------------------------------------------------------------------------- SUMMARY OF THE CONTRACT questions.

~~8 ~~FEE TABLES~~~~

~~Fee table summary~~

The following ~~tables describe the fees and expenses that you will pay when buying, owning, and surrendering the contract. The first~~ table describes the fees and expenses that you will pay when electing and making surrenders and other distributions (including loans and charges) from the Structured Investment Option.


Adjustments for early surrender or other distribution from a Segment
When calculation is made	Maximum amount that may be lost⁽¹⁾
	-10% Buffer	-20% Buffer
Segment Interim Value is applied on surrender or other distribution (including loans and charges) from a Segment prior to its Segment Maturity Date	90% of Segment Investment	80% of Segment Investment

~~Notes:~~

(1)

The actual amount of the Segment Interim Value calculation is determined by a formula that depends on, among other things, the Segment Buffer and how the Index has performed since the Segment Start Date, as discussed in detail under “Appendix I” later in this Prospectus. The maximum loss would occur if there is a total distribution for a Segment with a -10% or -20% buffer at a time when the Index price has declined to zero. If you surrender or cancel your variable annuity contract, die or make a withdrawal from a Segment before the Segment Maturity Date, the Segment Buffer will not necessarily apply to the extent it would on the Segment Maturity Date, and any upside performance will be limited to a percentage lower than the Performance Cap Rate.

~~This fee table applies specifically to the Structured Investment Option and should be read in conjunction with the fee table in your EQUI-VEST^® contract prospectus.~~

~~1. Risk factors~~

This section discusses risks associated with some features of the Structured Investment Option. See “Definition of key terms” earlier in this Prospectus and “Description of the Structured Investment Option” later in this Prospectus for more detailed explanations of terms associated with the Structured Investment Option.

There is a risk of a substantial loss of your principal because you agree to absorb all losses from the portion of any negative Index Performance Rate that exceeds the Segment Buffer for any Segment at maturity. Currently, the only levels of protection are the -10% or the -20% Segment Buffers at maturity.

Your Segment Rate of Return for a Segment is limited by its Performance Cap Rate, which could cause your Segment Rate of Return to be lower than it would otherwise be if you invested in a mutual fund or exchange-traded fund designed to track the performance of the Index.

We declare a Performance Cap Rate for each Segment, which is the highest Segment Rate of Return that can be credited on the Segment Maturity Date for that Segment. The Performance Cap Rate may limit your participation in any increases in the underlying Index associated with a Segment. Our minimum Performance Cap Rates for 1, 3, and 5-year Segments are 4%, 12%, and 20%, respectively. We will not open a Segment with a Performance Cap Rate below the applicable minimum Performance Cap Rate. In some cases, we may decide not to declare a Performance Cap Rate for a Segment, in which case there is no maximum Segment Rate of Return for that Segment.

The Performance Cap Rate is determined on the Segment Start Date. You will not know the rate in advance. Prior to the Segment Start Date, you may elect a Performance Cap Threshold. The threshold represents the minimum Performance Cap Rate you find acceptable for a particular Segment. If we declare a cap that is lower than the threshold you specify, you will not be invested in that Segment and your account value will remain in that Segment Holding Account until the next available Segment for which your threshold is met or you provide us with alternative instructions. You risk having amounts remain in Segment Holding Accounts for lengthy periods of time rather than being invested in Segments. If you do not specify a threshold, you risk the possibility that the Performance Cap Rate established will have a lower cap than you ~~buy~~would find acceptable. We will not open a Segment if the ~~Contract,~~Performance Cap Rate for 1, 3, and 5-year Segments would be less than 4%, 12%, and 20%, respectively. The Performance Cap Rate is a rate of return from the Segment Start Date to the Segment Maturity Date.

The method we use in calculating your Segment Interim Value may result in an amount lower than your Segment Investment, even if the Index has experienced positive investment performance since the Segment Start Date. Also, this amount may be less than the amount you would receive had you held the investment until maturity.

•

If you take a withdrawal, including required minimum distributions, and there is insufficient value in the other investment options available under your EQUI-VEST^® contract and the Segment Holding Account, we will withdraw amounts pro rata from any active Segments in your EQUI-VEST^® contract. Amounts withdrawn from active Segments will be valued using the formula for calculating the Segment Interim Value.

~~Amounts paid on death or surrender before the ~~Contract,~~Segment Maturity Date, will be based on the Segment Interim Value.~~

Any calculation of the Segment Interim Value will generally be affected by changes in both the volatility and level of the Index, as well as interest rates. The calculation of the Segment Interim Value is linked to various factors, including the value of a basket of put and call options on the Index as described in “Appendix I” of this Prospectus. The Segment Interim Value will generally be negatively affected by increases in the expected volatility of index prices, interest rate increases, and by poor market performance. All other factors being equal, the Segment Interim Value would be lower the earlier a withdrawal or ~~transfer fund value between investment options or,~~surrender is made during a Segment. Also, participation in upside performance for ~~Contracts funding 401(k) plans only,~~early withdrawals is pro-rated based on the period those amounts were invested in a Segment. This means you participate to a lesser extent in upside performance the earlier you take a ~~loan. A charge~~withdrawal.

•

You cannot transfer out of a Segment prior to its maturity to another investment option. You can only make withdrawals out of a Segment or surrender your EQUI-VEST^® contract. The amount you would receive would be calculated using the formula for the Segment Interim Value.

We may not offer new Segments. Therefore, a Segment may not be available for ~~taxes may also be deducted. For~~you to transfer your Segment Maturity Value into after the ~~table of fees applicable~~Segment Maturity Date.

We have the right to ~~Contracts issued in~~substitute an alternative index prior to Segment Maturity if the ~~State of Washington, see Appendix I.~~
------------------------------------------------------------------------------------------------------------------------------------ OWNER TRANSACTION EXPENSES: ------------------------------------------------------------------------------------------------------------------------------------ Maximum deferred sales load (surrender charge) 7.00%(1) (as a percentage of Fund Value surrendered) ------------------------------------------------------------------------------------------------------------------------------------ Loan interest spread (effective annual rate) 2.50%(2) ------------------------------------------------------------------------------------------------------------------------------------ Maximum transfer charge $25(3) ------------------------------------------------------------------------------------------------------------------------------------ The next table describes the fees and expense that you will pay periodically during the time that you own the Contract, not including Fund portfolio company fees and expenses. ------------------------------------------------------------------------------------------------------------------------------------ Maximum annual contract charge $50(4) ------------------------------------------------------------------------------------------------------------------------------------ SEPARATE ACCOUNT ANNUAL EXPENSES (AS A PERCENTAGE OF AVERAGE ANNUAL FUND VALUE IN MONY AMERICA VARIABLE ACCOUNT A): ------------------------------------------------------------------------------------------------------------------------------------ OPTION 1 ------------------------------------------------------------------------------------------------------------------------------------ Maximum mortality and expense risk fees 1.40%(5) ------------------------------------------------------------------------------------------------------------------------------------ Total separate account annual expenses 1.40%(5) ------------------------------------------------------------------------------------------------------------------------------------ OPTION 2 ------------------------------------------------------------------------------------------------------------------------------------ Maximum mortality and expense risk fees 1.95%(6) ------------------------------------------------------------------------------------------------------------------------------------ Total separate account annual expenses 1.95%(6) ------------------------------------------------------------------------------------------------------------------------------------ OPTION 3(7) ------------------------------------------------------------------------------------------------------------------------------------ Maximum mortality and expense risk fees 2.80%(8) ------------------------------------------------------------------------------------------------------------------------------------ Total separate account annual expenses 2.80%(8) ------------------------------------------------------------------------------------------------------------------------------------
(1) The surrender charge percentage, which reduces to zero, is determined by the Contract Year in which the surrender occurs. The surrender charge may be reduced under certain circumstances which include reduction in order to guarantee that certain amounts may be received freepublication of the ~~surrender charge. (See "Charges against fund value -- Free partial surrender amount.") (2) The loan interest spread~~Index is ~~the difference between the amount of interest~~discontinued or at our sole discretion we ~~charge on loans and the amount of interest we credit~~determine that

our use of the Index should be discontinued or if the calculation of the Index is substantially changed. If we substitute an index for an existing Segment, we would not change the Segment Buffer or Performance Cap Rate. We would attempt to choose a substitute index that has a similar investment objective and risk profile to the replaced index.

The amounts held in the ~~loan account to secure loans. (3)~~ Segment Holding Account may earn a return that is less than the return you might have earned if those amounts were held in another investment option.

The ~~transfer charge currently is $0. However,~~level of risk you bear and your potential investment performance will differ depending on the Company has reserved the right to impose a charge for each transfer which will not exceed $25 (except for contracts issued in the states of South Carolina and Texas, where it will not exceed $10). (See "Deductions from fund value -- Transfer charge.") (4) The annual contract charge for Option 1 is currently $30. The annual contract charge for Option 2 and Option 3 is currently $0. However, the Company may in the future change the amount of the charge to an amount not exceeding $50 per Contract Year (except for Contracts issued in Maryland, Massachusetts, New Jersey, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas and Washington where the charge may not exceed $30). (See "Deductions from fund value -- Annual contract charge.") (5) The mortality and expense risk charge is deducted daily equivalent to a current annual rate of 1.20% (and is guaranteed not to exceed a daily rate equivalent to an annual rate of 1.40%) from the value of the net assets of MONY America Variable Account A. (6) The mortality and expense risk charge is deducted daily equivalent to a current annual rate of 1.70% (and is guaranteed not to exceed a daily rate equivalent to an annual rate of 1.95%) from the value of the net assets of MONY America Variable Account A. (7) As of November 29, 2004, Option 3 is no longer available for new business. (8) The mortality and expense risk charge is deducted daily equivalent to a current annual rate of 2.35% (and is guaranteed not to exceed a daily rate equivalent to an annual rate of 2.80%) from the value of the net assets of MONY America Variable Account A. The next item shows the minimum and maximum total operating expenses charged by the portfolio companies for the year ended December 31, 2010. You may pay portfolio company operating expenses periodically during the time thatinvestments you own the Contract. Certain variable investment options invest in a corresponding portfolio of one of the Trusts or other unaffiliated investment companies. Each portfolio, in turn, invests in shares of other portfolios of the Trusts and/or shares of unaffiliated portfolios ("underlying portfolios"). More detail concerning each Fund portfolio company's fees and expenses is contained in the prospectus for each portfolio. 9 SUMMARY OF THE CONTRACT choose.

------------------------------------------------------------------------------------------------------------------------------------ TOTAL ANNUAL FUND OPERATING EXPENSES: LOWEST HIGHEST ------------------------------------------------------------------------------------------------------------------------------------ Total Annual Portfolio Operating Expenses for 2010 (expenses that are 0.37% 1.78% deducted from portfolio assets including management fees, 12b-1 fees, service fees, and/or other expenses)(1) ------------------------------------------------------------------------------------------------------------------------------------
•		If your account value falls below the applicable minimum account size as a result of a withdrawal, your EQUI-VEST^® contract may terminate.

(1) "Total Annual Portfolio Operating Expenses" are based, in part, on estimated amounts for options added during the fiscal year 2010 and for the underlying portfolios. In addition, the "Minimum" represents the total annual operating expenses of the EQ/Small Company Index. The "Maximum" represents the total annual operating expenses of the ProFund VP UltraBull Portfolio. EXAMPLE This example is intended to help you compare the cost of investing in the contract with the cost of investing in other variable annuity contracts. These costs include Owner transaction expenses, contract fees, separate account annual expense, and Fund fees and expenses for the year ended December 31, 2010. The example assumes that you invest $10,000 in the Contract for the time periods indicated. The example also assumes that your investment has a 5% return each year. The example assumes the maximum contract charges and annual expenses of any of the Fund portfolios (before expense limitations) set forth in the previous charts. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: 1. a. If you surrender your Contract at the end of the applicable time period (assuming maximum fees and expenses of any of the Fund portfolios): -------------------------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -------------------------------------------------------------------------- Option 1 $1,009 $1,689 $2,383 $3,932 Option 2 $1,059 $1,837 $2,624 $4,396 Option 3 $1,137 $2,061 $2,983 $5,060 -------------------------------------------------------------------------- b. If you surrender your Contract at the end of the applicable time period (assuming minimum fees and expenses of any of the Fund portfolios): -------------------------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -------------------------------------------------------------------------- Option 1 $ 877 $1,296 $1,731 $2,605 Option 2 $ 929 $1,451 $1,991 $3,147 Option 3 $1,008 $1,686 $2,378 $3,924 -------------------------------------------------------------------------- 2. a. If you do not surrender your Contract (assuming maximum fees and expenses of any of the Fund portfolios): -------------------------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -------------------------------------------------------------------------- Option 1 $370 $1,126 $1,902 $3,932 Option 2 $425 $1,284 $2,156 $4,396 Option 3 $508 $1,522 $2,535 $5,060 -------------------------------------------------------------------------- b. If you do not surrender your Contract (assuming minimum fees and expenses of any of the Fund portfolios): -------------------------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -------------------------------------------------------------------------- Option 1 $230 $ 709 $1,215 $2,605 Option 2 $285 $ 874 $1,489 $3,147 Option 3 $369 $1,123 $1,897 $3,924 -------------------------------------------------------------------------- 3. a. If you annuitize your Contract and the proceeds are settled under Settlement Options 3 or 3A (life income with annuity options) (assuming maximum fees and expenses of any of the Fund portfolios): -------------------------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -------------------------------------------------------------------------- Option 1 $1,009 $1,126 $1,902 $3,932 Option 2 $1,059 $1,284 $2,156 $4,396 Option 3 $1,137 $1,522 $2,535 $5,060 -------------------------------------------------------------------------- b. If you annuitize your Contract and the proceeds are settled under Settlement Options 3 or 3A (life income with annuity options) (assuming minimum fees and expenses of any of the Fund portfolios): -------------------------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -------------------------------------------------------------------------- Option 1 $ 877 $ 709 $1,215 $2,605 Option 2 $ 929 $ 874 $1,489 $3,147 Option 3 $1,008 $1,123 $1,897 $3,924 -------------------------------------------------------------------------- SUMMARY OF THE CONTRACT 10 4. a. If you annuitize your Contract and the proceeds are settled under Settlement Options 1, 2 or 4 (annuity income without life contingencies) (assuming maximum fees and expenses of any of the Fund portfolios): -------------------------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -------------------------------------------------------------------------- Option 1 $1,009 $1,689 $2,383 $3,932 Option 2 $1,059 $1,837 $2,624 $4,396 Option 3 $1,137 $2,061 $2,983 $5,060 -------------------------------------------------------------------------- b. If you annuitize your Contract and the proceeds are settled under Settlement Options 1, 2 or 4 (annuity income without life contingencies) (assuming minimum fees and expenses of any of the Fund portfolios): -------------------------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -------------------------------------------------------------------------- Option 1 $ 877 $1,296 $1,731 $2,605 Option 2 $ 929 $1,451 $1,991 $3,147 Option 3 $1,008 $1,686 $2,378 $3,924 -------------------------------------------------------------------------- For the purposes of the Fee Tables and the Example, we assume that the Contract is owned during the accumulation period. (See "Charges and Deductions.") On and after the annuity starting date, different fees and charges will apply. OTHER CONTRACTS We offer a variety of fixed and variable annuity contracts. They may offer features, including investment options, fees and/or charges that are different from those in the Contracts offered by this prospectus. Not every Contract is offered through the same distributor. Upon request, your registered representative can show you information regarding other annuity Contracts that he or she distributes. You can also contact us to find out more about any MONY Life Insurance Company of America annuity Contracts. CONDENSED FINANCIAL INFORMATION Please see Appendix II at the end of this prospectus for the unit values and the number of units outstanding as of the end of the period shown for each of the variable investment options available as of December 31, 2010. 11 SUMMARY OF THE CONTRACT 2. WHO IS MONY LIFE INSURANCE COMPANY OF AMERICA? -------------------------------------------------------------------------------- MONY LIFE INSURANCE COMPANY OF AMERICA We are MONY Life Insurance Company of America (the "Company"), an Arizona stock life insurance corporation organized in 1969. The Company is an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company, which is itself an indirect, wholly-owned subsidiary of AXA SA ("AXA"). AXA is a French holding company for an international group of insurance and related financial services companies. As the ultimate sole shareholder of the Company, and under its other arrangements with the Company and parent, AXA exercises significant influence over the operations and capital structure of the Company and its parent. AXA holds its interest in the Company through a number of other intermediate holding companies, including Oudinot Participations, AXA America Holdings, Inc., AXA Equitable Financial Services, LLC, and MONY Life Insurance Company, a life insurance company. The Company is obligated to pay all amounts that are promised to be paid under the contracts.
No company other than the Company ~~however,~~ has any legal responsibility to pay amounts that the Company owes under the ~~contracts. AXA Financial, Inc.~~contract. You should look to the financial strength of the Company for its claims-paying ability.
COVID-19
The COVID-19 pandemic has negatively impacted the U.S. and global economies. A wide variety of factors continue to impact financial and economic conditions, including, among others, volatility in the financial markets, rising inflation rates, supply chain disruptions, continued low interest rates and changes in fiscal or monetary policy. Efforts to prevent the spread of COVID-19 have affected our business directly in a number of ways, including through the temporary closures of many businesses and schools and the institution of social distancing requirements in many states and local communities. Businesses or schools that have reopened have restricted or limited access for the foreseeable future and may do so on a permanent or episodic basis. As a result, our ability to sell products through our regular channels and the demand for our products and services has been significantly impacted.
While we have implemented risk management and contingency plans with respect to the COVID-19 pandemic, such measures may not adequately protect our business from the full impacts of the pandemic. Currently, most of our employees and advisors are continuing to work remotely. Extended periods of remote work arrangements could introduce additional operational risk including, but not limited to, cybersecurity risks, and impair our ability to effectively manage our business. We also outsource a variety of functions to third parties whose business continuity strategies are largely outside our control.
Economic uncertainty resulting from the COVID-19 pandemic may have an adverse effect on product sales and result in existing policyholders withdrawing at greater rates. COVID-19 could have an adverse effect on our insurance business due to increased mortality and morbidity rates. The cost of reinsurance to us for these policies could increase,

and we may encounter decreased availability of such reinsurance. If policyholder lapse and surrender rates or premium waivers significantly exceed our expectations, we may need to change our assumptions, models or reserves.

Our investment portfolio has been, and may continue to be, adversely affected by the COVID-19 pandemic. Our investments in mortgages and commercial mortgage-backed securities have been, and could continue to be, negatively affected by delays or failures of borrowers to make payments of principal and interest when due. In some jurisdictions, local governments have imposed delays or moratoriums on many forms of enforcement actions. Furthermore, declines in equity markets and interest rates, reduced liquidity or a continued slowdown in the U.S. or in global economic conditions may also adversely affect the values and cash flows of investments. Market volatility also caused significant increases in credit spreads, and any continued volatility may increase our borrowing costs and decrease product fee income. Further, severe market volatility may leave us unable to react to market events in a prudent manner consistent with our historical investment practices.

The extent of the COVID-19 pandemic’s impact on us will depend on future developments that are still highly uncertain, including the severity and duration of the pandemic, actions taken by governments and other third parties in response to the pandemic and the availability and efficacy of vaccines against COVID-19 and its ~~consolidated subsidiaries managed approximately $575.3 billion in assets as~~variants.

~~Cybersecurity risks and catastrophic events~~

We rely heavily on interconnected computer systems and digital data to conduct our variable product business. Because our variable product business is highly dependent upon the effective operation of ~~December 31, 2010. The Company~~our computer systems and those of our business partners, our business is ~~licensed~~vulnerable to ~~sell life insurance~~disruptions from utility outages, and ~~annuities in forty-nine states (not including New York)~~susceptible to operational and information security risks resulting from information systems failure (e.g., hardware and software malfunctions), and cyberattacks. These risks include, among other things, the ~~District~~theft, misuse, corruption and destruction of ~~Columbia, the U.S. Virgin Islands and Puerto Rico. Our home office is located at 1290 Avenue~~data maintained online or digitally, interference with or denial of ~~the Americas, New York, NY 10104. HOW TO REACH US To obtain (1) any forms you need for communicating with us, (2) unit values~~service, attacks on websites and other ~~values under your policy,~~operational disruption and ~~(3)~~unauthorized use or abuse of confidential customer information. Systems failures and cyberattacks, as well as, any other ~~information~~catastrophic event, including natural and manmade disasters, public health emergencies, pandemic diseases, terrorist attacks, floods or ~~materials that we provide in connection with~~severe storms affecting us, any third-party administrator, the underlying funds, intermediaries and other affiliated or third-party service providers may adversely affect us, our business operations and your ~~Contract or the Portfolios, you~~account value. Systems failures and cyberattacks may ~~communicate~~also interfere with our processing ~~office~~of contract transactions, including the processing of orders from our website or with the underlying funds, impact our ability to calculate account values, cause the release and possible destruction of confidential customer or business information,

~~impede order processing, subject us and/or our service providers and intermediaries to regulatory fines and financial~~

losses and/or cause reputational damage. In addition, the occurrence of any pandemic disease (like COVID-19), natural disaster, terrorist attack or any other event that results in our workforce, and/or employees of service providers and/or third-party administrators, being compromised and unable or unwilling to fully perform their responsibilities, could likewise result in interruptions in our service, including our ability to issue contracts and process contract transactions. Even when our workforce and employees of our service providers and/or third-party administrators can work remotely, those remote work arrangements could result in our business operations being less efficient than under normal circumstances and lead to delays in our issuing contracts and processing of other contract-related transactions, as ~~listed below~~well as possibly being more susceptible to cyberattacks. Cybersecurity risks and catastrophic events may also impact the issuers of securities in which the underlying funds invest, which may cause the funds underlying your contract to lose value. While there can be no assurance that we or the underlying funds or our service providers will avoid losses affecting your contract due to cyberattacks, information security breaches or other catastrophic events in the future, we take reasonable steps to mitigate these risks and secure our systems and business operations from such failures, attacks and events.

~~2. Description of the Structured Investment Option~~

~~Structured Investment Option~~

The Structured Investment Option consists of Segment Types which provide a rate of return tied to the performance of an Index. Each month, you have the opportunity to invest in a Segment, subject to the requirements, limitations and procedures disclosed in this section. Investments in Segments are not investments in underlying mutual funds; Segments are not “index funds.” The Structured Investment Option is not available in all states. Please contact the customer service group referenced in the Prospectus or your financial professional for information on state availability. Also, see “Appendix: State contract availability and/or variations of certain features and benefits” for more information.

Segment Holding Account — an account that holds all contributions and transfers allocated to a Segment Type pending investment in a Segment. The Segment Holding Account is part of the ~~purposes described.~~EQ/Money Market variable investment option.

~~Segment Start Date — the Segment Business Day on which a new Segment is established. This is generally the second Segment Business Day occurring after the 13th of each month.~~

~~Segment Investment — the amount transferred to a Segment on its Segment Start Date, as adjusted for any withdrawals and charges from that Segment.~~

~~Segment Type~~

We currently offer seven Segment Types. We intend to offer a Segment each month, on the Segment Start Date. We are not obligated to offer any one particular Segment Type. Also, we are not obligated to offer any Segment Type. A Segment Type refers to Segments that have the same Index, Segment Duration, and Segment Buffer. A Segment Type has a corresponding Segment Holding Account. Please refer to ~~"Telephone/ Fax/Web Transactions" for effective dates for processing telephone, Internet, and facsimile requests, later~~the “Definitions of key terms” section earlier in this ~~prospectus. Certain methods~~Prospectus for a discussion of ~~contacting us, such~~these terms. Not all Segment Durations are available in all states. Please see “Appendix: State contract availability and/or variations of certain features and benefits” for more information.

Segment Business Day — a business day that all indices underlying Segments available for similar investment options available under all our variable annuity contracts are scheduled to be open and to publish prices. A scheduled holiday for any one index disqualifies that day from being scheduled as ~~by telephone or electronically may be unavailable or delayed (for example our fax service may not be available at~~a Segment Business Day for all ~~times and/or~~Segments. We use Segment Business Days in this manner so that, based on published holiday schedules, we ~~may be unavailable~~mature all Segments on the same day and start all new Segments on a subsequent day.

~~To obtain currently scheduled Segment Start Dates and Segment Maturity Dates, please see the following websites:~~

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For EQUI-VEST^® Series 201 contracts, please see www.equitable.com/equivestsio

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For EQUI-VEST^® Strategies Series 900 contracts, please see www.equitable.com/equivestsio.

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For EQUI-VEST^® Strategies Series contracts, please see www.equitable.com/equivestsio.

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For EQUI-VEST^® Vantage^SM contracts, please see www.equitable.com/nj.

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For EQUI-VEST^® Employer-Sponsored Retirement Plans (Series 100 and Series 200) (TSA and EDC contracts only) contracts, please see www.equitable.com/equivestsio.

This design, among other things, facilitates the roll over of maturing Segment Investments into new Segments. It is possible that due to emergency closing). In addition, the level and type of service available may be restricted based on criteria established by us. In order to avoid delays in processing, please send your correspondence and check to the appropriate location, as follows: -------------------------------------------------------------------------------- FOR CORRESPONDENCE WITH CHECKS: -------------------------------------------------------------------------------- FOR SUBSEQUENT CONTRIBUTIONS SENT BY REGULAR MAIL: MONY Life Insurance Company of America P.O. Box 5064 New York, NY 10087-5064 FOR SUBSEQUENT CONTRIBUTIONS SENT BY EXPRESS DELIVERY: JPMorgan Chase - Lockbox Processing Lockbox - MONY Life Insurance Company of America - LBX 5064 4 Chase Metrotech Center 7th Floor East Brooklyn, NY 11245 -------------------------------------------------------------------------------- FOR CORRESPONDENCE WITH CHECKS: -------------------------------------------------------------------------------- FOR ALL OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY MAIL: MONY Life Insurance Company of America Policyholder Services 100 Madison Street Syracuse, New York 13202 Your correspondence will be picked up at the mailing address noted above and delivered to our processing office. Your correspondence, however, is not considered received by us until it is received at our processing office. Where this prospectus refers to the day when we receiveconditions, an Index cannot provide a contribution, request, election, notice, transfer or any other transaction request from you, we mean the day on which that item (or the last thing necessary for us to process that item) arrives in complete and proper form at our processing office or via the appropriate telephone or fax number if the item is a type we accept by those means. There are two main exceptions: if the item arrives (1)price on a day that was scheduled to be a Segment Business Day. If the NYSE experiences an emergency close and cannot publish any prices, we cannot mature or start any Segments.

~~Segment Duration — the period from the Segment Start Date to the Segment Maturity Date. We currently offer Segment Durations of one year, three years and five years.~~

Segment Buffer — the portion of any negative Index Performance Rate that we absorb on a Segment Maturity Date for a particular Segment. Any percentage decline in a Segment’s Index Performance Rate in excess of the Segment Buffer reduces your Segment Maturity Value. We currently offer Segment Buffers of -10% and -20%.

~~The following Segment Types are currently available:~~


Index	Segment Duration	Segment Buffer
S&P 500 Price Return Index	1 year	-10%
S&P 500 Price Return Index	3 year	-20%
S&P 500 Price Return Index	5 year	-20%
Russell 2000^® Price Return Index	1 year	-10%
Russell 2000^® Price Return Index	3 year	-20%
Russell 2000^® Price Return Index	5 year	-20%
MSCI EAFE Price Return Index	1 year	-10%

~~At maturity, the highest level of protection is the -20% Segment Buffer and the lowest level of protection is the -10% Segment Buffer.~~

~~The Indices are described in more detail below, under the heading “Indices.”~~

~~Each Segment has a Performance Cap Rate that we set on the Segment Start Date. See “Performance Cap Rate” below.~~

For example, a Segment could be S&P 500 Price Return Index/ 1 year/-10%/September 2024 with a 20% Performance Cap Rate declared on the Segment Start Date. This means that you will participate in the performance of the S&P 500 Price Return Index for one year starting from the September 2024 Segment Start Date. If the Index performs positively during this period, your rate of return at maturity could be as much as 20% for that Segment Duration. If the Index performs negatively during this period, at maturity you will be protected from the first 10% of the Index’s decline. If the Index performance is between -10% and 0%, your Segment Return Amount at maturity will equal your Segment Investment.

~~Performance Cap Rate — the highest Segment Rate of Return that can be credited on a Segment Maturity Date.~~

Index Performance Rate — for a Segment, the percentage change in the value of the Index from the Segment Start Date to the Segment Maturity Date. The Index Performance Rate may be positive or negative.

Performance Cap Threshold — the minimum rate you may specify as a participation requirement that the Performance Cap Rate for a new Segment must equal or exceed in order for amounts to be transferred from the Segment Holding Account into a new Segment.

Both the Performance Cap Rate and the Segment Buffer are rates of return from the Segment Start Date to the Segment Maturity Date. The performance of the Index, the Performance Cap Rate and the Segment Buffer are all measured from the Segment Start Date to the Segment Maturity Date, and the Performance Cap Rate and Segment Buffer apply if you hold the Segment until the Segment Maturity Date. If you surrender or cancel your EQUI-VEST^® contract, die or make a withdrawal from a Segment before the Segment Maturity Date, the Segment Buffer will not necessarily apply to the extent it would on the Segment Maturity Date, and any upside performance will be limited to a ~~business day~~percentage lower than the Performance Cap Rate. Please see “Your account value in the Structured Investment Option” later in this section. A partial withdrawal from a Segment does not affect the Performance Cap Rate and Segment Buffer that apply to any remaining amounts that are held in the Segment through the Segment Maturity Date.

We reserve the right to offer any or ~~(2) after~~all Segment Types less frequently than monthly or to stop offering any or all of them or to suspend offering any or all of them temporarily. Please see “Suspension, termination and changes to the Segment Type and Index” later in this section. We may also add different Segment Types in the future.

~~You may not have more than 12 active Segments in addition to the Segment Holding Account.~~

~~Indices~~

Each Segment Type references an Index that determines the performance of its associated Segments. We currently offer Segment Types based on the performance of the S&P 500 Price Return Index, the Russell 2000^® Price Return Index and

~~the MSCI EAFE Price Return Index. Throughout this Prospectus, we refer to these indices using the term “Index” or, collectively, “Indices.”~~

Please note that each Index is a price return index, which means that changes in the value of the Index are determined solely by changes in the price of each security included in the Index. By contrast, a total return index also includes the value of all dividends, interest, rights offerings or other distributions associated with each security included in the index. For example, the value of the S&P 500 Total Return Index incorporates dividends and other distributions by assuming that they are reinvested in the entire index.

S&P 500 Price Return Index. The S&P 500 Price Return Index was established by Standard & Poor’s. The S&P 500 Price Return Index includes 500 leading companies in leading industries of the U.S. economy, capturing 75% coverage of U.S. equities. The S&P 500 Price Return Index does not include dividends declared by any of the companies included in this Index.

Russell 2000^® Price Return Index. The Russell 2000^® Price Return Index was established by Russell Investments. The Russell 2000^® Price Return Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000^® Price Return Index is a subset of the Russell 3000^® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000^® Price Return Index does not include dividends declared by any of the companies included in this Index.

MSCI EAFE Price Return Index. The MSCI EAFE Price Return Index was established by MSCI. The MSCI EAFE Price Return Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the US and Canada. As of the date of this Prospectus the MSCI EAFE Price Return Index consisted of the following 22 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The MSCI EAFE Price Return Index does not include dividends declared by any of the companies included in this Index.

~~Segment Holding Account~~

Any contribution or transfer designated for a Segment Type will be allocated to the Segment Holding Account until the Segment Start Date. The Segment Holding Account is part of the EQ/Money Market variable investment option. Please see “Separate Account Annual Expenses” later in this Prospectus for more information regarding non-guaranteed charge waivers in the Segment Holding Account. You must transfer or contribute to the Segment Holding Account for the corresponding Segment Type if you want to invest in a Segment; you cannot transfer or contribute directly to a Segment.

You can transfer amounts from the Segment Holding Account into any of the investment options, or another Segment Holding Account at any time up to the close of abusiness on the last business day before the Segment Start Date.

Please refer to the “How to reach us” section in your EQUI-VEST^® variable annuity contract prospectus for more information regarding contacting us and communicating your instructions. We also have specific forms that we recommend you use for electing the Structured Investment Option and any Structured Investment Option transactions.

~~Segment Start Date~~

Each Segment will have a Segment Start Date, which is generally the second Segment Business Day occurring after the 13th of the month. However, the Segment Start Date may sometimes be a later date under certain circumstances. Please see “Setting the Segment Maturity Date and Segment Start Date” below.

~~Segment Rate of Return~~

If the Index Performance Rate is positive, then ~~in each case, we are deemed~~the Segment Rate of Return is a rate equal to ~~have received that item~~the Index Performance Rate, but not more than the Performance Cap Rate. If the Index Performance Rate is negative, but declines by a percentage less than or equal to the Segment Buffer, then the Segment Rate of Return is 0%. If the Index Performance Rate is negative, and declines by more than the Segment Buffer, then the Segment Rate of Return is negative, but will not reflect the first -10% or -20% of downside performance, depending on the ~~next business day.~~Segment Buffer applicable to that Segment.

~~Performance Cap Rate~~

The Performance Cap Rate is the maximum Segment Rate of Return that each Segment will be credited with on the Segment Maturity Date. We will declare a Performance Cap Rate for each Segment on the Segment Start Date.

Because we declare the Performance Cap Rate for a Segment on its Segment Start Date, you will not know the Performance Cap Rate for a new Segment until your account value has been transferred from the corresponding Segment Holding Account into the Segment. You may not transfer out of a Segment before the Segment Maturity Date. Please see “Transfers” below. For this reason, we permit you to specify a Performance Cap Threshold, which we describe below under “Segment Participation Requirements.” For more information regarding transfer restrictions, please see “Transfers” later on in this Prospectus and your EQUI-VEST^® contract prospectus.

The Performance Cap Rate may limit your participation in any increase in the underlying Index associated with a Segment. Our processing office is: 100 Madison Street, Syracuse, New York 13202. -------------------------------------------------------------------------------- BY TOLL-FREE PHONE: -------------------------------------------------------------------------------- Customer service representativesminimum Performance Cap Rates for 1, 3, and 5-year Segments are available weekdays from 9:00 a.m. to 5:00 p.m. Eastern Time at 1-800-487-6669. -------------------------------------------------------------------------------- BY INTERNET: -------------------------------------------------------------------------------- Clients may access Online Account Access by visiting our Website at www.axa-equitable.com. Our Website provides access to account information4%, 12%, and customer service. After enrolling and setting up a password, you can view account details, perform certain transactions, print customer service forms and find answers to Frequently Asked Questions (FAQs). You can also change your allocation percentages, transfer among investment options, make a payment, and/or change your address (1) by toll-free phone, (2) over the Internet, through Online Account Access, or (3) by writing our Operations Center.20%, respectively. For more information about the ~~transaction requests you can make by phone, fax or internet,~~Segment suspension, see ~~"Telephone/fax/web transactions"~~“Suspension, Termination and Changes to Segment Types and Indices” later in this ~~prospectus. MONY AMERICA VARIABLE ACCOUNT A MONY America Variable~~section. We guarantee that for the life of your contact we will not open a Segment with a Performance Cap Rate below the applicable minimum

Performance Cap Rate. In some cases, we may decide not to declare a Performance Cap Rate for a Segment, in which case there is no maximum Segment Rate of Return for that Segment and you will receive the Index Performance Rate for that Segment subject to the Segment Buffer.

Please note that the Performance Cap Rate and Segment Rate of Return are rates of return from the Segment Start Date to the Segment Maturity Date. The Performance Cap Rate is set at our sole discretion.

~~Segment Participation Requirements~~

All amounts in the Segment Holding Account ~~A is a separate investment account~~as of the ~~Company. Presently, only Purchase Payments~~close of business on the business day preceding the Segment Start Date, plus any earnings on those amounts, will be transferred into the Segment on the Segment Start Date, provided that all participation requirements are met.

Amounts transferred into the Segment Holding Account on a Segment Start Date will not be included in any new Segment created that day. These amounts will remain in the Segment Holding Account until they are transferred out or the next Segment Start Date on which the participation requirements are met for ~~individual flexible payment variable annuity contracts are permitted~~the amounts to be ~~allocated~~transferred into a new Segment.

If you change your Performance Cap Threshold on a Segment Start Date, that Performance Cap Threshold will not affect the participation requirements for any Segment created that day. For example if you have a Performance Cap Threshold on file of 6.0%, but change it to ~~MONY America Variable~~9.0% on a Segment Start Date, any amounts in the Segment Holding Account A. will be transferred into a new Segment of the Segment Type that we create that day with a Participation Cap Rate equal to or higher than 6.00%, if the other participation requirements are met. For example, a Performance Cap Rate of 7.0% would meet your Performance Cap Threshold on that Segment Start Date.

The ~~assets~~following participation requirements must be met on a Segment Start Date in ~~MONY America Variable~~order for any amount designated for a Segment Type to be transferred from a Segment Holding Account into the designated new Segment: (1) A minimum amount of $1,000 (variations may apply) must be in the Segment Holding Account; (2) Segment is available; (3) Segment Maturity Date Requirement is met; and (4) Performance Cap Threshold is met. If these requirements are ~~kept separate~~met, your account value in the Segment Holding Account will be transferred into a new Segment. This amount is your initial Segment Investment.

The following participation requirements must be met on a Segment Start Date in order for any amount designated for a Segment Type to be transferred from a Segment Holding Account into the designated new Segment: (1) minimum sweep amount is met; (2) Segment is available; (3) Segment Maturity Date Requirement is met; and (4) Performance Cap Threshold is met. If these requirements are met, your account value in the Segment Holding Account will be transferred into a new Segment. This amount is your initial Segment Investment.

(1) Minimum sweep amount is met. For Segments with a duration of greater than 1 year, the minimum amount that must be in the Segment Holding Account before it will be transferred into a new Segment is $1,000. For 1-year Segments, the minimum amount that must be accumulated in the Segment Holding Account before it will be swept into a 1-year Segment varies as follows:

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For EQUI-VEST^® (Series 201), EQUI-VEST Employer-Sponsored Retirement Plans (Series 100) and EQUI-VEST^® Employer-Sponsored Retirement Plans (Series 200) TSA and EDC contracts only, EQUI-VEST^® Strategies (Series 900) and EQUI-VEST^® Strategies (Series 901) contracts, the minimum amount that must be in the Segment Holding Account for a 1-year Segment before it will be transferred into a new 1-year Segment is $5.00 in most states. Please contact the customer service group referenced in the Prospectus or your financial professional for information on state availability. Also see “Appendix” State contract availability and/or variations of certain features and benefits” for more information on state variations to the minimum amount that must be accumulated in the Segment Holding Account before it will be swept into a 1-year Segment.

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EQUI-VEST^® Vantage^SM contracts, the minimum amount that must be in the Segment Holding Account for a 1-year Segment before it will be transferred into a new 1-year Segment is $1,000.

(2) Segment is available. We may suspend or terminate any Segment Type, at our sole discretion, at any time. If we terminate a Segment Type, no new Segments of that Segment Type will be created, and the amount that would have been transferred to the Segment will be transferred to the EQ/Money Market variable investment option instead. If we suspend a Segment Type, no new Segments of that Segment Type will be created until the suspension ends, and the amount that would have been transferred to the Segment will remain in the Segment Holding Account.

(3) Segment Maturity Date Requirement is met. The Segment Maturity Date must occur on or before the contract maturity date. If the Segment Maturity Date is after the EQUI-VEST^® contract maturity date, your account value in the Segment Holding Account will be transferred to the EQ/Money Market variable investment option.

(4) Performance Cap Threshold is met. When you allocate a contribution or transfer to a Segment Type, you may specify a Performance Cap Threshold in a whole percentage rate of 6%, 7%, 8% or 9%. Your value in the Segment Holding Account will not be transferred into the corresponding Segment unless the Performance Cap Rate we declare on the Segment Start Date is equal to or higher than your Performance Cap Threshold, and the other participation requirements are met.

For example, you may specify a Performance Cap Threshold of 8.0%. If we set a Performance Cap Rate of 8.0% or higher for the next available Segment of that Segment Type, then we will transfer the applicable account value to the new

Segment, provided all other requirements and conditions are met. However, if we set the Performance Cap Rate at 7.9% for that Segment, the applicable account value would not be transferred to the new Segment and your account value will remain in the Segment Holding Account, until the next available Segment for which your threshold is met.

~~If you specify a Performance Cap Threshold, it will remain in effect until you change it.~~

If you do not specify a Performance Cap Threshold, then we will transfer your account value from the ~~General~~Segment Holding Account ~~assets and~~into a Segment, regardless of how low the Performance Cap Rate may be if the other ~~separate accounts~~participation requirements are met.

~~Once your account value has been swept from a Segment Holding Account into a Segment, transfers into or out of that Segment before its Segment Maturity Date are not permitted.~~

We permit you, but do not require you, to specify a Performance Cap Threshold so that you have additional flexibility in managing your contract. We do not require that you select a Performance Cap Threshold because you may wish to invest in a Segment regardless of the ~~Company.~~particular Performance Cap Rate. If you do not specify a threshold, you risk the possibility that the Performance Cap Rate established will have a lower cap on returns than you would otherwise find acceptable. You may wish to discuss with your financial professional whether to specify a Performance Cap Threshold and, if so, at what percentage.

You will receive confirmation of any Performance Cap Threshold you set that indicates the date on which the Performance Cap Threshold expires. You can also monitor your Performance Cap Thresholds, including their expiry dates, using Equitable Client portal.

~~Segment Maturity Date~~

Your Segment Maturity Date is generally the first Segment Business Day occurring after the 13th day of the same month as the Segment Start Date in the calendar year in which the Segment Duration ends. However, the Segment Maturity Date in a particular month may be a later date under certain circumstances. Please see “Setting the Segment Maturity Date and Segment Start Date” below.

You may tell us how to allocate the Segment Maturity Value among the investment options. You may tell us either to follow your allocation instructions on file for new contributions, to withdraw all or a portion of your Segment Maturity Value, or to transfer your Segment Maturity Value to the next available Segment, provided the participation requirements are met.

~~Segment Maturity Value — the value of your investment in a Segment on the Segment Maturity Date.~~

As stated above, you may elect to have maturing Segments invested according to your allocations on file. You may also elect to transfer all or a portion of your Segment Maturity Value to the next available Segment. The ~~Company owns~~designated portion

of your Segment Maturity Value will be transferred to the ~~assets~~Segment Holding Account, as of the close of business on the Segment Maturity Date. Assuming that all participation requirements are met, the designated amounts will be treated like any other amounts in ~~MONY America Variable~~a Segment Holding Account. On the next Segment Start Date, the designated amounts in the Segment Holding Account A.will be transferred into the Segment. Typically, this means the designated amounts would be held in a Segment Holding Account for one business day.

If you have not provided us with maturity instructions, the Segment Maturity Value will be transferred to the Segment Holding Account. Your Segment Maturity Value would then be transferred from that Segment Holding Account into the next Segment on the Segment Start Date. If the next Segment to be created would not meet the Segment Maturity Date Requirement or the Segment Type has been terminated, we will instead transfer your Segment Maturity Value to the EQ/Money Market variable investment option. Alternatively, if you designate a Performance Cap Threshold that is not met on the next Segment Start Date or if the Segment Type has been suspended, your Segment Maturity Value will remain in the Segment Holding Account. If you are impacted by these delays, you may transfer your Segment Maturity Value out of the Segment Holding Account into any other investment options available under your EQUI-VEST^® contract at any time before the next month’s Segment Start Date.

~~Segment Maturity Value~~

On the Segment Maturity Date, we calculate your Segment Maturity Value using your Segment Investment and the Segment Rate of Return. The ~~Company~~Segment Rate of Return is ~~required~~equal to ~~keep assets~~the Index Performance Rate (the percentage change in ~~MONY America Variable Account A that equal~~ the ~~total market~~ value of the ~~contract liabilities funded~~related Index from the Segment Start Date to the Segment Maturity Date), subject to the Performance Cap Rate and Segment Buffer, as follows:


If the Index Performance Rate:		Your Segment Rate of Return will be:
goes up by more than the Performance Cap Rate		positive, equal to the Performance Cap Rate
goes up by less than the Performance Cap Rate		positive, equal to the Index Performance Rate
stays flat or goes down by a percentage equal to or less than the Segment Buffer		equal to 0%
goes down by a percentage greater than the Segment Buffer		negative, to the extent of the percentage exceeding the Segment Buffer

~~Your Segment Maturity Value is calculated as follows:~~

We multiply your Segment Investment by ~~MONY America Variable~~your Segment Rate of Return to get your Segment Return Amount. Your Segment Maturity Value is equal to your Segment Investment plus your Segment Return Amount. Your Segment Return Amount may be negative, in which case your Segment Maturity Value will be less than your Segment

Investment. All of these values are based on the value of the relevant Index on the Segment Start Date and the Segment Maturity Date. Any fluctuations in the value of the Index between those dates is ignored in calculating the Segment Maturity Value.

For example, assume that you invest $1,000 in the S&P 500 Price Return Index, one year Segment with a -10% Segment Buffer, we set the Performance Cap Rate for that Segment at 7%, and you make no withdrawal from the Segment. If the S&P 500 Price Return Index performance rate is 10% on the Segment Maturity Date, you will receive a 7% Segment Rate of Return, and your Segment Maturity Value would be $1,070. We reach that amount as follows:

~~The Index Performance Rate (10%) is greater than the Performance Cap Rate (7%), so the Segment Rate of Return (7%) is equal to the Performance Cap Rate.~~

~~The Segment Return Amount ($70) is equal to the product of the Segment Investment ($1,000) multiplied by the Segment Rate of Return (7%).~~

~~The Segment Maturity Value ($1,070) is equal to the Segment Investment ($1,000) plus the Segment Return Amount ($70).~~

If the S&P 500 Price Return Index is only 5% higher on the Segment Maturity Date than on the Segment Start Date, then you will receive a 5% Segment Rate of Return, and your Segment Maturity Value would be $1,050. We reach that amount as follows:

~~The Index Performance Rate (5%) is less than the Performance Cap Rate (7%), so the Segment Rate of Return (5%) is equal to the Index Performance Rate.~~

~~The Segment Return Amount ($50) is equal to the product of the Segment Investment ($1,000) multiplied by the Segment Rate of Return (5%).~~

~~The Segment Maturity Value ($1,050) is equal to the Segment Investment ($1,000) plus the Segment Return Amount ($50).~~

If the S&P 500 Price Return Index is -10% lower on the Segment Maturity Date than on the Segment Start Date, then you will receive a 0% Segment Rate of Return, and your Segment Maturity Value would be $1,000. We reach that amount as follows:

~~The Index Performance Rate is -10% and the Segment Buffer absorbs the first -10% of negative performance, so the Segment Rate of Return is 0%.~~

~~The Segment Return Amount ($0) is equal to the product of the Segment Investment ($1,000) multiplied by the Segment Rate of Return (0%).~~

~~The Segment Maturity Value ($1,000) is equal to the Segment Investment ($1,000) plus the Segment Return Amount ($0).~~

If the S&P 500 Price Return Index is -20% lower on the Segment Maturity Date than on the Segment Start Date, then you will receive a -10% Segment Rate of Return, and your Segment Maturity Value would be $900. We reach that amount as follows:

~~The Index Performance Rate is -20% and the Segment Buffer absorbs the first -10% of negative performance, so the Segment Rate of Return is -10%.~~

~~The Segment Return Amount (-$100) is equal to the product of the Segment Investment ($1,000) multiplied by the Segment Rate of Return (-10%).~~

~~The Segment Maturity Value ($900) is equal to the Segment Investment ($1,000) plus the Segment Return Amount (-$100).~~

~~Setting the Segment Maturity Date and Segment Start Date~~

There will be a Segment Maturity Date and Segment Start Date each month. The Segment Maturity Date for Segments maturing in a given month and the Segment Start Date for new Segments starting in that same month will always be scheduled to occur on the first two consecutive business days that are also Segment Business Days occurring after the 13th of a month.

~~Please see Appendix III later in this prospectus for a demonstration of the effects weekends and scheduled holidays can have on the Segment Maturity Date and the Segment Start Date.~~

Effect of an emergency close. It is possible that an exchange could experience an emergency close on a Segment Business Date, thereby affecting the Index’s ability to publish a price and our ability to mature or start a Segment based on the Index. If the New York Stock Exchange (“NYSE”), experiences an emergency close and cannot publish any prices, we will delay the maturity or start of all Segments.

~~An emergency closure of the NYSE can have a different effect if it occurs on a Segment Maturity Date rather than a Segment Start Date.~~

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If an emergency closure of the NYSE occurs on a scheduled Segment Maturity Date, then the Segment Maturity Date for that Segment will be delayed until the next Segment Business Day. The next Segment Business Day would be the Segment Start Date. If the emergency closure only lasted that one day, the Segment Start Date and the Segment Maturity Date for the affected Segment would occur on the same day.

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For example, assume Monday the 14th is the scheduled Segment Maturity Date in a given month. If the NYSE does not open due to an emergency condition, there would be no reference price that day for the Index. A Segment that was scheduled to mature on the 14th of that month could not mature, because we would not have a price with which to calculate the Segment Maturity Value. This would mean if the NYSE opens on

Tuesday the 15th the Segment Maturity Date would be Tuesday the 15th. However, the Segment Start Date for a new Segment created that month would be Tuesday the 15th.

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If an emergency closure occurs on a scheduled Segment Start Date, then we would not create a Segment that utilizes the Index. Consequently, Segment Maturity Values designated for the Segment Type that utilizes the Index would not be allocated to a Segment that month and would remain in the Segment Holding Account.

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For example, assume that the NYSE did not open on the 14th or the 15th. A Segment that utilizes the Index would be matured at the next available price after the 15th and, consequently, could not participate in a Segment established for that month. The resulting Segment Maturity Values would remain in the Segment Holding Account until the following month or until you provided further instruction.

If the conditions that cause an emergency close persist, we will use reasonable efforts to calculate the Segment Maturity Value of an affected Segment. If the Index cannot be priced within eight days, we will contact a calculating agency, normally a bank we have a contractual relationship with, which will determine a price to reflect a reasonable estimate of the Index level.

~~Suspension, Termination and Changes to the Segment Type and Index~~

We may decide at any time until the close of business on each Segment Start Date whether to offer the Segment Type described in this Prospectus on a Segment Start Date for a particular Segment. We may suspend the Segment Type for a month or a period of several months, or we may terminate the Segment Type entirely.

If the Segment Type is suspended, your account value will remain in the Segment Holding Account ~~A. Realized~~until a Segment of the Segment Type is offered or ~~unrealized WHO IS MONY LIFE INSURANCE COMPANY OF AMERICA? 12 income~~you transfer out of the Segment Holding Account.

If the Segment Type is terminated, your account value in the Segment Holding Account will be defaulted into the EQ/Money Market variable investment option on the date that would have been the Segment Start Date.

We have the right to substitute an alternative index prior to the Segment Maturity Date if the publication of the Index is discontinued or at our sole discretion we determine that our use of such Index should be discontinued or if the calculation of the Index is substantially changed. In addition, we reserve the right to use any or all reasonable methods to end any outstanding Segments that use the Index. We also have the right to add additional indices at any time. We would provide notice about the use of additional or alternative indices, as soon as practicable, in a supplement to this Prospectus. If an alternative index is used, its performance could impact the Index Performance Rate, Segment Rate of Return, Segment Maturity Value and Segment Interim Value.

An alternative index would not change the Segment Buffer or Performance Cap Rate for an existing Segment. If a similar index cannot be found, we will end the affected Segments prematurely by applying the Performance Cap Rate and Segment Buffer that were established on the applicable Segment Start Date to the actual gains or losses on the original Index as of ~~MONY America Variable Account A are credited or charged against MONY America Variable Account A assets without regard~~the date of termination. We would attempt to choose a substitute index that has a similar investment objective and risk profile to the other income, gains or losses of the Company. Reserves and other liabilities under the contracts are assets of MONY America Variable Account A. MONY America Variable Account A assets are not chargeable with liabilities of the Company's other businesses. The assets of MONY America Variable Account A are, however, available to cover the liabilities of our General Account to the extent that the assets of MONY America Variable Account A exceed the liabilities of the contracts supported by it. The amount of some of our obligations under the Contracts is based on the assets in MONY America Variable Account A. However, the obligations themselves are obligations of the Company. MONY America Variable Account A was authorized by the Board of Directors of the Company and established under Arizona law on March 27, 1987. MONY America Variable Account A is registered under the Investment Company Act of 1940 ("the 1940 Act") and is registered and classified under that act as a "unit investment trust". The SEC, however, does not manage or supervise the Company or MONY America Variable Account A. Although MONY America Variable Account A is registered, the Securities and Exchange Commission (the "SEC") does not monitor the activity of MONY America Variable Account A on a daily basis. The Company is not required to register, and is not registered, as an investment company under the 1940 Act. A unit investment trust is a type of investment company. For state law purposes, MONY America Variable Account A is treated as a part or division of the Company. MONY America Variable Account A is divided into subdivisions called subaccounts. Each subaccount invests only in shares of a designated portfolio of the Funds.replaced index. For example, if the ~~EQ/Core Bond~~S&P 500 Price Return Index Subaccount invests solely in shares of the EQ Advisors Trust EQ/Core Bond Index Portfolio. These portfolios serve only as the underlying investment for variable annuity and variable life insurance contracts issued through separate accounts of the Company or other life insurance companies. The portfolios may also be available to certain pension accounts. The portfolios arewas not available, ~~directly to individual investors. Income and realized and unrealized gains~~we might use the NASDAQ or ~~losses from assets of each subaccount are credited to or charged against that subaccount without regard to income, gains or losses in~~ the ~~other subaccounts, our General Account, or any other separate accounts.~~ Russell 2000^® Price Return Index.

We reserve the right to ~~credit~~offer the Segment Type less frequently than monthly or ~~charge~~to stop offering it or to suspend offering it temporarily. If we stop offering or suspend the Segment Type, each existing Segment of the Segment Type will remain invested until its respective Segment Maturity Date.

~~Your account value in the Structured Investment Option~~

~~Your value in each Segment on the Segment Maturity Date is calculated as described under “Segment Rate of Return” earlier in this Prospectus.~~

In setting the Performance Cap Rate that we use in calculating the Segment Maturity Value, we assume that you are going to hold a ~~subaccount~~Segment until the Segment Maturity Date. However, you have the right to access amounts in the Segments before the Segment Maturity Date under certain circumstances. Therefore, we calculate a Segment Interim Value on each business day, which is also a Segment Business Day, between the Segment Start Date and the Segment Maturity Date. The method we use to calculate the Segment Interim Value is different than the method we use to calculate the value of the Segment on the Segment Maturity Date. Prior to the Segment Maturity Date, we use the Segment Interim Value to calculate (1) your account value; (2) the amount your beneficiary would receive as a death benefit; (3) the amount you would receive if you make a withdrawal or a loan from a Segment; (4) the amount you would receive if you surrender your EQUI-VEST^® contract; or (5) the amount you would receive if you cancel your EQUI-VEST^® contract; and return it to us for a refund within your state’s “free look” period (unless your state requires that we refund the full amount of your contribution upon cancellation).

~~Segment Interim Value — the value of your investment in a ~~different manner if required, or appropriate, by reason~~Segment prior to the Segment Maturity Date.~~

The Segment Interim Value is calculated based on a formula that provides a treatment for an early distribution that is designed to be consistent with how distributions at the end of a ~~change~~Segment are treated. Appendix I later in this Prospectus sets forth in detail the specific calculation formula as well as numerous hypothetical examples. The formula is calculated by adding the fair value of three components. These components provide us with a market value estimate of the

~~risk of loss and the possibility of gain at the end of a Segment. As detailed in Appendix I, these components are used to calculate the Segment Interim Value. The three components are:~~

(1)

Fair value of fixed instruments is calculated as the present value of the Segment Investment (using a risk-free swap interest rate for the remaining duration of the Segment). We use this component because we are forgoing the opportunity to earn interest on the Segment Investment by having to make an early distribution.

~~PLUS~~

(2)

Fair value of derivatives is calculated by using the Black Scholes model, as described in Appendix I, to value three hypothetical options (one put and two call options) on the index underlying the Segment. The put option is used to estimate the potential losses at Segment Maturity. The call options are used to estimate the potential gains at Segment Maturity. The value of these options also reflects the limits on positive performance (i.e., the Performance Cap Rate) and some protection against negative performance (i.e., the Segment Buffer).

~~PLUS~~

(3)

Cap calculation factor is a positive adjustment of the percentage of the estimated expenses corresponding to the portion of the Segment Duration that has not elapsed. This component reflects the fact that an early withdrawal from a Segment means that we no longer have to incur expected expenses associated with administering the Segment for the full period.

For all contracts with issue dates before June 24, 2024 and certain other contracts subject to state and other necessary approvals (see “Appendix: Segment Interim Value — Performance Cap Rate limiting factor” for a table showing which contracts still use a Performance Cap Rate limiting factor), we then compare the sum of the three components above with a limitation based on the Performance Cap Rate referred to as the Performance Cap Rate limiting factor. For these contracts, the Segment Interim Value is never greater than the Segment Investment multiplied by the portion of the Performance Cap Rate corresponding to the portion of the Segment Duration that has elapsed. This limitation is imposed to discourage owners from withdrawing from a Segment before the Segment Maturity Date where there may have been significant increases in the ~~law. In~~relevant Index early in the ~~future,~~Segment Duration. For more information, please see Appendix I.

Even if the Index has experienced positive investment performance since the Segment Start Date, because of the factors we take into account in the calculation above, your Segment Interim Value may be lower than your Segment Investment.

~~Structured Investment Option’s charges and expenses~~

~~Adjustments with respect to early surrender or other distribution from Segments~~

~~We use the Segment Interim Value when a surrender or other distribution (including loans and charges) is taken, from a~~

Segment prior to the Segment Maturity Date. The Segment Interim Value is calculated based on a formula that provides a treatment for an early distribution that is designed to be consistent with how distributions at the end of a Segment are treated. For more information on the calculation of the Segment Interim Value, please see Appendix I.

~~How we deduct EQUI-VEST^® contract charges from the Structured Investment Option~~

~~Electing the Structured Investment Option changes how certain charges under your EQUI-VEST^® contract are allocated and administered.~~

~~Separate account annual expenses~~

Under the provisions of your EQUI-VEST^® contract, we deduct a daily charge(s) from the net assets in each variable investment option and Segment Holding Account to compensate us for mortality and expense risks and other expenses. The Segment Holding Account is part of the EQ/Money Market variable investment option available under your EQUI-VEST^® contract.

For amounts held in the Segment Holding Account, we may waive this charge(s) under certain conditions on a non-guaranteed basis. If the return on the EQ/Money Market variable investment option on any day is positive, but lower than the amount of this charge(s), then we will waive the difference between the two, so that you do not receive a negative return. If the return on the EQ/Money Market variable investment option on any day is negative, we will waive this charge(s) entirely for that day, although your account value would be reduced by the negative performance of the EQ/Money Market variable investment option itself. This waiver applies only to amounts held in the Segment Holding Account portion of the EQ/Money Market variable investment option and is not a fee waiver or performance guarantee for the underlying EQ/Money Market Portfolio. We reserve the right to change or cancel this provision at any time. For more information, please see “Charges and Expenses” in ~~compliance with~~your EQUI-VEST^® variable annuity prospectus.

~~Annual administrative charge~~

The annual administrative charge, if any, will be deducted pro rata from the ~~laws that apply,~~account value in the investment options on the last business day of each contract year as described in your EQUI-VEST^® contract prospectus. If there is insufficient value or no value in those options, the charge will then be deducted from the Segment Holding Account, and then pro rata from the Segments.

~~Enhanced death benefit charge~~

~~(for EQUI-VEST^® Strategies Series 900 and 901 contracts)~~

The charge is deducted pro rata from the investment options as described in your EQUI-VEST^® contract prospectus. If those amounts are insufficient, we will make up the required amounts from the Segment Holding Account and then pro rata from the Segments.

If your account value is insufficient to ~~establish additional subaccounts; eliminate subaccounts; combine two or more subaccounts;~~pay this charge, your certificate issued under the EQUI-VEST^® Strategies contract will terminate without value and you will lose any applicable guaranteed benefits.

~~Transfers~~

Under your EQUI-VEST^® contract, you may at any time before the date annuity payments are to begin, transfer the assets we determine to be the shares of the class of contracts to which the contracts belong from any subaccount to another subaccount; restrict or eliminate any voting rights as to the MONY America Variable Account A; and cause one or more subaccounts to invest some or all of ~~their assets in one or more other trusts or~~your account value among the investment ~~companies~~options, subject to the following current limitations:

~~You may not transfer out of ~~MONY America Variable Account A if marketing needs, tax conditions or investment conditions warrant. Future subaccounts~~a Segment before its Segment Maturity Date.~~

You may ~~invest in other portfolios~~not transfer out of the ~~Funds or in other securities, as permitted by applicable law. Any new subaccounts may be made available to existing contracts~~Segment Holding Account on a ~~basis to~~Segment Start Date.

A contribution or transfer into the Segment Holding Account on a Segment Start Date will not be ~~determined by us. If any of these changes are made, we~~transferred into the Segment that is created on that Segment Start Date. Your money will be transferred into a Segment on the following month’s Segment Start Date, provided you meet the participation requirements.

You may ~~by appropriate endorsement, change~~not contribute or transfer money into the Contract to reflect the change. 13 WHO IS MONY LIFE INSURANCE COMPANY OF AMERICA? 3. THE FUNDS -------------------------------------------------------------------------------- Each available subaccount of MONY America VariableSegment Holding Account ~~A will invest only~~and designate a Segment Start Date. The account value in the ~~shares~~Segment Holding Account will be transferred on the first Segment Start Date on which you meet the participation requirements.

You may not contribute or transfer into the Segment Holding Account if the Segment Maturity Date of the ~~Funds. We offer both affiliated and unaffiliated Funds, which in turn offer one or more portfolios. There is a separate subaccount which corresponds to each portfolio of a Fund offered under~~Segment that will be created on the ~~Contract. AXA Equitable Funds Management Group, LLC, a wholly owned subsidiary of AXA Equitable, serves as~~Segment Start Date would be after the ~~investment manager of~~contract maturity date (the contract date anniversary that follows the portfolios of AXA Premier VIP Trust and EQ Advisors Trust. For some portfolios, AXA Equitable Funds Management Group, LLC has entered into sub-advisory agreements with investment advisers (the "sub-advisers") to carry out the day-to-day investment decisions for the portfolios. As such, AXA Equitable Funds Management Group, LLC oversees the activities of the sub-advisers with respect to the Trusts and is responsible for retaining or discontinuing the services of those sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio, if any. The chart below also shows the currently available portfolios and their investment objectives. annuitant’s/participant’s 95th birthday).

You should be aware that AXA Advisors, LLC and AXA Distributors, LLC (together, the "Distributors") receive 12b-1 fees from affiliated portfolios for providing certain distribution and/or shareholder support services. These fees willmay not ~~exceed 0.25% of the portfolios' average daily net assets. The affiliated portfolios' sub-advisers and/or their affiliates also~~ contribute to the ~~cost of expenses for sales meetings~~Segment Holding Account or ~~seminar sponsorships that may relate~~transfer to the ~~policies and/~~Segment Holding Account or a Segment if the ~~sub-advisers' respective portfolios. It may~~total number of Segments plus the Segment Holding Account that would be ~~more profitable for us to offer affiliated portfolios~~active in your contract after such contribution or transfer would be greater than to offer unaffiliated portfolios. The Funds are registered with the SEC under the 1940 Act. The Funds, or any of them, may withdraw from sale any or all the respective portfolios as allowed by applicable law. Not all Funds may be available in all states or in all markets. AXA Equitable or the Distributors may directly or indirectly receive 12b-1 fees and additional payments from certain unaffiliated portfolios, their advisers, sub-advisers, distributors or affiliates, for providing certain administrative, marketing, distribution and/or shareholder support services. These fees and payments range from 0% to 0.60% of the unaffiliated portfolios' average daily net assets. The Distributors may also receive payments13. If a transfer from the ~~advisers or sub-advisers of the unaffiliated portfolios or their affiliates for certain distribution services, including expenses for sales meetings or seminar sponsorships that may relate~~Segment Holding Account into a Segment will cause a contract to exceed this limit, such transfers will be defaulted to the ~~contracts~~EQ/Money Market variable investment option.

~~Transfers from the Segment Holding Account to a Segment will not occur if you do not meet the participation requirements. See “Segment Participation Requirements” earlier in this section.~~

•

If your EQUI-VEST^® contract permits Dollar cost averaging (“DCA”) and/or the Special dollar cost averaging (“Special DCA”) programs, you can elect to have the DCA or Special DCA systematically transfer amounts over time to the Segment Holding Account. A fixed-dollar amount (or interest credited in the guaranteed interest option under DCA) will be transferred from the guaranteed interest option or the account for Special DCA into the Segment Holding Account on a monthly basis subject to the following current limitations:

—

The first transfer out of the guaranteed interest option or the Account for Special DCA into the

Segment Holding Account will occur on the last business day of that month, and future transfers from the guaranteed interest option or the account for Special DCA into the Segment Holding Account will occur on the last business day of each month.

—

The duration of Dollar cost averaging, if a fixed dollar amount is elected, will be until there is a zero balance in the guaranteed interest option.

—

The duration of the Special DCA program, if elected, cannot exceed 12 months.

—

The DCA or Special DCA can be cancelled at any time.

—

If the DCA or Special DCA is cancelled, you have the option to transfer out of the Segment Holding Account into any of the investment options. Any amounts not transferred out will be swept into the currently available Segment on the Segment Start Date.

—

Generally, allocations into a Segment will occur on the close of business on the 15th of each month.

—

The rebalancing program feature in your EQUI-VEST^® contract is not available for amounts allocated to the Segment Holding Account or to any Segment.

Upon advance notice to you, via a client communication mailing, we may change or establish additional restrictions on transfers among the ~~advisers' respective portfolios. As a contract owner, you may bear~~investment options, including limitations on the ~~costs~~number, frequency, or dollar amount of ~~some or all of these fees and payments through~~transfers. We currently do not impose any transfer restrictions among the investment options. A transfer request does not change your ~~indirect investment~~allocation instructions on file. Please see our current transfer restrictions as discussed under “Disruptive transfer activity” section in the portfolios. (See the portfolios' prospectuses for more information.) These fees and payments will reduce the underlying portfolios' investment returns. AXA Equitable may profit from these fees and payments. AXA Equitable considers the availability of these fees and payment arrangements during the selection process for the underlying portfolios. These fees and payment arrangements may create an incentive for us to select portfolios (and classes of shares of portfolios) that pay us higher amounts. You should note that some portfolios have objectives and strategies that are substantially similar to those of certain funds that are purchased directly rather than under aapplicable variable insurance product such as the Contract. These portfolios may even have the same manager(s) and/or a similar name. However, there are numerous factors that can contribute to differences in performance between two investments, particularly over short periods of time. Such factors include fees; the timing of stock purchases and sales; differences in fund cash flows; and specific strategies employed by the portfolio manager. The AXA Allocation Portfolios offerannuity contract owners a convenient opportunity to invest in other portfolios that are managed and have been selected for inclusion in the AXA Allocation Portfolios by AXA Equitable Life Insurance Company ("AXA Equitable"), the investment manager of the AXA Premier VIP Trust and EQ Advisors Trust. AXA Advisors, LLC, an affiliated broker-dealer of the Company, may promote the benefits of such portfolios to contract owners and/or suggest, incidental to the sale of this Contract, that contract owners consider whether allocating some or all of their account value to such portfolios is consistent with their desired investment objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject to conflicts of interest insofar as AXA Equitable may derive greater revenues from the AXA Allocation Portfolios than certain other portfolios available to you under your Contract. prospectus.

Please see ~~"Payment~~“Allocating your contributions” in “Contract features and ~~allocation of Purchase Payment"~~benefits” in ~~"Detailed information about the Contract"~~your EQUI-VEST^® variable annuity prospectus for more information about your role in managing your allocations.

~~Loans~~

~~If your employer’s plan permits loans, in addition to the loan provisions stated in your contract, should you need to fund your loan from a Segment(s), please note the following:~~

~~The Segment Interim Value will be used when calculating amounts available from a Segment for your loan.~~

------------------------------------------------------------------------------------------------------------------------------------ AXA PREMIER VIP TRUST INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME SHARE CLASS OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ AXA AGGRESSIVE ALLOCATION(1) Class B Seeks long-term capital appreciation. o AXA Equitable Funds Management Group, LLC ------------------------------------------------------------------------------------------------------------------------------------ AXA CONSERVATIVE ALLOCATION(1) Class B Seeks
•		As your loan is repaid, amounts taken from a high level of current income. o AXA Equitable Funds Management Group, LLC ------------------------------------------------------------------------------------------------------------------------------------ AXA CONSERVATIVE-PLUS Class B Seeks current incomeSegment for your loan cannot be allocated back into that Segment. The loan repayment amounts will be allocated to the guaranteed interest option. Please read your EQUI-VEST^® contract and ~~growth of capi- o AXA Equitable Funds Management ALLOCATION(1) tal,~~your EQUI-VEST^® contract’s prospectus for further loan provisions and requirements. You should also read the terms and conditions in the loan request form carefully, as well as consult with a ~~greater emphasis~~tax advisor before taking a loan.

—

For EQUI-VEST^® Strategies (Series 901) contracts issued under new plans on current Group, LLC income. ------------------------------------------------------------------------------------------------------------------------------------ AXA MODERATE ALLOCATION(1) Class B Seeks long-term capital appreciationor after October 24, 2011 (subject to state availability), the loan repayment amounts will be allocated to the Segment Holding Account.

~~How distributions, including withdrawals and loans, are taken from your account value under the Structured Investment Option~~

~~When you elect the Structured Investment Option, unless you specify otherwise, we will subtract your withdrawals and loans as follows:~~

•

Withdrawals and o AXA Equitable Funds Management current income. Group, LLC ------------------------------------------------------------------------------------------------------------------------------------

~~THE FUNDS 14~~
------------------------------------------------------------------------------------------------------------------------------------ AXA PREMIER VIP TRUST INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME SHARE CLASS OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ ~~AXA MODERATE-PLUS Class B Seeks long-term capital appreciation~~loans will be taken on a pro rata basis from your value in the investment options as described in your EQUI-VEST^® contract prospectus and o AXA Equitable Funds Management ALLOCATION(1) current income, with a greater emphasis Group, LLC on capital appreciation. ------------------------------------------------------------------------------------------------------------------------------------ MULTIMANAGER MULTI-SECTOR Class A Seeks high total return through a combi- o Pacific Investment Management Company BOND nationthe loan request form. If there is insufficient value or no value in those investment options, any additional amount of current income and capital LLC appreciation. o Post Advisory Group, LLC o SSgA Funds Management, Inc. ------------------------------------------------------------------------------------------------------------------------------------ MULTIMANAGER SMALL CAP Class B Seeks long-term growth of capital. o AXA Equitable GROWTH o BlackRock Investment Management, LLC o Morgan Stanley Investment Management, LLC o NorthPointe Capital, LLC o Wells Capital Management Inc. ------------------------------------------------------------------------------------------------------------------------------------ EQ ADVISORS TRUST INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME SHARE CLASS OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ ALL ASSET ALLOCATION Class IB Seeks long-term capital appreciation and o AXA Equitable Funds Management current income. Group, LLC ------------------------------------------------------------------------------------------------------------------------------------ EQ/ALLIANCEBERNSTEIN SMALL Class IA Seeks to achieve long-term growth of o AllianceBernstein L.P. CAP GROWTH capital. ------------------------------------------------------------------------------------------------------------------------------------ EQ/BLACKROCK BASIC VALUE Class IB Seeks to achieve capital appreciation and o BlackRock Investment Management, LLC EQUITY secondarily, income. ------------------------------------------------------------------------------------------------------------------------------------ EQ/BOSTON ADVISORS EQUITY Class IB Seeks a combination of growth and o Boston Advisors, LLC INCOME income to achieve an above-average and consistent total return. ------------------------------------------------------------------------------------------------------------------------------------ EQ/CALVERT SOCIALLY Class IB Seeks to achieve long-term capital appre- o Bridgeway Capital Management, Inc. RESPONSIBLE ciation. o Calvert Investment Management, Inc. ------------------------------------------------------------------------------------------------------------------------------------ EQ/CAPITAL GUARDIAN RESEARCH Class IA Seeks to achieve long-term growth of o Capital Guardian Trust Company capital. ------------------------------------------------------------------------------------------------------------------------------------ EQ/CORE BOND INDEX Class IA Seeks to achieve a total return before o SSgA Funds Management, Inc. expenses that approximatesthe withdrawal or loan required or the total ~~return performance~~amount of the Barclays Capital Intermediate U.S. Government/Credit Index, including reinvestment of dividends, at a risk level consistent with thatwithdrawal or loan will be withdrawn from the Segment Holding Account. If there is insufficient value or no value in the Segment Holding Account, any additional amount of the Barclays Capital Intermediate U.S. Government/Credit Index. ------------------------------------------------------------------------------------------------------------------------------------ EQ/GAMCO MERGERS AND Class IB Seeks to achieve capital appreciation. o GAMCO Asset Management, Inc. ACQUISITIONS ------------------------------------------------------------------------------------------------------------------------------------ EQ/GAMCO SMALL COMPANY Class IB Seeks to maximize capital appreciation. o GAMCO Asset Management, Inc. VALUE ------------------------------------------------------------------------------------------------------------------------------------ EQ/GLOBAL MULTI-SECTOR EQUITY Class IA Seeks to achieve long-term capital appre- o AXA Equitable Funds Management ciation. Group, LLC o BlackRock Investment Management, LLC o Morgan Stanley Investment Management Inc. ------------------------------------------------------------------------------------------------------------------------------------
~~15 THE FUNDS~~
------------------------------------------------------------------------------------------------------------------------------------ EQ ADVISORS TRUST INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME SHARE CLASS OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ ~~EQ/INTERMEDIATE GOVERNMENT Class IA Seeks to achieve a total return before o SSgA Funds Management, Inc. BOND INDEX expenses that approximates~~withdrawal or loan required or the total ~~return performance~~amount of the ~~Barclays Capital Intermediate U.S. Government Bond Index, including reinvestment of dividends, at~~withdrawal or loan will be withdrawn from the Segment(s) on a risk level consistent with that of the Barclays Capital Intermediate U.S. Govern- ment Bond Index. ------------------------------------------------------------------------------------------------------------------------------------ EQ/LARGE CAP VALUE INDEX(2) Class IA Seeks to achieve a total return before o SSgA Funds Management, Inc. expenses that approximates the total return performance of the Russell 1000 Value Index, including reinvestment of dividends, at a risk level consistent with that of the Russell 1000 Value Index. ------------------------------------------------------------------------------------------------------------------------------------ EQ/LARGE CAP VALUE PLUS Class IA Seeks to achieve long-term growth of o AllianceBernstein L.P. capital. o AXA Equitable Funds Management Group, LLC ------------------------------------------------------------------------------------------------------------------------------------ EQ/LORD ABBETT GROWTH AND Class IA Seeks to achieve capital appreciation and o Lord, Abbett & Co. LLC INCOME (3) growth of income without excessive fluc- tuation in market value. ------------------------------------------------------------------------------------------------------------------------------------ EQ/MID CAP INDEX Class IA Seeks to achieve a total return before o SSgA Funds Management, Inc. expenses that approximates the total return performance of the S&P Mid Cap 400 Index, including reinvestment of divi- dends, at a risk level consistent with that of the S&P Mid Cap 400 Index. ------------------------------------------------------------------------------------------------------------------------------------ EQ/MID CAP VALUE PLUS Class IA Seeks to achieve long-term capital appre- o AXA Equitable Funds Management ciation. Group, LLC o BlackRock Investment Management, LLC o Wellington Management Company, LLP ------------------------------------------------------------------------------------------------------------------------------------ EQ/MONEY MARKET Class IA Seeks to obtain a high level of current o The Dreyfus Corporation income, preserve its assets and maintain liquidity. ------------------------------------------------------------------------------------------------------------------------------------ EQ/MONTAG & CALDWELL Class IB Seeks to achieve capital appreciation. o Montag & Caldwell, LLC GROWTH ------------------------------------------------------------------------------------------------------------------------------------ EQ/MORGAN STANLEY MID CAP Class IA Seeks to achieve capital growth. o Morgan Stanley Investment Management GROWTH Inc. ------------------------------------------------------------------------------------------------------------------------------------ EQ/PIMCO ULTRA SHORT BOND Class IB Seeks to generate a return in excess of o Pacific Investment Management traditional money market products while Company, LLC maintaining an emphasis on preservation of capital and liquidity. ------------------------------------------------------------------------------------------------------------------------------------ EQ/SMALL COMPANY INDEX Class IA Seeks to replicate as closely as possible o AllianceBernstein L.P. (before the deduction of Portfolio expenses) the total return of the Russell 2000 Index. ------------------------------------------------------------------------------------------------------------------------------------ EQ/UBS GROWTH AND INCOME Class IB Seeks to achieve total return through capi- o UBS Global Asset Management tal appreciation with income as a (Americas) Inc. secondary consideration. ------------------------------------------------------------------------------------------------------------------------------------ FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST -- CLASS 2 INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ FRANKLIN INCOME SECURITIES The Fund's investment goal is to maximize income while o Franklin Advisers, Inc. FUND maintaining prospects for capital appreciation. ------------------------------------------------------------------------------------------------------------------------------------ pro rata basis.
~~THE FUNDS 16~~
------------------------------------------------------------------------------------------------------------------------------------ FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST -- CLASS 2 INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ FRANKLIN RISING DIVIDENDS Seeks long-term capital appreciation, with o Franklin Advisory Services, LLC SECURITIES FUND preservation of capital as an important consideration. ------------------------------------------------------------------------------------------------------------------------------------ INVESCO VARIABLE INSURANCE FUNDS -- SERIES I SHARES INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ INVESCO VAN KAMPEN V.I. GLOBAL Seeks long-term capital appreciation by investing o Invesco Advisers, Inc. (sub-advised by VALUE EQUITY primarily in equity securities of issuers Invesco Asset Management Limited). throughout the world, including U.S. issuers. ------------------------------------------------------------------------------------------------------------------------------------ INVESCO V.I. GLOBAL HEALTH CARE The fund's investment objective is capital growth. o Invesco Advisers, Inc. FUND ------------------------------------------------------------------------------------------------------------------------------------ INVESCO V.I. DIVIDEND GROWTH The fund's investment objective is to provide o Invesco Advisers, Inc. FUND(4) reasonable current income and long-term growth of income and capital. ------------------------------------------------------------------------------------------------------------------------------------ INVESCO V.I. TECHNOLOGY FUND The fund's investment objective is capital growth. o Invesco Advisers, Inc. ------------------------------------------------------------------------------------------------------------------------------------ JANUS ASPEN SERIES -- INVESTMENT MANAGER (OR SUB-ADVISER(S), INSTITUTIONAL SHARES OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ FORTY PORTFOLIO(5) Seeks long-term growth of capital. o Janus Capital Management, LLC ------------------------------------------------------------------------------------------------------------------------------------ OVERSEAS PORTFOLIO Seeks long-term growth of capital. o Janus Capital Management, LLC ------------------------------------------------------------------------------------------------------------------------------------ MFS(R) VARIABLE INSURANCE TRUST -- INVESTMENT MANAGER (OR SUB-ADVISER(S), INITIAL CLASS OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ MFS(R) UTILITIES SERIES To seek total return. o Massachusetts Financial Services Company ------------------------------------------------------------------------------------------------------------------------------------ OPPENHEIMER VARIABLE ACCOUNT INVESTMENT MANAGER (OR SUB-ADVISER(S), FUNDS -- SERVICE CLASS OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ OPPENHEIMER GLOBAL Seeks long-term capital appreciation. o OppenheimerFunds, Inc. SECURITIES FUND/VA ------------------------------------------------------------------------------------------------------------------------------------ PIMCO VARIABLE INSURANCE TRUST -- INVESTMENT MANAGER (OR SUB-ADVISER(S), ADMINISTRATIVE CLASS OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ GLOBAL BOND PORTFOLIO Seeks to maximize total return, consistent with o Pacific Investment Management (UNHEDGED) preservation of capital and prudent Company, LLC investment management. ------------------------------------------------------------------------------------------------------------------------------------ PROFUNDS VP INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME OBJECTIVE AS APPLICABLE) ------------------------------------------------------------------------------------------------------------------------------------ PROFUND VP BEAR Seeks daily investment results, before fees and o ProFund Advisors LLC expenses, that correspond to the inverse (opposite) of the daily performance of the S&P 500 Index. ------------------------------------------------------------------------------------------------------------------------------------ PROFUND VP RISING Seeks daily investment results, before fees and o ProFund Advisors LLC RATES OPPORTUNITY expenses, that correspond to the one and one-quarter times (125%) the inverse (opposite) of the daily price movement of the most recently issued 30-year U.S. Treasury Bond ("Long Bond"). ------------------------------------------------------------------------------------------------------------------------------------ PROFUND VP ULTRABULL Seeks daily investment results, before fees and o ProFund Advisors LLC expenses that correspond to twice (200%) the daily performance of the S&P 500 Index. ------------------------------------------------------------------------------------------------------------------------------------
~~(1) The "AXA Allocation" Portfolios (2) This Portfolio~~
You can specify a withdrawal or loan be taken from any investment option at any time. However, you can only request a withdrawal or loan be taken specifically from a Segment when there is zero value (meaning no money) in all other investment options and the Segment Holding Account.
If you have amounts in a Segment Holding Account and you make a withdrawal on a Segment Start Date, that withdrawal will become available on or about May 20, 2011. (3) Effective on or about May 20, 2011, subject to regulatory and shareholder approvals, interests in the EQ/Large Cap Value Index (the "surviving option") will replace interests in the EQ/Lord Abbett Growth and Income (the "replaced option"). We will move the assets from the replaced optionoccur before any transfer into the ~~surviving option~~Segment and that withdrawal amount will not be transferred into the Segment created on that date.
Withdrawals or loans from a Segment prior to your Segment Maturity Date reduce the Segment Investment on a pro rata basis by the same proportion that the Segment Interim Value is reduced on the date of the ~~scheduled merger. The value~~withdrawal. We use the Segment Investment to determine your Segment Maturity Value.
You can request, in advance of your interest in the surviving option will be the same as it was in the replaced option. We will also automatically direct any contributions made to a replaced option to the surviving option. Any allocation election to a replaced option will be considered as an allocation election to the surviving option. (4) On April 1, 2011, the shareholders of the Invesco V.I. Financial Services Fund approved the Agreement and Plan of Reorganization (the "Reorganization") between Invesco V.I. Financial Services Fund and Invesco V.I. Dividend Growth Fund to take place on or about April 29, 2011. Accordingly, interests in the Invesco V.I. Dividend Growth Fund (the "surviving option") replaced interests in the Invesco V.I. Financial Services Fund (the "replaced option"). On the date of the Reorganization, we moved the assets from the replaced option into the surviving option. The value of your interest in the surviving option is the same as it was in the corresponding replaced option. We will also automatically direct any contributions made to the replaced option to the surviving option. Any allocation election to the replaced option is considered an allocation election to the surviving option. Also, until our administrative systems are fully updated in June 2011, statements you receive from us may reflect the Invesco V.I. Financial Services Fund. 17 THE FUNDS (5) Unlike the other Funds, the Janus Aspen Forty Portfolio is a nondiversified, open-end management investment company. A nondiversified Fund may hold a larger position in a smaller number of securities than a diversified Fund. This means that a single security's increase or decrease in value may have a greater impact on the return and net asset value of a nondiversified Fund than a diversified Fund. YOU SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS AND CHARGES AND EXPENSES OF THE PORTFOLIOS CAREFULLY BEFORE INVESTING. SHARE CLASSES, WHERE APPLICABLE, ARE DEFINED IN THE CORRESPONDING FUND PROSPECTUS. THE PROSPECTUSES FOR THE FUND CONTAIN THIS AND OTHER IMPORTANT INFORMATION ABOUT THE PORTFOLIOS. THE PROSPECTUSES SHOULD BE READ CAREFULLY BEFORE INVESTING. IN ORDER TO OBTAIN COPIES OF FUND PROSPECTUSES THAT DO NOT ACCOMPANY THIS PROSPECTUS, YOU MAY CALL ONE OF OUR CUSTOMER SERVICE REPRESENTATIVES AT 1-800-487-6669. Each Owner should periodically review their allocation of Purchase Payments and Fund Values among the subaccounts and the Guaranteed Interest Account with Market Value Adjustment in light of their current objectives, the current market conditions, and the risks of investing in each of the Funds' various portfolios. A full description of the objectives, policies, restrictions, risks and expenses for each of the Funds' portfolios can be found in the prospectus for each of the Funds. THE FUNDS 18 PURCHASE OF PORTFOLIO SHARES BY MONY AMERICA VARIABLE ACCOUNT A MONY America Variable Account A will buy and redeem shares from the Funds at net asset value. Shares will be redeemed when needed for the Company to: o collect charges under the Contracts; o pay Cash Value on full surrenders of the Contracts; o fund partial surrenders; o provide benefits under the Contracts; or o transfer assets from one subaccount to another or between one or more subaccounts of MONY America Variable Account A and the Guaranteed Interest Account with Market Value Adjustment as requested by Owners. Any dividend or capital gain distribution received from a portfolio of a Fund will be: o reinvested immediately at net asset value in shares of that portfolio; or o kept as assets of the corresponding subaccount. -------------------------------------------------------------------------------- CASH VALUE -- The Contract's Fund Value, less (1) any applicable surrender charge, (2) any outstanding debt, and (3) any applicable market value adjustment. -------------------------------------------------------------------------------- Shares of the Funds are not sold directly to the general public. They are sold to the Company, and may be sold to other insurance companies that issue variable annuity and variable life insurance contracts. In addition, they may be sold to retirement plans. When a Fund sells shares in any of its portfolios both to variable annuity and to variable life insurance company separate accounts, it engages in mixed funding. When a Fund sells shares in any of its portfolios to separate accounts of unaffiliated life insurance companies, it engages in shared funding. Each Fund may engage in mixed and shared funding. Therefore, due to differences in redemption rates or tax treatment, or other considerations, the interests of various shareholders participating in a Fund could conflict. The Boards of Directors or Trustees of each of the Funds monitors the respective Fund for the existence of material irreconcilable conflict between the interests of variable annuity Owners and variable life insurance Owners. The Boards shall report any such conflict to the boards of the Company and its affiliates. The Boards of Directors of the Company and its affiliates have agreed to be responsible for reporting any potential or existing mixed and shared funding conflicts to the Directors and Trustees of each of the relevant Funds. The Boards of Directors of the Company and its affiliates will remedy any conflict at their own cost. The remedy may include establishing a new registered management investment company and segregating the assets underlying the variable annuity contracts and the variable life insurance contracts. The investment objectives and policies of certain portfolios are similar to the investment objectives and policies of other portfolios that may be managed by the same investment adviser or manager. The investment results of the portfolios, however, may be higher or lower than the results of such other portfolios. There can be no assurance, and no representation is made that the investment results of any of the portfolios will be comparable to the investment results of any other portfolio, even if the other portfolio has the same investment adviser or manager, or if the other portfolio has a similar name. 19 THE FUNDS 4. DETAILED INFORMATION ABOUT THE CONTRACT -------------------------------------------------------------------------------- The Fund Value in MONY America Variable Account A and in the Guaranteed Interest Account with Market Value Adjustment provide many of the benefits of your Contract. The information in this section describes the benefits, features, charges and major provisions of the Contract and the extent to which those depend upon the Fund Value, particularly the Fund Value in MONY America Variable Account A. There may be differences in your Contract such as differences in fees, charges, and benefits because of the state where we issued your Contract. We will include any such differences in your Contract. If we issued your Contract in the State of Washington, please see Appendix I. PAYMENT AND ALLOCATION OF PURCHASE PAYMENTS ISSUE AGES The issue ages for the two benefit option packages available under the Contract vary as per the table below. The maximum issue age of the Annuitant for Option 1 is 85. The maximum issue age of the Annuitant for Option 2 is 79. For Option 3, it was 79. -------------------------------------------------------------------------------- OPTION 1 OPTION 2 OPTION 3* -------------------------------------------------------------------------------- Annuitant Issue 0-85 0-79 0-79 Ages -------------------------------------------------------------------------------- * As of November 29, 2004, Option 3 is no longer available for new business. ISSUANCE OF THE CONTRACT Disclosure regarding contract issuance and minimum initial Purchase Payments is for informational purposes only. This Contract is no longer available to new purchasers. The Contract is between you and the Company. The Contract is not an investment advisory account, and the Company is not providing any investment advice or managing the allocations under your Contract. In the absence of a specific written arrangement to the contrary, you as the owner of the Contract, have the sole authority to make investment allocations and other decisions under the Contract. Your AXA Advisors' financial professional is acting as a broker-dealer registered representative, and is not authorized to act as an investment advisor or to manage the allocations under your Contract. If your financial professional is a registered representative with a broker-dealer other than AXA Advisors, you should speak with him/her regarding any different arrangements that may apply. Individuals who want to buy a Contract must: (1) complete an application; (2) personally deliver the application to (a) a licensed agent of the Company who is also a registered representative of AXA Advisors, LLC or AXA Distributors, LLC (together, the "Distributors") who act as the principal underwriters for the Contracts, or (b) a licensed agent who is also a registered representative of a broker dealer which had been authorized by the Distributors to sell the Contract; and (3) pay the minimum initial Purchase Payment. If we receive a completed application and all other information necessary for processing a purchase order at our Operations Center, we will apply your initial Purchase Payment no later than two Business Days after we receive the order. While attempting to finish an incomplete application, we may hold your initial Purchase Payment for no more than five Business Days. If an incomplete application cannot be completed within those five days, we will inform you of the reasons, and will return your Purchase Payment immediately (unless you specifically authorize us to keep it until the application is complete). Once you complete your application, we must apply the initial Purchase Payment within two Business Days. We will apply any additional Purchase Payments you make on the Business Day we receive them at our Operations Center. The Contract may be used with certain tax qualified plans. The Contract includes attributes such as tax deferral on accumulated earnings. Qualified retirement plans provide their own tax deferral benefit; the purchase of this Contract does not provide additional tax deferral benefits beyond those provided in the qualified plan. Accordingly, if you are purchasing this Contract, you should purchase it for its death benefit, annuity benefits, and other non-tax related benefits. Please consult a tax adviser for information specific to your circumstances in order to determine whether the Contract is an appropriate investment for you. The minimum initial Purchase Payment for individuals varies depending upon the use of the Contract, the method of purchase and the benefit option package selected. The chart below shows the minimum initial Purchase Payment for each situation. DETAILED INFORMATION ABOUT THE CONTRACT 20
------------------------------------------------------------------------------------------------------------------------------------ USE OF CONTRACT OR METHOD OF MAKING PURCHASE PAYMENT MINIMUM INITIAL PURCHASE PAYMENT ------------------------------------------------------------------------------------------------------------------------------------ Individual retirement accounts and annuities under Section 408 of the Code (other $2,000 than Simplified Employee Pensions), including Roth IRAs under Section 408A of the Code (no longer available to new purchasers). ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Contracts (no longer available to new purchasers). Option 1 -- $5,000 Option 2 -- $10,000 Option 3 -- $10,000 ------------------------------------------------------------------------------------------------------------------------------------ H.R. 10 plans (self-employed individuals' retirement plans under Section 401 of $ 600 the Code) (no longer available to new purchasers) and Simplified Employee Pen- sions under Section 408 of the Code (no longer available to new purchasers). ------------------------------------------------------------------------------------------------------------------------------------ Certain corporate or association retirement plans. $ 600 ------------------------------------------------------------------------------------------------------------------------------------ Annuity purchase plans sponsored by certain tax-exempt organizations, govern- $ 600 mental entities and deferred compensation plans under Section 457 of the Code. ------------------------------------------------------------------------------------------------------------------------------------ Payroll deduction and automatic checking account withdrawal plans. Annualized rate of $600 (i.e., $600 per year, $300 semiannually, $150 quarterly or $50 per month) ------------------------------------------------------------------------------------------------------------------------------------ Government Allotment Plans $50 per month ------------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- GOVERNMENT ALLOTMENT PLANS -- Payroll deduction plans used for financial products by government employees. -------------------------------------------------------------------------------- Additional Purchase Payments may be made at any time--before the annuity starting date as long as the Annuitant is living. However, for certain automatic payment plans, the smallest additional payment is $50. The Company reserves the right to revise its rules from time to time to specify different minimum Purchase Payments for such plans. In addition, the prior approval of the Company is needed before it will accept a Purchase Payment if that would cause Cumulative Purchase Payments, less any partial surrenders and their surrender charges and market value adjustments, to exceed $1,500,000. The Company reserves the right to reject an application for any reason permitted by law. Net Purchase Payments received before the Effective Date will be held in the Company's General Account and will be credited with interest at not less than 3.50% per year if: (1) the Contract is issued by the Company, and (2) the Contract is delivered to the Owner. No interest will be paid if the Contract is not issued or if it is declined by the Owner. These amounts will be held in that account pending end of the right to return contract period. (See below.) -------------------------------------------------------------------------------- EFFECTIVE DATE -- The date the contract begins as shown in the Contract. -------------------------------------------------------------------------------- TAX-FREE 'SECTION 1035' EXCHANGES This information is no longer applicable to the purchase of these Contracts as these Contracts are no longer available to new purchasers. The Owner can generally exchange one annuity contract for another in a 'tax-free exchange' under Section 1035 of the Internal Revenue Code. Similar rules may apply to changing the funding vehicle in a Qualified Plan. Before making the exchange, the Owner should compare both contracts carefully. Remember that if you exchange another contract for the one described in this prospectus, you might have to pay a surrender charge on the old contract. There will be a new surrender charge period for this Contract and other charges may be higher (or lower) and the benefits may be different. If the exchange does not qualify for Section 1035 treatment, the Owner may have to pay federal income tax, and penalty taxes on the exchange. The Owner should not exchange another contract for this one unless he or she determines, after knowing all the facts, that the exchange is in the Owner's best interest and not just better for the person trying to sell the Owner this Contract (that person will generally earn a commission if the Owner buys this Contract through an exchange or otherwise). RIGHT TO RETURN CONTRACT PROVISION This information is no longer applicable as these Contracts are no longer available to new purchasers. The Owner may return the Contract during the right to return contract period (usually within 10 days) of the delivery date. The Contract must be returned to the Company or any agent of the Company. When the Company receives the Contract, it will be voided as if it were never in effect. Unless state law requires otherwise, the amount to be refunded is equal to the Purchase Payments received by the Company, less any partial surrenders you made. During the right to return contract period, Purchase Payments will be retained in the Company's General Account and will earn interest at a rate not less than 3.50% per year. If you have not returned the Contract at the end of the right to return contract period, we transfer the Net Purchase Payments with interest to the subaccounts and/or the Guaranteed Interest Account. ALLOCATION OF PAYMENTS AND FUND VALUE ALLOCATION OF PAYMENTS. On the application, the Owner may allocate Net Purchase Payments to any of the available subaccounts of MONY America Variable Account A or to the Guaranteed Interest Account with Market Value Adjustment. Net Purchase Payments (and any interest thereon) are held in the General Account if they are received before the end of the right to return contract period. The portion of Net Purchase Payments allocated to the Guaranteed Interest Account with Market Value Adjustment will be held in the Guaranteed Interest Account with Market Value Adjustment of the General Account for the specified period selected and will be credited with interest at the rate declared by the Company for that specified period. The portion of Net Purchase Payments allocated to subaccounts of MONY America Variable Account A will earn 3.50% annual interest until the right to return contract period expires. (See "Right to 21 DETAILED INFORMATION ABOUT THE CONTRACT return contract provision" above.) After the right to return Contract period has expired, the value of Net Purchase Payments allocated to subaccounts of MONY America Variable Account A will automatically be transferred to MONY America Variable Account A subaccount(s) according to the Owner's percentage allocation. After the right to return contract period, under a non-automatic payment plan, if the Owner does not: (1) specify the amount to be allocated among subaccounts, or (2) specify the percentage to be allocated among subaccounts, or (3) the amount or percentage specified is incorrect or incomplete, the Net Purchase Payments will be allocated under the Owner's most recent instructions on record with the Company. The percentage specified must not be less than 5% of the Net Purchase Payment. Allocation percentages must total 100%. For automatic payment plans, Net Purchase Payments will be allocated according to the Owner's most recent instructions on record. The Owner may change the specified allocation formula for future Net Purchase Payments at any time without charge by sending written notification to the Company at the Operations Center. Prior allocation instructions may also be changed by telephone, facsimile or via the web subject to the rules of the Company and its right to terminate or modify telephone, facsimile or via the web allocation. The Company reserves the right to deny any telephone, facsimile or via the web allocation request. (See "Telephone/fax/web transactions.") Any such change, whether made in writing or by telephone, facsimile or via the web, will be effective seven days after we receive notice of the change in accordance with the requirements of state insurance departments and the Investment Company Act of 1940. Contracts issued in Maryland, Massachusetts, New Jersey, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas and Washington must maintain a minimum Fund Value balance of $2,500 in the Guaranteed Interest Account with Market Value Adjustment when an allocation to said account is chosen. CALCULATING UNIT VALUES FOR EACH SUBACCOUNT When allocated Net Purchase Payments are received they are credited to subaccounts of MONY America Variable Account A in the form of units. The number of units is determined by dividing the dollar amount allocated to a particular subaccount by the unit value for that subaccount for the Business Day on which the Purchase Payment is received. To determine the unit value of a subaccount on each Business Day, the Company takes the prior Business Day's unit value and multiplies it by the Net Investment Factor for the current Business Day. The Net Investment Factor is used to measure the investment performance of a subaccount from one Business Day to the next. The Net Investment Factor for each subaccount equals: (1) the net asset value per share of each Fund held in the subaccount at the end of the current Business Day divided by (2) the net asset value per share of each Fund held in the subaccount at the end of the prior Business day, minus (3) the daily mortality and expense risk charge and any other applicable charges adjusted for the number of calendar days in the period. The unit value of these subaccounts may increase, decrease or remain the same from Business Day to Business Day. The unit value depends on the investment performance of the portfolio of the Fund in which the subaccount invests and any expenses and charges deducted from MONY America Variable Account A. The Owner bears the entire investment risk. Owners should periodically review their allocations of payments and values in light of market conditions and overall financial planning requirements. CALCULATION OF GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT FUND VALUE Net Purchase Payments to be allocated to the Guaranteed Interest Account with Market Value Adjustment will be credited to the Accumulation Period chosen by the Owner on (1) the date received at the Operations Center, or (2) if the day Net Purchase Payments are received is not a Business Day, then on the next Business Day. Interest will be credited daily. CALCULATION OF FUND VALUE The Contract's Fund Value will reflect: o The investment performance of the selected subaccount(s) of MONY America Variable Account A. o Amounts credited (including interest) to the Guaranteed Interest Account with Market Value Adjustment. o Any Net Purchase Payments. o Any transfer charges. o Any partial surrenders. o Any outstanding debt. o All contract charges (including surrender charges and market value adjustments) imposed. There is no guaranteed minimum Fund Value, except to the extent Net Purchase Payments have been allocated to the Guaranteed Interest Account with Market Value Adjustment. Because a Contract's Fund Value at any future date will be dependent on a number of variables, it cannot be predetermined. The Fund Value will be computed first on the Effective Date and thereafter on each Business Day. On the Effective Date, the Contract's Fund Value will be the Net Purchase Payments received on or before the Effective Date plus any interest credited on those Payments during the period when Net Purchase Payments are held in the General Account. (See "Issuance of the Contract".) After amounts allocated to the subaccounts are transferred from the General Account to MONY America Variable Account A, on each Business Day, the Contract's Fund Value will be computed as follows: (1) Determine the aggregate of the Fund Values attributable to the Contract in each of the subaccounts on that Business Day. This is done by multiplying the subaccount's unit value on that date by the number of subaccount units allocated to the Contract. The computation of the Contract's Fund Value in the subaccount is done before any other Contract transactions on that Business Day. (2) Add any amount credited to the Guaranteed Interest Account with Market Value Adjustment before that Business Day. This amount is the aggregate of all Net Purchase Payments allocated to the Guaranteed Interest Account with Market Value Adjustment and: DETAILED INFORMATION ABOUT THE CONTRACT 22 o The addition of any interest credited. o Addition or subtraction of any amounts transferred. o Subtraction of any partial surrenders. o Subtraction of any contract charges, surrender charges, transfer charges, and any Market Value Adjustments (3) Add the value held in the loan account to secure contract loans and interest credited on that day on that amount; (4) Add any Net Purchase Payment received on that Business Day; (5) Subtract any partial surrender amount (reflecting any surrender charge and Market Value Adjustment) made on that Business Day; (6) Subtract any annual contract charge and/or transfer charge deductible on that Business Day. Regarding (1) above, for each subaccount we multiply the number of units credited to that subaccount by its unit Value on that Business Day. The multiplication is done before the purchase or redemption of any units on that Business Day. If a transaction would ordinarily require that the Contract's Fund Value be computed for a day that is not a Business Day, the next following Business Day will be used. TRANSFERS. You may transfer the value of the Contract among the subaccounts after the right to return contract period has expired by sending a proper written request to the Company's Operations Center. Transfers may be made by telephone, facsimile or via the web if proper authorization has been received at the Company's Operations Center. (See "Telephone/fax/web transactions.") Transfers will be executed at the net asset value next calculated by the Company if the transfer instruction is received and acknowledged by 4:00 p.m., Eastern Time on a day on which the New York Stock Exchange is open for business. If the New York Stock Exchange is not open for business on the day of receipt, the transfer instruction will be executed at the net asset value calculated at the close of business on the first day thereafter on which the New York Stock Exchange is open for business. Such transfers are subject to the Company's rules and conditions for such privilege. Currently, there are no limitations on the number of transfers between subaccounts. Our current transfer restrictions are set forth in the "Disruptive transfer activity" section below. Transfers may be postponed for any period during which (1) the New York Stock Exchange is closed other than customary weekend and holiday closings, or (2) trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission, or (3) an emergency exists as a result of which disposal of securities held by the Fund is not reasonably practicable or it is not reasonably practicable to determine the value of the net assets of the Fund. A transfer charge is not currently imposed on transfers. (See "Deductions from fund value -- Transfer charge.") However, the Company reserves the right to impose a charge which will not exceed $25 per transfer. If imposed the charge will be deducted from the first subaccount(s) or the Guaranteed Interest Account with Market Value Adjustment you designate funds to be transferred from. This charge is in addition to the amount transferred. All transfers in a single request are treated as one transfer transaction. A transfer resulting from the first reallocation of Fund Value at the end of the right to return contract period will not be subject to a transfer charge and transfers made at the end of an Accumulation Period of amounts allocated to the Guaranteed Interest Account with Market Value Adjustment (see below) will not be subject to a transfer charge. Under present law, transfers are not taxable transactions. TRANSFERS INVOLVING THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT. Transfers may be made from the Guaranteed Interest Account with Market Value Adjustment at any time, but, if they are made before the end of the 3, 5, 7, or 10 year Accumulation Period there will be a market value adjustment for Contracts issued in most states. If the transfer request is received within 30 days before the end of the Accumulation Period, no market value adjustment will apply. If multiple Accumulation Periods are in effect, your transfer request must specify from which Accumulation Period(s) we are to make the transfer. Contracts issued in Maryland, Massachusetts, New Jersey, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas and Washington with fund value in the Guaranteed Interest Account with Market Value Adjustment must maintain a minimum Fund Value in the Guaranteed Interest Account with Market Value Adjustment of $2,500. Please see "Payment and allocation of Purchase Payments" earlier in this section "Detailed information about the Contract" for more information about your role in managing your allocations. PORTFOLIO REBALANCING. Our portfolio rebalancing program can help prevent a well-conceived investment strategy from becoming diluted over time. Investment performance will likely cause the allocation percentages you originally selected to shift. With this program, you may instruct us to periodically reallocate values in your Contract. The program does not guarantee an investment gain or protect against an investment loss. You may elect or terminate the rebalancing program at any time. You may also change your allocations under the program at any time. Requesting a transfer while enrolled in our rebalancing program will automatically terminate your participation in the program. This means that your account will no longer be rebalanced on a periodic basis. You must provide us with written instructions if you wish your account to be rebalanced in the future. TELEPHONE/FAX/WEB TRANSACTIONS Prior allocation instructions may be changed or transfers requested by telephone, fax or via the web subject to the Company's guidelines (which we believe to be reasonable) and the Company's right to modify or terminate the telephone/fax/web privilege. The Company reserves the right to deny any telephone, fax or web request. If all telephone lines are busy or the Internet is not available (for example, during periods of substantial market fluctuations), Owners may be unable to request telephone, fax or web allocation changes or transfers by telephone, fax or web. In such cases, an Owner would submit a written request. We have adopted guidelines relating to changes of allocations and transfers by telephone, fax or web which, among other things, outlines procedures designed to prevent unauthorized instructions. If the Owner does not follow these procedures: (1) the Company shall not be liable for any loss as a result of following fraudulent telephone, fax or web instructions; and (2) the Owner will, therefore, bear the entire risk of loss due to fraudulent telephone, fax or web instructions. 23 DETAILED INFORMATION ABOUT THE CONTRACT A copy of the guidelines and our form for electing telephone/facsimile transfer privileges is available from your financial professional or by calling us at (800) 487-6669, Monday through Friday, 9 a.m. to 5 p.m., Eastern Time. Web transfer privileges and a copy of the guidelines and forms are available online at www.axaonline.com. The telephone or fax allocation and transfer privileges may also be elected by completing the telephone or fax authorization. The Company's form or a Contract application with a completed telephone or fax authorization must be signed and received at the Company's Operations Center before telephone or fax allocation instructions will be accepted. To elect web allocation and transfer privileges, you must log on to www.axaonline.com, and register for online account access. This online application must be electronically signed and received by the Company via the internet before web transaction instructions will be accepted. SPECIAL NOTE ON RELIABILITY. Please note that the internet or our telephone system may not always be available. Any system, whether it is yours, your service provider's, or your registered representative's, can experience unscheduled outages or slowdowns for a variety of reasons. These outages or slowdowns may delay or prevent our processing of your request. Although we have taken precautions to help our systems handle heavy use, we cannot promise complete reliability under all circumstances. If you are experiencing problems, you can make your transactions by writing our Operations Center. DISRUPTIVE TRANSFER ACTIVITY You should note that the Contract is not designed for professional "market timing" organizations, or other organizations or individuals engaging in a market timing strategy. The Contract is not designed to accommodate programmed transfers, frequent transfers or transfers that are large in relation to the total assets of the underlying portfolio. Frequent transfers, including market timing and other program trading or short-term trading strategies, may be disruptive to the underlying portfolios in which the subaccounts invest. Disruptive transfer activity may adversely affect performance and the interests of long-term investors by requiring a portfolio to maintain larger amounts of cash or to liquidate portfolio holdings at a disadvantageous time or price. For example, when market timing occurs, a portfolio may have to sell its holdings to have the cash necessary to redeem the market timer's investment. This can happen when it is not advantageous to sell any securities, so the portfolio's performance may be hurt. When large dollar amounts are involved, market timing can also make it difficult to use long-term investment strategies because a portfolio cannot predict how much cash it will have to invest. In addition, disruptive transfers or purchases and redemptions of portfolio investments may impede efficient portfolio management and impose increased transaction costs, such as brokerage costs, by requiring the portfolio manager to effect more frequent purchases and sales of portfolio securities. Similarly, a portfolio may bear increased administrative costs as a result of the asset level and investment volatility that accompanies patterns of excessive or short-term trading. Portfolios that invest a significant portion of their assets in foreign securities or the securities of small- and mid-capitalization companies tend to be subject to the risks associated with market timing and short-term trading strategies to a greater extent than portfolios that do not. Securities trading in overseas markets present time zone arbitrage opportunities when events affecting portfolio securities values occur after the close of the overseas market but prior to the close of the U.S. markets. Securities of small- and mid-capitalization companies present arbitrage opportunities because the market for such securities may be less liquid than the market for securities of larger companies, which could result in pricing inefficiencies. Please see the prospectuses for the underlying portfolios for more information on how portfolio shares are priced. We currently use the procedures described below to discourage disruptive transfer activity. You should understand, however, that these procedures are subject to the following limitations: (1) they primarily rely on the policies and procedures implemented by the underlying portfolios; (2) they do not eliminate the possibility that disruptive transfer activity, including market timing, will occur or that portfolio performance will be affected by such activity; and (3) the design of market timing procedures involves inherently subjective judgments, which we seek to make in a fair and reasonable manner consistent with the interests of all policy and contract owners. We currently require that any transfer request that would result in an aggregated transfer amount of $250,000 or more in a single day must be submitted in writing to our customer service office by U.S. mail (first class). Overnight mail is not permitted for those transfer requests. We monitor the $250,000 daily threshold on a monthly basis and combine transfer activities for all contracts with the same or related owner. We do not permit exceptions to this policy. We may change this policy, and any new or revised policy will apply to all Contract holders uniformly. We offer subaccounts with underlying portfolios that are part of the AXA Premier VIP Trust and EQ Advisors Trust, as well as subaccounts with underlying portfolios of outside trusts with which AXA Equitable has entered participation agreements (the "unaffiliated trusts" and, collectively with the AXA Premier VIP Trust and EQ Advisors Trust, the "trusts"). The trusts have adopted policies and procedures regarding disruptive transfer activity. They discourage frequent purchases and redemptions of portfolio shares and will not make special arrangements to accommodate such transactions. They aggregate inflows and outflows for each portfolio on a daily basis. On any day when a portfolio's net inflows or outflows exceed an established monitoring threshold, the trust obtains from us contract owner trading activity. The affiliated trusts currently consider transfers into and out of (or vice versa) the same subaccount within a five business day period as potentially disruptive transfer activity. When a Contract is identified in connection with potentially disruptive transfer activity for the first time, a letter is sent to the Contract owner explaining that there is a policy against disruptive transfer activity and that if such activity continues, certain transfer privileges may be eliminated. If and when the contract owner is identified a second time as engaged in potentially disruptive transfer activity under the Contract, we currently prohibit the use of voice, fax and automated transaction services. We currently apply such action for the remaining life of each affected contract. We or a trust may change the definition of potentially disruptive transfer activity, the monitoring procedures and thresholds, any notification procedures, and the procedures to restrict this activity. Any new or revised policies and procedures will apply to all contract owners uniformly. We do not permit exceptions to our policies restricting disruptive transfer activity. Each unaffiliated trust may have its own policies and procedures regarding disruptive transfer activity. If an unaffiliated trust advises us that there may be disruptive activity from one of our contract owners, we will work with the unaffiliated trust to review contract owner trading activity. Each trust reserves the right to reject a transfer that it DETAILED INFORMATION ABOUT THE CONTRACT 24 believes, in its sole discretion, is disruptive (or potentially disruptive) to the management of one of its portfolios. Please see the prospectuses for the trusts for more information. It is possible that a trust may impose a redemption fee designed to discourage frequent or disruptive trading by contract owners. As of the date of this prospectus, the trusts had not implemented such a fee. If a redemption fee is implemented by a trust, that fee, like any other trust fee, will be borne by the contract owner. Contract owners should note that it is not always possible for us and the underlying trusts to identify and prevent disruptive transfer activity. In addition, because we do not monitor for all frequent trading at the separate account level, contract owners may engage in frequent trading which may not be detected, for example, due to low net inflows or outflows on the particular day(s). Therefore, no assurance can be given that we or the trusts will successfully impose restrictions on all potentially disruptive transfers. Because there is no guarantee that disruptive trading will be stopped, some contract owners may be treated differently than others, resulting in the risk that some contract owners may be able to engage in frequent transfer activity while others will bear the effect of that frequent transfer activity. The potential effects of frequent transfer activity are discussed above. TERMINATION OF THE CONTRACT The Contract will remain in effect until the earlier of: (1) the date the Contract is surrendered in full, (2) the date annuity payments start, (3) the Contract Anniversary on which, after deduction for any annual contract charge then due, no Fund Value in the subaccounts and the Guaranteed Interest Account with Market Value Adjustment remains in the Contract, or (4) the date the death benefit is payable under the Contract. 25 DETAILED INFORMATION ABOUT THE CONTRACT 5. DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT -------------------------------------------------------------------------------- GENERAL The Guaranteed Interest Account with Market Value Adjustment is an allocation option available under the contract. The Guaranteed Interest Account with Market Value Adjustment may not be available in every state jurisdiction. The guarantees associated with the Guaranteed Interest Account with Market Value Adjustment are borne exclusively by the Company. The guarantees associated with the Guaranteed Interest Account with Market Value Adjustment are legal obligations of the Company. Fund Values allocated to the Guaranteed Interest Account with Market Value Adjustment are held in the General Account of the Company. Amounts allocated to the General Account of the Company are subject to the liabilities arising from the business the Company conducts. The Company has sole investment discretion over the investment of the assets of its General Account. Owners having allocated amounts to a particular Accumulation Period of the Guaranteed Interest Account with Market Value Adjustment, however, will have no claim against any particular assets of the Company. The Guaranteed Interest Account with Market Value Adjustment provides for a Specified Interest Rate, which is a guaranteed interest rate that will be credited as long as any amount allocated to the Guaranteed Interest Account with Market Value Adjustment is not distributed for any reason prior to the Maturity Date of the particular Accumulation Period chosen by the Owner. Generally, a 3-year Accumulation Period offers guaranteed interest at a Specified Interest Rate over three years, a 5-year Accumulation Period offers guaranteed interest at a Specified Interest Rate over five years, and so on. Because the Maturity Date is the Monthly Contract Anniversary immediately prior to the 3, 5, 7 or 10 year anniversary of the start of the Accumulation Period, the Accumulation Period may be up to 31 days shorter than the 3, 5, 7 or 10 years, respectively. Although the Specified Interest Rate will continue to be credited as long as Fund Value remains in an Accumulation Period of the Guaranteed Interest Account with Market Value Adjustment prior to the Maturity Date of that Accumulation Period, surrenders or transfers (including transfers to the Loan Account as a result of a request by the Owner for a Loan) will be subject to a Market Value Adjustment, as described below. Market Value Adjustments do not apply upon annuitization under Settlement Option 3 or 3A. Market Value Adjustments do not apply for partial or full surrenders or transfers requested within 30 days before the end of the Accumulation Period, nor to any benefits paid upon the death of the Annuitant. The Market Value Adjustment does apply to benefits paid upon death of the Owner. Market Value Adjustments also do not apply to Contracts issued in Maryland, Massachusetts, New Jersey, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas and Washington. In addition, Contracts issued in these states must maintain a minimum Fund Value balance of $2,500 in the Guaranteed Interest Account with Market Value Adjustment when an allocation to this account is chosen. GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT The Guaranteed Interest Account with Market Value Adjustment is a part of the Company's General Account which consists of all the Company's assets other than assets allocated to segregated investment accounts of the Company, including MONY America Variable Account A. -------------------------------------------------------------------------------- MARKET VALUE ADJUSTMENT -- An amount added to or deducted from the amount surrendered or transferred from the Guaranteed Interest Account with Market Value Adjustment for contracts issued in certain states. ACCUMULATION PERIOD -- Currently 3, 5, 7 and 10 years. The Accumulation Period starts on the Business Day that falls on, or next follows the date the Purchase Payment is transferred into the Guaranteed Interest Account with Market Value Adjustment and ends on the monthly Contract anniversary immediately prior to the last day of that Accumulation Period. (THE ACCUMULATION PERIOD IS LIMITED TO ONE YEAR FOR CONTRACTS ISSUED IN MARYLAND, THE COMMONWEALTH OF MASSACHUSETTS, NEW JERSEY, OKLAHOMA, OREGON, THE COMMONWEALTH OF PENNSYLVANIA, SOUTH CAROLINA, TEXAS AND WASHINGTON.) CONTRACT YEAR -- Any period of twelve (12) months commencing with the Effective Date and each Contract Anniversary thereafter. CONTRACT ANNIVERSARY -- An anniversary of the Effective Date of the Contract. -------------------------------------------------------------------------------- ALLOCATIONS TO THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT There are three sources from which allocations to the Guaranteed Interest Account with Market Value Adjustment may be made: (1) an initial Purchase Payment made under a Contract may be wholly or partially allocated to the Guaranteed Interest Account with Market Value Adjustment; (2) a subsequent or additional Purchase Payment made under a Contract may be partially or wholly allocated to the Guaranteed Interest Account with Market Value Adjustment; and (3) amounts transferred from Subaccounts available under the Contract may be wholly or partially allocated to the Guaranteed Interest Account with Market Value Adjustment. There is no minimum amount of any allocation of either Purchase Payments or transfers of Fund Value to the Guaranteed Interest Account with Market Value Adjustment. The one (1) year Accumulation Period (which is limited to certain states in which there is no Market Value Adjustment), requires the Guaranteed Interest Account to have a minimum Fund Value of $2,500 when an allocation to said account is chosen. SPECIFIED INTEREST RATES AND THE ACCUMULATION PERIODS SPECIFIED INTEREST RATES The Specified Interest Rate, at any given time, is the rate of interest guaranteed by the Company to be credited to allocations made to the DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT 26 Accumulation Period for the Guaranteed Interest Account with Market Value Adjustment chosen by the Owner, so long as no portion of the allocation is distributed for any reason prior to the Maturity Date of the Accumulation Period. Different Specified Interest Rates may be established for the four different Accumulation Periods which are currently available (3, 5, 7 and 10 years). (The Accumulation Period is limited to one year for Contracts issued in Maryland, the Commonwealth of Massachusetts, New Jersey, Oklahoma, Oregon, the Commonwealth of Pennsylvania, South Carolina, Texas and Washington.) The Company declares Specified Interest Rates for each of the available Accumulation Periods from time to time. Normally, new Specified Interest Rates will be declared monthly; however, depending on interest rate fluctuations, declarations of new Specified Interest Rates may occur more or less frequently. The Company observes no specific method in the establishment of the Specified Interest Rates, but generally will attempt to declare Specified Interest Rates which are related to interest rates associated with fixed-income investments available at the time and having durations and cash flow attributes compatible with the Accumulation Periods then available for the Guaranteed Interest Account with Market Value Adjustment. In addition, the establishment of Specified Interest Rates may be influenced by other factors, including competitive considerations, administrative costs and general economic trends. The Company has no way of predicting what Specified Interest Rates may be declared in the future and there is no guarantee that the Specified Interest Rate for any of the Accumulation Periods will exceed the guaranteed minimum effective annual interest rate of 3.50%. OWNERS BEAR THE RISK THAT THE SPECIFIED INTEREST RATE WILL NOT EXCEED THE GUARANTEED MINIMUM RATE. The period of time during which a particular Specified Interest Rate is in effect for new allocations to the then available Accumulation Periods is referred to as the Investment Period. All allocations made to an Accumulation Period during an Investment Period are credited with the Specified Interest Rate in effect. An Investment Period ends only when a new Specified Interest Rate relative to the Accumulation Period in question is declared. Subsequent declarations of new Specified Interest Rates have no effect on allocations made to Accumulation Periods during prior Investment Periods. All such prior allocations will be credited with the Specified Interest Rate in effect when the allocation was made for the duration of the Accumulation Period selected. Information concerning the Specified Interest Rates in effect for the various Accumulation Periods can be obtained by contacting an agent of the Company who is also a registered representative of AXA Advisors, LLC or by calling the following toll free telephone number: (800) 487-6669. The Specified Interest Rate is credited on a daily basis to allocations made to an Accumulation Period elected by the Owner, resulting in an annual effective yield which is guaranteed by the Company, unless amounts are surrendered, transferred or paid out on death of Annuitant from that Accumulation Period for any reason prior to the Maturity Date for that Accumulation Period. The Specified Interest Rate will be credited for the entire Accumulation Period. If amounts are surrendered or transferred from the Accumulation Period for any reason prior to theSegment Maturity Date, a Market Value Adjustment will be applied to the amount surrendered or transferred. CREDITING OF INTEREST Any Net Purchase Payments you as Owner of the Contract allocate to the Guaranteed Interest Account with Market Value Adjustment will be credited with interest at the rate declared by the Company. The Company guarantees that the rate credited will not be less than 3.50% annually (0.0094%, compounded daily). You bear the risk that we will not declare interest in excess of that 3.50% rate. If you allocate Purchase Payments or transfer funds to the Guaranteed Interest Account, you will choose between Accumulation Periods of 3, 5, 7, or 10 years for Contracts issued in most states. The Accumulation Period is limited to one year for Contracts issued in Maryland, the Commonwealth of Massachusetts, New Jersey, Oklahoma, Oregon, the Commonwealth of Pennsylvania, South Carolina, Texas and Washington. Before the beginning of each calendar month, the Company will declare interest rates for each period, if those rates will be higher than the guaranteed rate. Each interest rate declared by the Company will be applicable for all Net Purchase Payments received or transfers from MONY America Variable Account A completed within the period during which it is effective. Amounts you allocate to the Accumulation Period you select will receive this interest rate for the entire Accumulation Period. Within 45 days, but not less than 15 days before the Accumulation Period expires, we will notify you of the new rates we are then declaring. When the period expires you can (1) elect a new Accumulation Period of 3, 5, 7, or 10 years (except in certain states where the Accumulation Period is limited to a one year period) or (2) you may elect to transfer the amounts allocated to the expiring Accumulation Period to MONY America Variable Account A. If you make no election, the entire amount allocated to the expiring Accumulation Period will automatically be held for an Accumulation Period of the same length. If that period will extend beyond the annuity starting date or if that period is no longer offered, the money will be transferred into the Money Market subaccount. ACCUMULATION PERIODS For each Accumulation Period, the Specified Interest Rate in effect at the time of the allocation to that Accumulation Period is guaranteed. An Accumulation Period always ends on a Maturity Date, which is the Monthly Contract Anniversary immediately prior to the 3, 5, 7 or 10 year anniversary of the start of the Accumulation Period. Therefore, the Specified Interest Rate may be credited for up to 31 days less than the full 3, 5, 7 or 10 years. (The Accumulation Period is limited to one year for Contracts issued in Maryland, the Commonwealth of Massachusetts, New Jersey, Oklahoma, Oregon, the Commonwealth of Pennsylvania, South Carolina, Texas and Washington.) For example, if the Effective Date of a Contract is August 10, 2000 and an allocation is made to a 10 year Accumulation Period on August 15, 2000 and the funds for a new Purchase Payment are received on that day, the Accumulation Period will begin on August 15, 2000 and end on August 10, 2010, during which period the Specified Interest Rate will be credited. All Accumulation Periods for the 3, 5, 7, and 10 year Accumulation Periods, respectively, will be determined in a manner consistent with the foregoing example. END OF ACCUMULATION PERIODS At least fifteen days and at most forty-five days prior to the end of an Accumulation Period, the Company will send notice to the Owner of the impending Maturity Date. The notice will include the projected Fund Value held in the Accumulation Period on the Maturity Date and will specify the various options Owners may exercise with respect to the Accumulation Period: (1) During the thirty-day period before the Maturity Date, the Owner may wholly or partially surrender the Fund Value held in that 27 DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT Accumulation Period without a Market Value Adjustment; however, Surrender Charges under the Contract, if applicable, will be assessed. (2) During the thirty-day period before the Maturity Date, the Owner may wholly or partially transfer the Fund Value held in that Accumulation Period, without a Market Value Adjustment, to any Subaccount then available under the Contract or may elect that the Fund Value held in that Accumulation Period be held for an additional Accumulation Period of the same number of years or for another Accumulation Period of a different number of years which may at the time be available. A confirmation of any such transfer or election will be sent immediately after the transfer or election is processed. (3) If the Owner does not make an election within thirty days following the Maturity Date, the entire Fund Value held in the maturing Accumulation Period will be transferred to an Accumulation Period of the same number of years as the Accumulation Period which matured. The start of the new Accumulation Period is the ending date of the previous Accumulation Period. However, if that period would extend beyond the Annuity Starting Date of the Contract or if that period is not then made available by the Company, the Fund Value held in the maturing Accumulation Period will be automatically transferred to the Money Market Subaccount at the end of the Maturity Period. A confirmation will be sent immediately after the automatic transfer is executed. During the thirty day period following the Maturity Date, and prior to any of the transactions set forth in (1), (2), or (3) above, the Specified Value held in the maturing Accumulation Period will continue to be credited with the Specified Interest Rate in effect before the Maturity Date. SURRENDERS, TRANSFERS OR LOANS When you as Owner request that Contract Fund Value from the Guaranteed Interest Account with Market Value Adjustment be transferred to MONY America Variable Account A, surrendered, loaned to you, or used to pay any charge imposed in accordance with the Contract, you should tell the Company the source by interest rate Accumulation Period of amounts you request be transferred, surrendered, loaned, or used to pay charges. We will not process the surrender unless you tell us the source by interest rate Accumulation Period to use. If you do not specify an Accumulation Period, your transaction will be processed using the Accumulation Periods in the order in which money was most recently allocated. THE MARKET VALUE ADJUSTMENT GENERAL INFORMATION REGARDING THE MVA A surrender or transfer (including a transfer to the Loan Account as a result of a request by the Owner for a Loan) from the Guaranteed Interest Account with Market Value Adjustment prior to the Maturity Date of that particular Accumulation Period, will be subject to a Market Value Adjustment. A Market Value Adjustment will not apply upon annuitization under Settlement Option 3 or 3A, or upon payment of a death benefit. The Market Value Adjustment is determined by the multiplication of an MVA Factor by the Specified Value, or the portion of the Specified Value being surrendered or transferred (including transfers for the purpose of obtaining a Loan). The Specified Value is the amount of the allocation of Purchase Payments and transfers of Fund Value to an Accumulation Period of the Guaranteed Interest Account with Market Value Adjustment, plus interest accrued at the Specified Interest Rate minus prior distributions. The Market Value Adjustment may either increase or decrease the amount of the distribution. It will not apply to requests for transfer or full or partial surrenders received at our administrative office within 30 days before the end of the applicable Accumulation Period. The Market Value Adjustment is intended to approximate, without duplicating, the experience of the Company when it liquidates assets in order to satisfy contractual obligations. Such obligations arise when Owners request surrenders or transfers (including transfers for the purpose of obtaining a Loan). When liquidating assets, the Company may realize either a gain or a loss. A market value adjustment can increase or decrease the amounts surrendered or transferred from the Guaranteed Interest Account with Market Value Adjustment depending on current interest rate fluctuations. If prevailing interest rates are higher at the time of a surrender or transfer (including transfers for the purpose of obtaining a Loan) than the Specified Interest Rate in effect at the time the Accumulation Period commences, the Company will realize a loss when it liquidates assets in order to process a surrender or transfer (including transfers for the purpose of obtaining a Loan); therefore, application of the Market Value Adjustment under such circumstances will decrease the amount of the surrender or transfer (including transfers for the purpose of obtaining a Loan). Generally, if prevailing interest rates are lower than the Specified Interest Rate in effect at the time the Accumulation Period commences, the Company will realize a gain when it liquidates assets in order to process a surrender or transfer (including transfers for the purpose of obtaining a Loan); therefore, application of the MVA under such circumstances will generally increase the amount of the surrender or transfer (including transfers for the purpose of obtaining a Loan) . The Company measures the relationship between prevailing interest rates and the Specified Interest Rates it declares through the MVA Factor. The MVA Factor is described more fully below. THE MVA FACTOR The formula for determining the MVA Factor is: [(1+a)/(1+b)]((n-t)/12) - 1 Where: a = the Specified Interest Rate for the Accumulation Period from which the surrender, transfer or loan is to be taken; b = the Specified Interest Rate declared at the time a surrender or transfer is requested for an Accumulation Period equal to the time remaining in the Accumulation Period from which the surrender or transfer (including transfer to the Loan Account as a result of a request by the Owner for a Loan) is requested, plus 0.25%; n = the Accumulation Period from which the surrender or transfer occurs in months; and t = the number of elapsed months (or portion thereof) in the Accumulation Period from which the surrender or transfer occurs. DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT 28 If an Accumulation Period equal to the time remaining is not issued by the Company, the rate will be an interpolation between two available Accumulation Periods. If two such Accumulation Periods are not available, we will use the rate for the next available Accumulation Period. If the Company is no longer declaring rates on new payments, we will use Treasury yields adjusted for investment risk as the basis for the Market Value Adjustment. The MVA Factor shown above also accounts for some of the administrative and processing expenses incurred when fixed-interest investments are liquidated. This is represented in the addition of 0.25% in the MVA Factor. The MVA Factor will be multiplied by that portion of the Specified Value being surrendered, transferred, or distributed for any other reason. If the result is greater than zero, a gain will be realized by the Owner; if less than zero, a loss will be realized. If the MVA Factor is exactly zero, no gain or loss will be realized by the Owner. INVESTMENTS Amounts allocated to the Guaranteed Interest Account with Market Value Adjustment are transferred to the General Account of the Company. Amounts allocated to the General Account of the Company are subject to the liabilities arising from the business the Company conducts. This is unlike amounts allocated to the Subaccounts of MONY America Variable Account A, which are not subject to the liabilities arising from the business the Company conducts. The Company has sole investment discretion over the investment of the assets of the General Account. We will invest these amounts primarily in investment-grade fixed income securities including: securities issued by the U.S. Government or its agencies or instrumentalities, which issues may or may not be guaranteed by the U.S. Government; debt securities that have an investment grade, at the time of purchase, within the four highest grades assigned by Moody's Investor Services, Inc., Standard & Poor's Corporation, or any other nationally recognized rating service; mortgage-backed securities collateralized by real estate mortgage loans or securities collateralized by other assets, that are insured or guaranteed by the Federal Home Loan Mortgage Association, the Federal National Home Mortgage Association, or the Government National Mortgage Association, or that have an investment grade at the time of purchase within the four highest grades described above; commercial and agricultural mortgage loans; other debt instruments; commercial paper; cash or cash equivalents. Variable annuity Owners having allocated amounts to a particular Accumulation Period of the Guaranteed Interest Account with Market Value Adjustment will not have a direct or indirect interest in these investments, nor will they have a claim against any particular assets of the Company. The overall investment performance of the General Account will not increase or decrease their claim against the Company. There is no specific formula for establishing Specified Interest Rates. The Specified Interest Rates declared by the Company for the various Accumulation Periods will not necessarily correspond to the performance of any group of assets of the General Account. We will consider certain factors in determining these rates, such as regulatory and tax environment, sales commissions, administrative expenses borne by us, and competitive factors. The Company's management will make the final determination of these rates. However, the Specified Interest Rate will never be less than 3.50%. 29 DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT 6. SURRENDERS -------------------------------------------------------------------------------- The Owner may elect to make a surrender of all or part of the Contract's Fund Value provided it is: o on or before the annuity payments start, and o during the lifetime of the Annuitant. Any such election shall specify the amount of the surrender. The surrender will be effective on the date a proper written request is received by the Company at its Operations Center. The amount of the surrender may be equal to the Contract's Cash Value, which is its Fund Value less: (1) any applicable surrender charge, and (2) any applicable Market Value Adjustment. The surrender may also be for a lesser amount (a "partial surrender"). Requested partial surrenders that would leave a Cash Value of less than $1,000 are treated and processed as a full surrender. In such case, the entire Cash Value will be paid to the Owner. For a partial surrender, any surrender charge or any applicable Market Value Adjustment will be in addition to the amount requested by the Owner. A partial surrender may reduce your death benefit proportionately by the same percentage that the surrender (including any surrender charge and any market value adjustment, if applicable) reduced Fund Value. A surrender will result in the cancellation of units of the particular subaccounts and the withdrawal of amounts credited to the Guaranteed Interest Account with Market Value Adjustment Accumulation Periods as chosen by the Owner. The aggregate value of the surrender will be equal to the dollar amount of the surrender plus, if applicable, any surrender charge and any applicable Market Value Adjustment. For a partial surrender, the Company will cancel units of the particular subaccounts and withdraw amounts from the Guaranteed Interest Account with Market Value Adjustment Accumulation Period under the allocation specified by the Owner. The unit value will be calculated as of the end of the Business Day the surrender request is received. The Owner can specify partial surrender allocations by either amount or percentage. Allocations by percentage must be in whole percentages (totaling 100%). The minimum percentage of allocation for a partial surrender is 10% of any subaccount or Guaranteed Interest Account with Market Value Adjustment designated by the Owner. The request will not be accepted if: o there is insufficient Fund Value in the Guaranteed Interest Account with Market Value Adjustment or a subaccount to provide for the requested allocation against it, or o the request is incomplete or incorrect. Any surrender charge will be allocated against the Guaranteed Interest Account with Market Value Adjustment and each subaccount in the same proportion that each allocation bears to the total amount of the partial surrender. Contracts issued in Maryland, the Commonwealth of Massachusetts, New Jersey, Oklahoma, Oregon, the Commonwealth of Pennsylvania, South Carolina, Texas and Washington must maintain a minimum Fund Value in the Guaranteed Interest Account with Market Value Adjustment of $2,500. The amount of any surrender, death benefit, or transfer payable from MONY America Variable Account A amount will be paid in accordance with the requirements of the 1940 Act. However, the Company may be permitted to postpone such payment under the 1940 Act. Postponement is currently permissible only for any period during which: (1) the New York Stock Exchange is closed other than customary weekend and holiday closings, or (2) trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission, or (3) an emergency exists as a result of which disposal of securities held by the Fund is not reasonably practicable or it is not reasonably practicable to determine the value of the net assets of the Fund. Any surrender involving payment from amounts credited to the Guaranteed Interest Account with Market Value Adjustment may be postponed, at the option of the Company, for up to 6 months from the date the request for a surrender is received by the company. Surrenders involving payment from the Guaranteed Interest Account with Market Value Adjustment may in certain circumstances and in certain states also be subject to a Market Value Adjustment, in addition to a surrender charge. The Owner may elect to have the amount of a surrender settled under one of the settlement options of the Contract. (See "Annuity provisions".) Contracts offered by this prospectus may be issued in connection with retirement plans meeting the requirements of certain sections of the Internal Revenue Code. Owners should refer to the terms of their particular retirement plan for any limitations or restrictions on cash surrenders. The tax results of a cash surrender should be carefully considered. (See "Federal tax status".) Please note: If mandated under applicable law, we may be required to reject a Purchase Payment. In addition, we may also be required to block an Owner's account and thereby refuse to honor any request for transfers, partial surrenders, loans or death benefits until instructions are secured from the appropriate regulator. We may also be required to provide additional information about your account to government regulators. SURRENDERS 30 7. LOANS -------------------------------------------------------------------------------- Qualified Contracts issued under an Internal Revenue Code Section 401(k) plan will have a loan provision (except in the case of Contracts issued in Vermont) under which a loan can be taken using the Contract as collateral for the loan. All of the following conditions apply in order for the amount to be considered a loan, rather than a (taxable) partial surrender: o The term of the loan must be 5 years or less. o Repayments are required at least quarterly and must be substantially level. o The loan amount is limited to certain dollar amounts as specified by the IRS. The Owner (Plan Trustee) must certify that these conditions are satisfied. In any event, the maximum outstanding loan on a Contract is 50% of the Fund Value in the subaccounts and/or the Guaranteed Interest Account with Market Value Adjustment. Loans are not permitted before the end of the right to return contract period. In requesting a loan, the Owner must specify the subaccounts from which Fund Value equal to the amount of the loan requested will be taken. Loans from the Guaranteed Interest Account with Market Value Adjustment are not taken until Fund Value in the subaccounts is exhausted. If in order to provide the Owner with the amount of the loan requested, and Fund Values must be taken from the Guaranteed Interest Account with Market Value Adjustment, then the Owner must specify the Accumulation Periods from which Fund Values equal to such amount will be taken. If the Owner fails to specify subaccounts and Accumulation Periods, the request for a loan will be returned to the Owner. Values are transferred to a loan account that earns interest at an annual rate of 3.50%. The annual loan interest rate charged on outstanding loans will be 6% in arrears. Any interest not paid when due will be added to the loan and bear interest at the 6% annual rate. Loan repayments must be specifically earmarked as loan repayment and will be allocated to the subaccounts and/or the Guaranteed Interest Account with Market Value Adjustment using the most recent payment allocation on record. Otherwise, we will treat the payment as a Net Purchase Payment. -------------------------------------------------------------------------------- LOAN -- Available under a Contract issued under Section 401(k) of the Code; subject to availability. To be considered a Loan: (1) the term must be no more than five years, (2) repayments must be at least quarterly and substantially level, and (3) the amount is limited to dollar amounts specified by the Code, not to exceed 50% of the Fund Value. LOAN ACCOUNT -- A part of the General Account where Fund Value is held as collateral for a loan. An Owner may transfer Fund Value in the Subaccounts, and/or Guaranteed Interest Account with Market Value Adjustment to the Loan Account. -------------------------------------------------------------------------------- 31 LOANS 8. DEATH BENEFIT -------------------------------------------------------------------------------- DEATH BENEFIT PROVIDED BY THE CONTRACT The Company will pay a death benefit to the Beneficiary if (1) the Annuitant dies, and (2) the death occurs before the annuity payments start. If there are funds allocated to the Guaranteed Interest Account with Market Value Adjustment at the time of death, any applicable market value adjustment will be waived. If the death of the Annuitant occurs on or after the annuity payments start, no death benefit will be payable except as may be provided under the settlement option elected. The death benefit depends upon the benefit option package in effect on the date the Annuitant dies. You may not change benefit option packages once you select an option. For the chart relating to the death benefit under Contracts issued in the State of Washington, see Appendix I.
------------------------------------------------------------------------------------------------------------------------------------ OPTION 1 OPTION 2 OPTION 3(3) ------------------------------------------------------------------------------------------------------------------------------------ THE GREATER OF: THE GREATEST OF: THE GREATEST OF: ------------------------------------------------------------------------------------------------------------------------------------ (1) The Fund Value less any outstanding (1) The Fund Value less any outstanding (1) The Fund Value less any outstanding debt on the date due proof of the debt on the date due proof of the debt on the date due proof of the Annuitant's death is received by the Annuitant's death is received by the Annuitant's death is received by the Company(1) Company(1) Company(1) or or or (2) The Purchase Payments paid, reduced (2) The Purchase Payments paid, reduced (2) The Purchase Payments paid, reduced proportionately by each partial proportionately by each partial proportionately by each partial surrender (reflecting any Market surrender (reflecting any Market surrender (reflecting any Market Value Adjustment and any surrender Value Adjustment and any surrender Value Adjustment and any surrender charge) and less any outstanding charge) and less any outstanding charge) and less any outstanding debt(2) debt(2) debt(2) or or (3) Step Up Value (see description (3) Step Up Value (see description below). below) or (4) Roll Up Value (see description below). ------------------------------------------------------------------------------------------------------------------------------------ PLUS: PLUS: ------------------------------------------------------------------------------------------------------------------------------------ Earnings Increase Death Benefit (see Earnings Increase Death Benefit (see "Earnings Increase Death Benefit" "Earnings Increase Death Benefit" section) section) ------------------------------------------------------------------------------------------------------------------------------------
(1) Due proof of the Annuitant's death is deemed to be received by the Company as of the date it receives satisfactory proof of the Annuitant's death, any required instructions for the method of payment, forms necessary to effect payment and any other information it may require. (2) In the calculation of the death benefit for each partial surrender, the proportionate reduction is equal to the amount of that partial surrender and any surrender charge and any market value adjustment divided by the Fund Value immediately before that partial surrender, multiplied by the Purchase Payments paid before that partial surrender. For certain Contracts purchased prior to July 22, 2003, the death benefit is the greater of: (1) The Fund Value less any outstanding debt on the date due proof of the Annuitant's death is received by the Company, or (2) The Purchase Payments paid, less any partial surrenders and their surrender charges minus any outstanding debt, and plus or minus any market value adjustment. (3) As of November 29, 2004, Option 3 was no longer available for new business. DEATH BENEFIT 32 In general, on the death of an Owner who is not the Annuitant, amounts must be distributed from the Contract. (See "Provisions required by Section 72(s) of the Code" later in this prospectus.) We will impose applicable surrender charges. (See "Charges and deductions" later in this prospectus.) STEP UP VALUE On the first Contract Anniversary, the Step Up Value is equal to the Fund Value of the Contract. Thereafter, on each subsequent Contract Anniversary prior to the Annuitant's 81st birthday, the Step Up Value will be recalculated to equal the greater of: (1) the Fund Value on that Contract Anniversary; or (2) the Step Up Value most recently calculated o reduced proportionately(1) by any partial surrenders (including surrender charges and any applicable market value adjustments assessed) since the last recalculation anniversary, o plus any Purchase Payments made since the last recalculation anniversary. On each Contract Anniversary on or after the annuitant's 81st birthday, the Step Up Value shall be equal to the step up value on the Contract Anniversary preceding the annuitant's 81st birthday reduced proportionately by the same percentage that any partial surrenders (including surrender charges and any applicable market value adjustments assessed) reduced your Fund Value since that Contract Anniversary plus any Purchase Payments made since that Contract Anniversary. The Step Up Value payable on death will be the Step UpSegment Maturity Value on the Contract Anniversary immediately preceding the death of the Annuitant (or Secondary Annuitant, if any): o reduced proportionately by any partial surrenders including surrender charges and any applicable market value adjustments assessed since that anniversary; o plus any Purchase Payments made since that Contract Anniversary; and o less any outstanding debt. In no event will the Step Up Value payable on death exceed 200% of: o the total Purchase Payments made reduced proportionately for each partial surrender (including surrender charges and any applicable market value adjustments assessed) and o less any outstanding debt. ROLL UP VALUE The Roll Up Value will be calculated as follows. On each Contract Anniversary prior to the Annuitant's 81st birthday, the Roll Up Value is the total of: o Purchase Payments accumulated at an annual interest rate of 5% from the date of the Purchase Payment to the date due proof of the Annuitant's death is received by the Company but not beyond the most recent contract anniversary prior to the Annuitant's 81st birthday; o plus any Purchase Payments made after the most recent Contract Anniversary prior to the Annuitant's 81st birthday but before the date due proof of death is received by the Company; o less partial surrenders (including surrender charges and any applicable Market Value Adjustments) accumulated at an annual interest rate of 5% from the date of the partial surrender to the date due proof of the Annuitant's death is received by the Company but not beyond the most recent Contract Anniversary prior to the Annuitant's 81st birthday; and o less any partial surrenders made after the most recent Contract Anniversary prior to the Annuitant's 81st birthday but before the date due proof of the Annuitant's death is received by the Company. On each Contract Anniversary on or after the Annuitant's 81st birthday, the Roll Up Value shall be equal to the Roll Up Value on the Contract Anniversary preceding the Annuitant's 81st birthday o less any partial surrenders (including surrender charges and Market Value Adjustments assessed) since that Contract Anniversary; o plus any Purchase Payments made since that Contract Anniversary. The Roll Up Value payable on death will be the Roll Up Value on the Contract Anniversary immediately preceding the death of the Annuitant (or Secondary Annuitant, if any) o less any partial surrenders (including surrender charges and any applicable market value adjustments assessed) since that Contract Anniversary; o plus any Purchase Payments made since that Contract Anniversary, and o less any outstanding debt. In no event will the roll up value payable on death exceed 200% of: o the total Purchase Payments made reduced proportionately by the same percentage that any partial surrenders (including surrender charges and any applicable Market Value Adjustments assessed) reduced your Fund Value and; o less any outstanding debt. EARNINGS INCREASE DEATH BENEFIT If Option 2 or Option 3 was selected, an additional death benefit, called the Earnings Increase Amount may be added to the applicable death benefit otherwise payable under the Contract. The amount of the Earnings Increase Amount depends upon the age of the Annuitant on the Contract's EffectiveSegment Maturity Date. If the Annuitant was age 69 or younger on the Contract's Effective Date, the Earnings Increase Amount is equal to 40% of the lesser of: (1) Net Purchase Payments; or (2) Fund Value minus Purchase Payments. If the Annuitant was age 70 or older on the Contract's Effective Date, the Earnings Increase Amount is equal to 25% of the lesser of: (1) Net Purchase Payments; or (2) Fund Value minus Purchase Payments. The payments and values described in (1) and (2) above: ---------------------- (1) In the calculations of Step Up Value, for each partial surrender, the proportionate reduction percentage is equal to the amount of that partial surrender divided by the Fund Value immediately before the partial surrender. 33 DEATH BENEFIT (a) do not include Purchase Payments made during the 12-month period immediately prior to the date due proof of death is received by the Company; and (b) reflect any partial surrenders made including any applicable Market Value Adjustment and any surrender charge, and are reduced by any outstanding debt. The Earnings Increase Amount is calculated as of the date due proof of death of the Annuitant (or Secondary Annuitant) prior to the annuity starting date is received by the Company. There are important things you should consider before you select the earnings increase death benefit. These include: o The earnings increase death benefit does not guarantee that any amount will be added to your death benefit when payable. You bear the investment risk of investing in the subaccounts. Market declines may cause your Fund Value to be less than your Net Purchase Payments. In that event, we will not pay any amount under the Earnings Increase Death Benefit. o Once you select the Earnings Increase Death Benefit, you cannot cancel it. This means that regardless of any changes in your circumstances, or even if the investment performance of the portfolios is such that the resulting basic death benefit would be sufficient to meet your needs, we will continue to assess the Earnings Increase Death Benefit charges. o Please take advantage of the guidance of a qualified financial adviser in evaluating the Earnings Increase Death Benefit option, as well as the other aspects of the Contract. ELECTION AND EFFECTIVE DATE OF ELECTION The Owner may elect to have the death benefit of the Contract applied under one of four settlement options to effect an annuity for the Beneficiary as payee after the death of the Annuitant. The election must take place: (1) during the lifetime of the Annuitant, and (2) before the annuity payments start. If no election of a settlement option for the death benefit is in effect on the date when proceeds become payable, the Beneficiary may elect: (1) to receive the death benefit in the form of a lump sum payment; or (2) to have the death benefit applied under one of the settlement options. (See "Settlement options".) If an election by the payee is not received by the Company within one month following the date proceeds become payable, the payee will be considered to have elected a lump sum payment. Either election described above may be made by filing a written election with the Company in such form as it may require. Any proper election of a method of settlement of the death benefit by the Owner will become effective on the date it is signed. However, any election will be subject to any payment made or action taken by the Company before receipt of the notice at the Company's Operations Center. Settlement option availability may be restricted by the terms of any applicable retirement plan and any applicable legislation for any limitations or restrictions on the election of a method of settlement and payment of the death benefit. PAYMENT OF DEATH BENEFIT PROCEEDS If the death benefit proceeds are to be paid in cash to the Beneficiary, payment will be made within seven (7) days of the date due proof of death of the Annuitant is received. The Company may be permitted to postpone such payment from amounts payable from MONY America Variable Account A under the 1940 Act. If the death benefit is to be paid in one sum to the successor Beneficiary, or to the estate of the deceased Annuitant, payment will be made within seven (7) days of the date due proof of the death of the Annuitant and the Beneficiary is received by the Company. Unless another election is made, the death benefit proceeds will be transferred to an interest bearing checking account. The Beneficiary may make partial or full withdrawals from such account through a checkbook provided to the Beneficiary. DEATH BENEFIT 34 9. CHARGES AND DEDUCTIONS -------------------------------------------------------------------------------- The following table summarizes the charges and deductions under the Contract:
------------------------------------------------------------------------------------------------------------------------------------ DEDUCTIONS FROM PURCHASE PAYMENTS ------------------------------------------------------------------------------------------------------------------------------------ Tax charge Range for State and local premium tax -- 0% to 3.50%(1). Federal -- Currently 0% (Company reserves the right to charge in the future.) ------------------------------------------------------------------------------------------------------------------------------------ DAILY DEDUCTIONS FROM MONY AMERICA VARIABLE ACCOUNT A ------------------------------------------------------------------------------------------------------------------------------------ Mortality & expense risk charge Option 1 Annual Rate deducted daily from average daily net assets Maximum daily rate -- 0.003836% Option 1 -- Current annual rate is 1.20%. Maximum annual rate -- 1.40% ----------------------------------------------------------------------- Option 2 Maximum daily rate -- 0.005342% Option 2 -- Current annual rate is 1.70%. Maximum annual rate -- 1.95% ----------------------------------------------------------------------- Option 3(2) Maximum daily rate -- 0.007671% Option 3 -- Current annual rate is 2.35%. Maximum annual rate -- 2.80% ------------------------------------------------------------------------------------------------------------------------------------ DEDUCTIONS FROM FUND VALUE ------------------------------------------------------------------------------------------------------------------------------------ Annual contract charge Maximum annual contract charge Option 1 -- Current charge is $30. Option 1 -- The annual contract charge may be increased to a maxi- mum of $50 on 30 days written notice. Option 2 -- Current charge is $0. Option 2 -- The annual contract charge may be increased to a maxi- mum of $50 on 30 days written notice. Option 3(2) -- Current charge is $0. Option 3(2) -- The annual contract charge may be increased to a maximum of $50 on 30 days written notice. ------------------------------------------------------------------------------------------------------------------------------------ Transaction and other charges Maximum Transaction and Other Charges Transfer charge Option 1 -- Current charge is $0. Option 1 -- The Company has reserved the right to impose a charge for each transfer which will not exceed $25. Option 2 -- Current charge is $0. Option 2 -- The Company has reserved the right to impose a charge for each transfer which will not exceed $25. Option 3(2) -- Current charge is $0. Option 3(2) -- The Company has reserved the right to impose a charge for each transfer which will not exceed $25. ------------------------------------------------------------------------------------------------------------------------------------ Surrender charge Grades from 7% to 0% of Fund Value surrendered based on a See grading schedule and "Charges and deductions -- Charges schedule against fund value" for details of how it is computed. ------------------------------------------------------------------------------------------------------------------------------------ Loan interest spread 2.50% ------------------------------------------------------------------------------------------------------------------------------------
(1) Company currently assumes responsibility; current charge to Owner 0%. (2) As of November 29, 2004, Option 3 was no longer available for new business. The following provides additional details of the charges and deductions under the Contract. Please note that the amount of the charge may not necessarily correspond to the costs associated with providing the services or benefits indicated by the designation of the charge. For example, the surrender charge we collect may not fully cover all of the sales and distribution expenses we actually incur. We also may realize a profit on one or more of the charges. We may use such profits for any corporate purpose, including the payment of sales expenses. 35 CHARGES AND DEDUCTIONS DEDUCTIONS FROM PURCHASE PAYMENTS Deductions may be made from Purchase Payments for a charge for state and local premium or similar taxes prior to allocation of any Net Purchase Payment among the subaccounts. Currently, the Company makes no deduction, but may do so with respect to future Purchase Payments. If the Company is going to make deductions for such tax from future Purchase Payments, it will give notice to each affected Owner. CHARGES AGAINST FUND VALUE DAILY DEDUCTION FROM MONY AMERICA VARIABLE ACCOUNT A MORTALITY AND EXPENSE RISK CHARGE. The Company assumes mortality and expense risks. A charge for assuming such risks is deducted daily from the net assets of MONY America Variable Account A. The charge varies based on the benefit option package selected. Option 1 -- For Option 1, the daily mortality and expense risk charge from MONY America Variable Account A is deducted at a current daily rate equivalent to an annual rate of 1.20% from the value of the net assets of MONY America Variable Account A. The rate is guaranteed not to exceed a daily rate equivalent to an annual rate of 1.40% from the value of the net assets of MONY America Variable Account A. The mortality and expense risk charge is deducted from MONY America Variable Account A, and therefore the subaccounts, on each Business Day. Where the previous day (or days) was not a Business Day, the deduction currently on the next Business Day will be 0.003288% (guaranteed not to exceed 0.003836%) multiplied by the number of days since the last Business Day. Option 2 -- For Option 2, the daily mortality and expense risk charge from MONY America Variable Account A is deducted at a current daily rate equivalent to an annual rate of 1.70% from the value of the net assets of MONY America Variable Account A. The rate is guaranteed not to exceed a daily rate equivalent to an annual rate of 1.95% from the value of the net assets of MONY America Variable Account A. The mortality and expense risk charge is deducted from MONY America Variable Account A, and therefore the subaccounts, on each Business Day. Where the previous day (or days) was not a Business Day, the deduction currently on the next Business Day will be 0.004658% (guaranteed not to exceed 0.005342%) multiplied by the number of days since the last Business Day. Option 3 -- For Option 3, the daily mortality and expense risk charge from MONY America Variable Account A is deducted at a current daily rate equivalent to an annual rate of 2.35% from the value of the net assets of MONY America Variable Account A. The rate is guaranteed not to exceed a daily rate equivalent to an annual rate of 2.80% from the value of the net assets of MONY America Variable Account A. The mortality and expense risk charge is deducted from MONY America Variable Account A, and therefore the subaccounts, on each Business Day. Where the previous day (or days) was not a Business Day, the deduction currently on the next Business Day will be 0.006438% (guaranteed not to exceed 0.007671%) multiplied by the number of days since the last Business Day. The mortality risk assumed by the Company is that Annuitants may live for a longer time than projected. If that occurs, an aggregate amount of annuity benefits greater than that projected will be payable. In making this projection, the Company has used the mortality rates from the 1983 Table "a" (discrete functions without projections for future mortality), with 3.50% interest. In addition, the Company also assumes risk in connection with the Step-Up Value, Roll-Up Value and Earnings Increase Death Benefit. The expense risk assumed is that expenses incurred in issuing and administering the Contracts will exceed the expense charges provided in the Contracts. Mortality and expense risk charges which may be assessed under Contracts will not be assessed against any allocation to the Guaranteed Interest Account with Market Value Adjustment. Such charges apply only to the Fund Value allocated to the Subaccounts. If the amount of the mortality and expense risk charge exceeds the amount needed, the excess will be kept by the Company in its General Account. If the amount of the charge is inadequate, the Company will pay the difference out of its General Account. DEDUCTIONS FROM FUND VALUE ANNUAL CONTRACT CHARGE. The Company has primary responsibility for the administration of the Contract and MONY America Variable Account A. An annual contract charge helps to reimburse the Company for administrative expenses related to the maintenance of the Contract. Ordinary administrative expenses expected to be incurred include premium collection, recordkeeping, processing death benefit claims and surrenders, preparing and mailing reports, and overhead costs. In addition, the Company expects to incur certain additional administrative expenses in connection with the issuance of the Contract, including the review of applications and the establishment of Contract records. The Company intends to administer the Contract itself through an arrangement whereby it may buy some administrative services from AXA Equitable and such other sources as may be available. The current amount of the annual contract charge depends upon the benefit option package selected. -------------------------------------------------------------------------------- ANNUAL CONTRACT CHARGE -------------------------------------------------------------------------------- OPTION 1 OPTION 2 OPTION 3 -------------------------------------------------------------------------------- Current charge is Current Charge is Current Charge is $0. $30. $0. -------------------------------------------------------------------------------- The annual contract The annual contract The annual contract charge may be charge may be charge may be increased to a maxi- increased to a maxi- increased to a maxi- mum of $50. mum of $50. mum of $50. -------------------------------------------------------------------------------- The Owner will receive a written notice 30 days in advance of any change in the charge. Any applicable charge will be assessed once per year on the Contract Anniversary, starting on the first Contract Anniversary. If applicable, the annual contract charge is deducted from the Fund Value on each Contract Anniversary before the date annuity payments start. The amount of the charge will be allocated against the Guaranteed Interest Account with Market Value Adjustment and each subaccount of MONY America Variable Account A in the same proportion that the Fund Value in those accounts bears to the Fund Value of the Contract. The Company does not expect to make any profit from the Annual Contract Charge. TRANSFER CHARGE. Contract value may be transferred among the subaccounts or to or from the Guaranteed Interest Account with Market Value Adjustment and one or more of the subaccounts (including transfers made by telephone, facsimile or via the web, if permitted by the Company). Although we currently do not charge for transfers, the Company reserves the right to impose a transfer charge for each trans- CHARGES AND DEDUCTIONS 36 fer instructed by the Owner. The transfer charge compensates the Company for the costs of effecting the transfer. The transfer charge will not exceed $25. The Company does not expect to make a profit from the transfer charge. If imposed, the transfer charge will be deducted from the Contract's Fund Value held in the subaccount(s) or from the Guaranteed Interest Account with Market Value Adjustment from which the first transfer is made. SURRENDER CHARGE. A contingent deferred sales charge (called a "Surrender Charge") will be imposed when a full or partial surrender is requested or at the start of annuity benefits if it is during the first eight years of the Contract. The surrender charge will never exceed 7% of the total Fund Value. The surrender charge is intended to reimburse the Company for expenses incurred in distributing the Contract. To the extent such charge is insufficient to cover all distribution costs, the Company will make up the difference. The Company will use funds from its General Account, which may contain funds deducted from MONY America Variable Account A to cover mortality and expense risks borne by the Company. (See "Mortality and expense risk charge"). We impose a surrender charge when a full or partial surrender is made during the first eight Contract Years, except as provided below. A surrender charge will not be imposed: (1) Against Fund Value surrendered after the eighth Contract Year. (2) To the extent necessary to permit the Owner to obtain an amount equal to the free partial surrender amount (See "Free partial surrender amount"). (3) If the Contract is surrendered after the third Contract Year and the surrender proceeds are paid under either Settlement Option 3 or Settlement Option 3A (See "Settlement options"). The elimination of a surrender charge in this situation does not apply to Contracts issued in the State of Texas. (4) Subject to approval within a state, if the Owner is confined in a Nursing Home and the following conditions are met: (a) At the time a request for a full or partial surrender is made, the Company receives proof the Owner is currently confined to a Nursing Home and has spent a period of 90 consecutive days in the Nursing Home; (b) the confinement must have been prescribed by a physician; (c) the 90-day period must have started after the Contract's first anniversary; and (d) the Annuitant is between ages 0-75 at the time the Contract is issued. -------------------------------------------------------------------------------- NURSING HOME(1) -- A facility which (a) is licensed by or legally operated in a state as a skilled or intermediate care facility; (b) provides 24 hour per day nursing care under the supervision of a registered nurse to persons who do not require hospitalization but who do require care above the level of room and board with assistance; (c) is under the supervision of a physician; and (d) maintains a daily clinical record of each patient in conformance with a plan of care. A nursing home does not include a hospital or a facility licensed only to offer supervised or assisted room and board, rest care, care of the aged or treatment of alcoholism, drug addictions or mental or nervous disorders. (1) The definition of Nursing Home may vary by state. -------------------------------------------------------------------------------- In no event will the aggregate surrender charge exceed 7% of the Fund Value. Further, in no event will the surrender charges imposed, when added to any surrender charges previously paid on the Contract, exceed 9% of aggregate Purchase Payments made to date for the Contract. The Owner may specify whether he/she wants the surrender charge to be deducted from the amount requested for surrender or the Fund Value remaining. If not specified or if the Fund Value remaining is not sufficient, then the surrender charge will be deducted from the amount requested for surrender. If it is specified that the surrender charge will come from the remaining Fund Value and it is sufficient, then the Company will determine the appropriate amount to be surrendered in order to pay the surrender charge. Any surrender charge will be allocated against the Guaranteed Interest Account with Market Value Adjustment and each subaccount of MONY America Variable Account A in the same proportion that the amount of the partial surrender allocated against those accounts bears to the total amount of the partial surrender. If any surrender from the Guaranteed Interest Account with Market Value Adjustment occurs prior to the Maturity Date for any particular Accumulation Period elected by the Owner, the amount surrendered will be subject to a Market Value Adjustment in addition to Surrender Charges. No surrender charge will be deducted from death benefits except as described in "Death benefit". If an existing The MONYMaster variable annuity contract issued by MONY Life Insurance Company of America is exchanged for this Contract, a separate effective date will be assigned to the Contract by endorsement for purposes of determining the amount of any Surrender Charge. The surrender charge effective date of this Contract with the endorsement will be the effective date of the existing The MONYMaster variable annuity contract. Your agent can provide further details.
We reserve the right to ~~disallow exchanges~~change or cancel this provision at any time. ~~AMOUNT OF SURRENDER CHARGE.~~
Effect of your death on the Structured Investment Option
In general, if you die while your EQUI-VEST^® contract is in force, it terminates and the applicable death benefit is paid.
Once we have received notice of your death and until the death benefit is processed, we will not make any transfers from the Segment Holding Account to a Segment. Amounts in the Segment Holding Account will be defaulted into the EQ/Money Market variable investment option on the next scheduled Segment Maturity Date. If Segments mature, the Segment Maturity Value will be transferred to the EQ/Money Market variable investment option.

There are various circumstances, however, in which your EQUI-VEST^® contract can be continued under a Beneficiary continuation option (“BCO”). For more information please see the “Beneficiary continuation option” in your prospectus and “How the Structured Investment Option affects the Beneficiary continuation option” below.

~~How the Structured Investment Option affects the Beneficiary continuation option~~

This feature permits a designated individual, on your death, to maintain a contract with your name on it and receive distributions under the contract, instead of receiving the death benefit in a single sum.

~~Under the Beneficiary continuation option, if you have any account value in a Segment or Segment Holding Account:~~

The ~~amount~~transfer restrictions on amounts in Segments prior to election of the surrender charge is equal to a varying percentage of Fund Value during the first 8 Contract Years. The surrender charge is determined by multiplying the surrender charge percentage for the Contract Year by the amount of Fund Value requested as follows: -------------------------------------------------------------------------------- SURRENDER CHARGE PERCENTAGE TABLE -------------------------------------------------------------------------------- # of Contract Anniversaries Since Surrender Charge (as a % of Effective Date Fund Value surrendered) -------------------------------------------------------------------------------- 0 7% -------------------------------------------------------------------------------- 1 7 -------------------------------------------------------------------------------- 2 6 -------------------------------------------------------------------------------- 3 6 -------------------------------------------------------------------------------- 4 5 -------------------------------------------------------------------------------- 5 4 -------------------------------------------------------------------------------- 6 3 -------------------------------------------------------------------------------- 7 2 -------------------------------------------------------------------------------- 8 (or more) 0 -------------------------------------------------------------------------------- The amount of the surrender charge isbeneficiary continuation option remain in ~~addition to any applicable Market Value Adjustment that may be made if the surrender is made from Fund Value~~place. Any amounts in the Guaranteed Interest Account with Market Value Adjustment. (See "Guaranteed Interest Account with Market 37 CHARGES AND DEDUCTIONS Value Adjustment -- Surrenders" and the prospectus for the Guaranteed Interest Account with Market Value Adjustment which accompanies this prospectus for further details.) FREE PARTIAL SURRENDER AMOUNT. The surrender charge may be reduced by using the free partial surrender amount provided for in the Contract. The surrender charge will not be deducted in the following circumstances: (1) For Qualified Contracts, (other than contracts issued for IRA and SEP-IRA), an amount each Contract Year up to the greater of: (a) $10,000 (but not more than the Contract's Fund Value), or (b) 10% of the Contract's Fund Value at the beginning of the Contract Year (except if the surrender is requested during the first Contract Year, then 10% of the Contract's Fund Value at the time the first surrender is requested). (2) For Non-Qualified Contracts (and contracts issued for IRA and SEP-IRA), an amount up to 10% of the Contract's Fund Value at the beginning of the Contract Year (except if the surrender is requested during the first Contract Year, then 10% of the Contract's Fund Value at the time the first surrender is requested) may be received in each Contract Year without a surrender charge. Free partial surrenders may only be made to the extent Cash Value in the subaccounts and/or Guaranteed Interest Account is available. For example, the Fund Value in the MONY America Variable Account A could decrease (due to unfavorable investment experience) after part of the 10% was withdrawn. In that case it is possible that thereSegments may not be ~~enough Cash Value to provide the remaining part~~transferred out of the ~~10% free partial surrender amount. Contract Fund~~Segments until their Segment Maturity Dates. The Segment Maturity Value here means the Fund Value in the subaccounts (and the Guaranteed Interest Account with Market Value Adjustment not the loan account). This reduction of surrender charge does not affect any applicable Market Value Adjustment that may be ~~made~~reinvested in other investment options. However, if the ~~surrender is made from Fund Value~~beneficiary has chosen the “5-year rule,” amounts may not be invested in ~~the Guaranteed Interest Account~~Segments with Market Value Adjustment. (See "Guaranteed Interest Account with Market Value Adjustment -- Surrenders" and the prospectus for the Guaranteed Interest Account with Market Value Adjustment which accompanies this prospectus for further details.) TAXES Currently, no charge will be made against MONY America Variable Account A for federal income taxes. However, the Company may make such a charge in the future if income or gains within MONY America Variable Account A will incur any federal income tax liability. Charges for other taxes, if any, attributable to MONY America Variable Account A may also be made. (See "Federal tax status".) INVESTMENT ADVISORY AND OTHER FEES Each portfolio in which MONY America Variable Account A invests incurs certain fees and charges. To pay for these fees and charges, the portfolio makes deductions from its assets. Certain portfolios available under the Contract in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ Advisors Trust and/or shares of unaffiliated portfolios (collectively the "underlying portfolios"). The underlying portfolios each have their own fees and expenses, including management fees, operating expenses, and investment related expenses such as brokerage commissions. The portfolio expenses are described more fully in each Fund prospectus. We sell the Contracts through registered representatives of broker-dealers. These registered representatives are also appointed and licensed as insurance agentsSegment Maturity Dates later than December 31st of the ~~Company. We pay commissions to~~calendar year which contains the ~~broker-dealers for selling the Contracts. You do not directly pay these commissions, we do. We intend to recover commissions, marketing, administrative and other expenses and cost~~fifth anniversary of ~~Contract benefits through the fees and charges imposed under the Contracts. (See "Distribution of the Contracts" for~~your death.

If there is more information.) CHARGES AND DEDUCTIONS 38 10. ANNUITY PROVISIONS -------------------------------------------------------------------------------- ANNUITY PAYMENTS Annuity payments under a Contract will begin on the date that is selected by the Owner when the Contract is applied for. The date chosen for the start of annuity payments may be: (1) no earlier than the 10th Contract Anniversary, and (2) no later than the Contract Anniversary after the Annuitant's 95th birthday. The minimum number of years from the Effective Date to the start of annuity payments is 10. While the Annuitant is living, the date when annuity payments start may be: (1) Advanced to a date that is not earlier than the 10th Contract Anniversary. (2) Deferred from time to time by the Owner by written notice to the Company. The date when annuity payments start will be advanced or deferred if: (1) Notice of the advance or deferral is received by the Company prior to the current date for the start of annuity payments. (2) The new start date for annuity payments is a date which is not later than the Contract Anniversary after the Annuitant's 95th birthday. The change will be effectiveone beneficiary, then as of the date we receive ~~your written request at~~satisfactory proof of death, any required instructions, information and forms necessary to effect the beneficiary continuation option feature for the first beneficiary, all Segments will continue for each beneficiary.

A beneficiary who chooses to receive annual payments over his life expectancy should consult his tax adviser about selecting Segments that provide sufficient liquidity to satisfy the payout requirements under this option.

~~About Separate Account No. 69~~

We hold assets in a “non-unitized” separate account we have established under the New York Insurance Law to support our ~~Operations Center. You do not need to return~~obligations under the ~~Contract for us to make~~Structured Investment Option. We own the ~~change unless we ask for it. A particular retirement plan may contain other restrictions. For Contracts issued in connection with retirement plans, reference should be made to the terms~~assets of the ~~particular retirement plan for~~separate account, as well as any ~~limitations or restrictions~~favorable investment performance on when annuity payments start. When annuity payments start, unless Settlement Option 3 or 3A is elected, the Contract's Cash Value, less any tax charge which may be imposed, will be applied to provide an annuity or any other option previously chosen by the owner and permitted by the Company. If Settlement Option 3 or 3A is elected, the Contract's Fund Value (less any state taxes imposed upon annuitization) will be applied to provide an annuity. A supplementary contract will be issued. That contract will describe the terms of the settlement. No payments may be requested under the Contract's surrender provisions after annuity payments start. No surrender will be permitted except as may be available under the settlement option elected. GUARANTEED MINIMUM ANNUITY PAYMENTS Under Option 3, guaranteed minimum annuity payments are available. If certain conditions are met, a guaranteed minimum value called the "Guaranteed Annuitization Value" may be used to provide annuity payments that are greater than the annuity payments that would be provided by the Fund Value described in the Contract. The Guaranteed Annuitization Value is: o the sum of all Net Purchase Payments made, plus o interest accumulated at an annual rate of 5% (interest is credited from the date we receive the Purchase Payment to the Contract Anniversary prior to the Annuitant's 81st birthday), o reduced proportionately for each partial surrender including any surrender charges and Market Value Adjustments, if applicable. The Guaranteed Annuitization Value provides annuity payments based on the 1983 Table "a", Projection Scale "G" with 3% interest. In no event can the Guaranteed Annuitization Value exceed 200% of: o the Net Purchase Payments made reduced proportionately for each partial surrender, including any surrender charges and any Market Value Adjustments, if applicable, and o less any outstanding debt. To apply the Guaranteed Annuitization Value to provide annuity payments, the following conditions must be met: (1) The Contract must have been in force for at least 7 years. (2) The Annuitant must have attained age 60. (3) The annuitization must be elected within 30 days after a Contract anniversary. (4) Settlement Option 3 or 3A must be elected. (See "Settlement Options"). (5) The entire amount of Guaranteed Annuitization Value must be used to provide annuity payments. Once annuity payments provided by the Guaranteed Annuitization Value begin, no withdrawals may be made. The availability of guaranteed minimum annuity payments under Option 3 or 3A, does not limit the Owner's right to start annuity payments using the Contract's Cash Value or the Contract's Fund Value, as applicable, at any other time as permitted under the Contract. Guaranteed minimum annuity payments are not available under Contracts issued in the state of Washington. ELECTION AND CHANGE OF SETTLEMENT OPTION Instead of being paid in a single sum, you may elect to receive any death or surrender proceeds from the Contract in the form of a settlement option. During the lifetime of the Annuitant and prior to the start of annuity payments, the Owner may elect: o one or more of the settlement options described below, or o another settlement option as may be agreed to by the Company. The Owner may also change any election while the Annuitant is living if written notice of the change is received by the Company at its Operations Center prior to the start of annuity payments. Depending upon when you purchased your Contract, if no election is in effect on the Annuity Starting Date, either Settlement Option 3 with a 10-year certain or a lump sum payment will be deemed to have been elected. For contracts issued in the State of Texas, if no election is in effect when annuity payments start, Settlement Option 3 with a period certain of 10 years will be considered to have been elected. 39 ANNUITY PROVISIONS Settlement options may also be elected by the Owner or the Beneficiary as provided in the Death benefit and Surrender sections of this prospectus. (See "Death benefit" and "Surrenders".) Where applicable, reference should be made to the terms of a particular retirement plan and any applicable legislation for any limitations or restrictions on the options that may be elected. SETTLEMENT OPTIONS Proceeds settled under the settlement options listed below or otherwise currently available willthose assets. You do not participate in the investment experience of MONY America Variable Account A. Unless you elect Settlement Option 1, you cannot change settlement options once settlement payments begin. SETTLEMENT OPTION 1 -- INTEREST INCOME: The Company holds the proceeds and credits interest earned on the proceeds at a rate (not less than 2.75% per year) set by the Company each year. This Option will continue until the earlier of the date the payee dies or the date you elect another settlement option. Under certain contracts, this option is not available if the Annuitant is the payee. SETTLEMENT OPTION 2 -- INCOME FOR SPECIFIED PERIOD: Fixed monthly payments for a specified period of time, as elected. The payments may, at the Company's option, be increased by additional interest each year. SETTLEMENT OPTION 3 -- SINGLE LIFE INCOME: Payments for the life of the payee and for a period certain. The period certain may be (a) 0 years, 10 years, or 20 years, or (b) the period required for the total income payments to equal the proceeds (refund period certain). The amount of the income will be determined by the Company on the date the proceeds become payable. SETTLEMENT OPTION 3A -- JOINT LIFE INCOME: Payments during the joint lifetime of the payee and one other person, and during the lifetime of the survivor. The survivor's monthly income may be equal to either (a) the income payable during the joint lifetime or (b) two-thirds of that income, depending on the election made at the time of settlement. If the lesser (two-thirds) amount paid to the survivor is elected, the dollar amount payable while both persons are living will be larger than it would have been if the same amount paid to the survivor had been elected. If a person for whom this option is chosen dies before the first monthly payment is made, the survivor will receive proceeds instead under Settlement Option 3, with 10 years certain. SETTLEMENT OPTION 4 -- INCOME OF SPECIFIED AMOUNT: Income, of an amount chosen, for as long as the proceeds and interest last. The amount chosen to be received as income in each year may not be less than 10 percent of the proceeds settled. Interest will be credited annually on the amount remaining unpaid at a rate determined annually by the Company. This rate will not be less than 2.75% per year. The Contract contains annuity payment rates for Settlement Options 3 and 3A described in this prospectus. The rates show, for each $1,000 applied, the dollar amount of the monthly fixed annuity payment, when this payment is based on minimum guaranteed interest as described in the Contract. The annuity payment rates may vary according to the settlement option elected and the age of the payee. The mortality table used in determining the annuity payment rates for Settlement Options 3 and 3A is the 1983 Table "a" (discrete functions, without projections for future mortality), with 3.50% interest per year. Under Settlement Option 3, if income based on the period certain elected is the same as the income provided by another available period or periods certain, the Company will consider the election to have been made of the longest period certain. In Qualified Plans, settlement options available to Owners may be restricted by the terms of the plans. FREQUENCY OF ANNUITY PAYMENTS At the time the settlement option is chosen, the payee may request that it be paid: o Quarterly; o Semiannually; or o Annually If the payee does not request a particular installment payment schedule, the payments will be made in monthly installments. However, if the net amount available to apply under any settlement option is less than $1,000, the Company has the right to pay such amount in one lump sum. In addition, if the payments provided for would be less than $25, the Company shall have the right to change the frequency of the payments to result in payments of at least $25. ADDITIONAL PROVISIONS The Company may require proof of the age of the Annuitant before making any life annuity payment under the Contract. If the Annuitant's age has been misstated, the amount payable will be the amount that would have been provided under the settlement option at the correct age. Once life income payments begin, any underpayments will be made up in one sum with the next annuity payment. Overpayments will be deducted from the future annuity payments until the total is repaid. The Contract may be required to be returned upon any settlement. Prior to any settlement of a death claim, proof of the Annuitant's death must be submitted to the Company. Where any benefits under the Contract are contingent upon the recipient's being alive on a given date, the Company requires proof satisfactory to it that such condition has been met. The Contracts described in this prospectus contain annuity payment rates that distinguish between men and women. On July 6, 1983, the Supreme Court held in Arizona Governing Committee v. Norris that optional annuity benefits provided under an employer's deferred compensation plan could not, under Title VII of the Civil Rights Act of 1964, vary between men and women on the basis of sex. Because of this decision, the annuity payment rates that apply to Contracts purchased under an employment-related insurance or benefit program may in some cases not vary on the basis of the Annuitant's sex. Unisex rates to be provided by the Company will apply for Qualified Plans. Employers and employee organizations should consider, in consultation with legal counsel, the impact of Norris , and Title VII, generally and any comparable state laws that may apply, on any employment-related plan for which a Contract may be purchased. The Contract is incontestable from its date of issue. GUARANTEED INTEREST ACCOUNT AT ANNUITIZATION On the Annuity Starting Date, the Contract's Cash Value, including the Cash Value of all Accumulation Periods of the Guaranteed Interest Account with Market Value Adjustment, will be applied to provide an ANNUITY PROVISIONS 40 annuity or any other option previously chosen by the Owner and permitted by the Company. No Market Value Adjustment will apply at annuitization if the owner elects Settlement Option 3 or 3A. For more information about annuitization and annuity options, please refer to the Contract. 41 ANNUITY PROVISIONS 11. OTHER PROVISIONS -------------------------------------------------------------------------------- OWNERSHIP The Owner has all rights and may receive all benefits under the Contract. During the lifetime of the Annuitant (and Secondary Annuitant if one has been named), the Owner is the person so designated in the application, unless: (1) A change in Owner is requested, or (2) A Successor Owner becomes the Owner. The Owner may name a Successor Owner or a new Owner at any time. If the Owner dies, the Successor Owner, if living, becomes the Owner. Any request for change must be: (1) Made in writing, and (2) Received at the Company. The change will become effective as of the date the written request is signed. A new choice of Owner or Successor Owner will apply to any payment made or action taken by the Company after the request for the change is received. Owners should consult a competent tax adviser prior to changing Owners. -------------------------------------------------------------------------------- SUCCESSOR OWNER -- The living person who, at the death of the Owner, becomes the new Owner. -------------------------------------------------------------------------------- PROVISION REQUIRED BY SECTION 72(S) OF THE CODE The entire interest under a Non-Qualified Contract must be distributed within five years after the Owner's death if: (1) The Owner dies before the start of annuity payments, and (2) The Owner's spouse is not the Successor Owner as of the date of the Owner's death. Satisfactory proof of death must be provided to the Company. Spousal status is determined under federal law for this purpose. This provision shall not extend the term of the Contract beyond the date when death proceeds become payable. The surrender proceeds may be paid over the life of the Successor Owner if: (1) The Successor Owner is the Beneficiary, and (2) The Successor Owner chooses that option. Payments must begin no later than one year after the date of death. If the Successor Owner is a surviving spouse, then the surviving spouse will be treated as the new Owner of the Contract. Under such circumstances, it is not necessary to surrender the Contract. If the Owner dies on or after annuity payments start, any remaining portion of the proceeds will be distributed using a method that is at least as quick as the one used as of the date of the Owner's death. PROVISION REQUIRED BY SECTION 401(A)(9) OF THE CODE The entire interest of a Qualified Plan participant in the Contract generally will begin to be distributed no later than the required beginning date. For this purpose "Qualified Plans" include those intended to qualify under Sections 401 and 408 of the Code. Distribution will occur either by or beginning not later than April 1st of the calendar year following the calendar year the Qualified Plan Participant attains age 70-1/2. The interest is distributed: (1) Over the life of such Participant, or (2) The lives of such Participant and designated Beneficiary. If (i) required minimum distributions have begun, and (ii) the Participant dies before the Owner's entire interest has been distributed to him/her, the remaining distributions will be made using a method that is at least as rapid as that used as of the date of the Participant's death. The Contract generally will be surrendered as of the Participant's death if: (1) The Participant dies before the start of such distributions, and (2) There is no designated Beneficiary. The surrender proceeds generally must be distributed within 5 years after the date of death. But, the surrender proceeds may be paid over the life of any designated Beneficiary at his/her option. In such case, distributions will begin not later than one year after the December 31st following the Participant's death. If the designated Beneficiary is the surviving spouse (as ordered by federal law) of the Participant, distributions will begin not earlier than the December 31st following the date on which the participant would have attained age 70-1/2. If the surviving spouse dies before distributions to him/her begin, the provisions of this paragraph shall be applied as if the surviving spouse were the Participant. If the Qualified Plan is an IRA under Section 408 of the Code, the surviving spouse may elect to forgo distribution and treat the IRA as his/her own plan. Although the lifetime required minimum distribution rules do not apply to Roth IRAs under Section 408A of the Code, the post-death distribution rules apply. It is the Owner's responsibility to assure that distribution rules imposed by the Code will be met. The Owner should consider the effect of recent revisions to the distribution rules which could increase the minimum distribution amount required from annuity contracts funding Qualified Plans where certain additional benefits are purchased under the Contract. For this purpose additional annuity contract benefits may include, but are not limited to, guaranteed minimum income benefits and enhanced death benefits. The Owner may want to consult a tax advisor concerning the potential application of these complex rules before purchasing this annuity Contract, purchasing additional features under this annuity Contract or making additional Purchase Payments under this annuity Contract. SECONDARY ANNUITANT Except where the Contract is issued in connection with a Qualified Plan, a Secondary Annuitant may be designated by the Owner. Such designation may be made only once before annuitization, either: (1) In the application for the Contract, or (2) After the Contract is issued, by written notice to the Company at its Operations Center. OTHER PROVISIONS 42 You cannot change the Secondary Annuitant, but you can delete the Secondary Annuitant. The Secondary Annuitant may be deleted by written notice to the Company at its Operations Center. A designation or deletion of a Secondary Annuitant will take effect as of the date the written election was signed. The Company, however, must first accept and record the change at its Operations Center. The change will be subject to: (1) Any payment made by the Company, or (2) Action taken by the Company before the receipt of the notice at the Company's Operations Center. The Secondary Annuitant will be deleted from the Contract automatically by the Company as of the Contract Anniversary following the Secondary Annuitant's 95th birthday. On the death of the Annuitant, the Secondary Annuitant will become the Annuitant, under the following conditions: (1) The death of the Annuitant must have occurred before the Annuity Starting Date; (2) The Secondary Annuitant is living on the date of the Annuitant's death; (3) If the Annuitant was the Owner on the date of death, the Successor Owner must have been the Annuitant's spouse (as defined by federal law); and (4) If the date annuity payments start is later than the Contract Anniversary nearest the Secondary Annuitant's 95th birthday, the date annuity payments start will be automatically advanced to that Contract Anniversary. EFFECT OF SECONDARY ANNUITANT'S BECOMING THE ANNUITANT. If the Secondary Annuitant becomes the Annuitant, the Death Benefit proceeds will be paid to the Beneficiary only on the death of the Secondary Annuitant. If the Secondary Annuitant was the Beneficiary on the Annuitant's death, the Beneficiary will be automatically changed to the person who was the successor Beneficiary on the date of death. If there was no successor Beneficiary, then the Secondary Annuitant's executors or administrators, unless the Owner directed otherwise, will become the Beneficiary. All other rights and benefits under the Contract will continue in effect during the lifetime of the Secondary Annuitant as if the Secondary Annuitant were the Annuitant. ASSIGNMENT The Owner may assign the Contract. However, the Company will not be bound by any assignment until the assignment (or a copy) is received by the Company at its Operations Center. The Company is not responsible for determining the validity or effect of any assignment. The Company shall not be liable for any payment or other settlement made by the Company before receipt of the assignment. If the Contract is issued under certain retirement plans, then it may not be assigned, pledged or otherwise transferred except under conditions allowed under applicable law. Because an assignment may be a taxable event, an Owner should consult a competent tax advisor before assigning the Contract. CHANGE OF BENEFICIARY So long as the Annuitant is living, the Owner may change the Beneficiary or successor Beneficiary. A change is made by submitting a written request to the Company at its Operations Center. The form of the request must be acceptable to the Company. The Contract need not be returned unless requested by the Company. The change will take effect as of the date the request is signed. The Company will not, however, be liable for any payment made or action taken before receipt of the request at its Operations Center. SUBSTITUTION OF SECURITIES The Company may substitute shares of another mutual fund for shares of the Funds already purchased or to be purchased in the future by Contract Purchase Payments if: (1) The shares of any portfolio of the Funds is no longer available for investment by MONY America Variable Account A, or (2) In the judgment of the Company's Board of Directors, further investment in shares of one or more of the portfolios of the Funds is inappropriate based on the purposes of the Contract. The new portfolios may have higher fees and charges than the ones they replaced, and not all portfolios may be available to all classes of contracts. We will notify you before we substitute securities in any subaccount, and, to the extent required by law, we will obtain prior approval from the Securities and Exchange Commission and the Arizona Insurance Department. We also will obtain any other required approvals. (See "Who is MONY Life Insurance Company of America -- MONY America Variable Account A" for more information about changes we may make to the subaccounts). CHANGES TO CONTRACTS The Company reserves the right, subject to compliance with laws that apply, to unilaterally change your Contract in order to comply with any applicable laws and regulations, including but not limited to changes in the Internal Revenue Code, in Treasury regulations or in published rulings of the Internal Revenue Service, ERISA and in Department of Labor regulations. Any change in the Contract must be in writing and made by our authorized officer. We will provide notice of any contract change. CHANGE IN OPERATION OF MONY AMERICA VARIABLE ACCOUNT A To the extent permitted by applicable law, MONY America Variable Account A (i) may be operated as a management company under the 1940 Act,(ii) may be deregistered under the 1940 Act in the event the registration is no longer required, or (iii) may be combined with any of our other MONY America separate accounts. Deregistration of MONY America Variable Account A requires an order by the Securities and Exchange Commission. If there is a change in the operation of MONY America Variable Account A under this provision, the Company may make appropriate endorsement to the Contract to reflect the change and take such other action as may be necessary and appropriate to effect the change. 43 OTHER PROVISIONS 12. VOTING RIGHTS -------------------------------------------------------------------------------- Allperformance of the assets held in ~~the subaccounts of MONY America Variable Account A will be invested in shares of the designated portfolios of the Funds. The Company is the legal holder of these shares. To the extent required by~~this separate account. We may, subject to state law the Company will vote the shares of each of the Funds held in MONY America Variable Account A (whether or not attributable to Owners). We will determine the number of votes which you have the right to cast by applying your percentage interest in a subaccountthat applies, transfer all assets allocated to the ~~total number~~separate account to our general account. We guarantee all benefits relating to your value in the Structured Investment Option, regardless of ~~votes attributable to that subaccount. In determining~~whether assets supporting the ~~number of votes, we will recognize fractional shares. We will vote portfolio shares of a class~~Structured Investment Option are held in a ~~subaccount~~separate account or our general account.

We may invest separate account assets in fixed-income obligations, including corporate bonds, mortgage-backed and asset-backed securities, and government and agency issues. We may also invest in interest rate swaps. Although the above generally describes our plans for ~~which~~investing the assets supporting our obligations under the Structured Investment Option, we ~~received~~are not obligated to invest those assets according to any particular plan except as we may be required to by state insurance laws.

~~3. Distribution of the Contracts~~

The Structured Investment Option is only available under certain annuity contract(s) issued by the Company. Extensive information about the arrangements for distributing the annuity contracts, including sales compensation, is included in the appropriate annuity contract prospectus and in the statement of additional information that relates to that prospectus under “Distribution of the contracts”, respectively. All of that information applies regardless of whether you choose to use the Structured Investment Option, and there is no ~~timely instructions in proportion~~additional plan of distribution or sales compensation with respect to the voting instructions which we received for all contracts participating in that subaccount. We will apply voting instructions to abstain on any item to be voted on a pro-rata basis to reduce the number of votes eligible to be cast. Whenever a Fund calls a shareholders meeting, each person having a voting interest in a subaccount will receive proxy voting material, reports, and other materials relatingStructured Investment Option. There is also no change to the ~~relevant portfolio. Since each Fund may engage in shared funding, other persons or entities besides~~information regarding the Company may vote Fund shares. VOTING RIGHTS 44 13. DISTRIBUTION OF THE CONTRACTS -------------------------------------------------------------------------------- The contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and AXA Distributors, LLC ("AXA Distributors") (together,fact that the ~~"Distributors"). The Distributors serve as~~ principal ~~underwriters of MONY America Variable Account A. The offering of the Contracts is intended to be continuous. AXA Advisors~~underwriter(s) is an affiliate ~~of the Company, and AXA Distributors is~~or an indirect wholly owned subsidiary of the Company. ~~The Distributors are under the common control~~

~~4. Incorporation of ~~AXA~~certain documents by reference~~

Equitable Financial Inc. Their principal business address is 1290 Avenue of the Americas, New York, NY 10104. The Distributors are registered with the SEC as broker-dealers and are members of the Financial Industry Regulatory Authority, Inc. ("FINRA" ). Both broker-dealers also act as distributors for the Company's life and annuity products. The Contracts are sold by financial professionals of AXA Advisors and its affiliates. The Contracts are also sold by financial professionals of unaffiliated broker-dealers that have entered into selling agreements with the Distributors ("Selling broker-dealers"). The Company pays compensation to both Distributors based on contracts sold. The Company may also make additional payments to the Distributors, and the Distributors may, in turn, make additional payments to certain Selling broker-dealers. All payments will be in compliance with all applicable FINRA rules and other laws and regulations. Although the Company takes into account all of its distribution and other costs in establishing the level of fees and charges under its Contracts, none of the compensation paid to the Distributors or the Selling broker-dealers discussed in this section of the prospectus are imposed as separate fees or charges under your Contract. The Company, however, intends to recoup amounts it pays for distribution and other services through the fees and charges of the Contract and payments it receives for providing administrative, distribution and other services to the Portfolios. For information about the fees and charges under the Contract, see "Summary of the Contract" and "Charges and deductions" earlier in this prospectus. COMPENSATION PAID TO THE DISTRIBUTORS The Company pays compensation to the Distributors based on Purchase Payments made on the Contracts sold through the Distributors ("contribution-based compensation"). The contribution-based compensation will generally not exceed 6.50% of total Purchase Payments made under the Contracts, plus, starting in the second Contract Year, up to 0.25% of the cash value of the Contracts ("asset-based compensation"). The Distributors, in turn, may pay a portion of the compensation received from the Company to the Distributors financial professional and/or the Selling broker-dealer making the sale. The compensation paid by the Distributors varies among financial professionals and among Selling broker-dealers. The Distributors also pay a portion of the compensation it receives to its managerial personnel. When a Contract is sold by a Selling broker-dealer, the Selling broker-dealer, not the Distributors, determines the amount and type of compensation paid to the Selling broker-dealer's financial professional for the sale of the Contract. Therefore, you should contact your financial professional for information about the compensation he or she receives and any related incentives, as described below. AXA Advisors also pays its financial professionals and managerial personnel other types of compensation including service fees, expense allowance payments and health and retirement benefits. AXA Advisors also pays its financial professionals, managerial personnel and Selling broker-dealers sales bonuses (based on selling certain products during specified periods) and persistency bonuses. AXA Advisors may offer sales incentive programs to financial professionals and Selling broker-dealers who meet specified production levels for the sales of both the Company's Contracts and Contracts offered by other companies. These incentives provide non-cash compensation such as stock options awards and/or stock appreciation rights, expense-paid trips, expense-paid education seminars and merchandise. The Company also pays AXA Distributors compensation to cover its operating expenses and marketing services under the terms of the Company's distribution agreements with AXA Distributors. DIFFERENTIAL COMPENSATION PAID BY AXA ADVISORS. In an effort to promote the sale of the Company's products, AXA Advisors may pay its financial professionals and managerial personnel a greater percentage of contribution-based compensation and/or asset-based compensation for the sale of the Company's contract than it pays for the sale of a Contract or other financial product issued by a company other than the Company. This practice is known as providing "differential compensation." Differential compensation may involve other forms of compensation to AXA Advisors personnel. Certain components of the compensation paid to managerial personnel are based on whether the sales involve the Company's Contracts. Managers earn higher compensation (and credits toward awards and bonuses) if the financial professionals they manage sell a higher percentage of the Company's Contracts than products issued by other companies. Other forms of compensation provided to its financial professionals include health and retirement benefits, expense reimbursements, marketing allowances and contribution-based payments, known as "overrides." For tax reasons, AXA Advisors financial professionals qualify for health and retirement benefits based solely on their sales of the Company's Contracts and products sponsored by affiliates. The fact that AXA Advisors financial professionals receive differential compensation and additional payments may provide an incentive for those financial professionals to recommend the Company's Contract over a Contract or other financial product issued by a company not affiliated with the Company. However, under applicable rules of FINRA, AXA Advisors financial professionals may only recommend to you products that they reasonably believe are suitable for you based on the facts that you have disclosed as to your other security holdings, financial situation and needs. In making any recommendation, financial professionals of AXA Advisors may nonetheless face conflicts of interest because of the differences in compensation from one product category to another, and because of differences in compensation among products in the same category. For more information, contact your financial professional. ADDITIONAL PAYMENTS BY AXA DISTRIBUTORS TO SELLING BROKER-DEALERS. AXA Distributors may pay, out of its assets, certain Selling broker-dealers and other financial intermediaries additional compensation in recognition of services provided or expenses incurred. AXA Distributors may 45 DISTRIBUTION OF THE CONTRACTS also pay certain Selling broker-dealers or other financial intermediaries additional compensation for enhanced marketing opportunities and other services (commonly referred to as "marketing allowances"). Services for which such payments are made may include, but are not limited to, the preferred placement of the Company's products on a company and/or product list; sales personnel training; product training; business reporting; technological support; due diligence and related costs; advertising, marketing and related services; conference; and/or other support services, including some that may benefit the contract owner. Payments may be based on the aggregate account value attributable to contracts sold through a Selling broker-dealer or such payments may be a fixed amount. AXA Distributors may also make fixed payments to Selling broker-dealers, for example in connection with the initiation of a new relationship or the introduction of a new product. Additionally, as an incentive for the financial professionals of Selling broker-dealers to promote the sale of the Company's products, AXA Distributors may increase the sales compensation paid to the Selling broker-dealer for a period of time (commonly referred to as "compensation enhancements"). These additional payments may serve as an incentive for Selling broker-dealers to promote the sale of the Company contracts over contracts and other products issued by other companies. Not all Selling broker-dealers receive additional payments, and the payments vary among Selling broker-dealers. The list below includes the names of Selling broker-dealers that we are aware (as of December 31, 2010) received additional payments. These additional payments ranged from $127 to $3,689,426. The Company and its affiliates may also have additional business arrangements with Selling broker-dealers. For more information, ask your financial professional. 1st Global Capital Corporation Advantage Capital Corporation AG Edwards American General Securities Inc American Portfolios Financial Services Ameriprise Financial Services, Inc. Associated Securities Corp. Bank of America BBVA Compass Investment Solutions, Inc. CCO Investment Services Corp. Centaurus Financial, Inc. Colonial Brokerage, Inc. Comerica Securities Commonwealth Financial Network CUSO Financial Services, LP Essex National Securities Inc FFP Financial Network Investment Corporation First Allied Securities First Citizens Investor Services First Tennessee Brokerage, Inc. FSC Securities Corporation Geneos Wealth Management, Inc. H.D. Vest Investment Securities, Inc. Investment Centers of America/First Dakota Inc. IFC Holdings Inc. DBA Invest Financial Corporation Investment Professionals, Inc. Investors Capital Corporation Ironstone Securities, Inc J.P. Turner & Co. LLC James T. Borello & Co. Janney Montgomery Scott Key Investment Services, LLC Lincoln Financial Advisors Corporation Lincoln Financial Securities Corporation LPL Financial Corporation M&T Securities Merrill Lynch Life Agency MML Investors Services LLC Morgan Keegan Morgan Stanley Smith Barney - Morgan Stanley & Co., Incorporated Multi-Financial Securities Corporation National Planning Corporation Next Financial Group, Inc. NFP Securities, Inc. Pension Planners Securities Inc PNC Investments Prime Capital Services PrimeVest Financial Services, Inc. Oppenheimer & Co. Inc. Raymond James & Associates Inc Raymond James Financial Service RBC Capital Markets Corp. Robert W Baird Royal Alliance Associates Inc. RW Baird - Robert N. Baird & Co. Incorporated Sage Point Financial, Inc Securities America, Inc. SII Investments, Inc. Sorrento Pacific Financial LLC Stifel, Nicolaus & Co. Summit Brokerage Services, Inc Termed/Gunnallen Financial, Inc. Termed/Mutual Service Corporation Transamerica Financial Advisors, Inc. U.S Bancorp Investments, Inc. UBS Financial Services, Inc. United Planners' Financial Service of America UVEST Financial Services Group, Inc. Waterstone Financial Group, Inc. Wells Fargo Advisors Financial Network LLC Wells Fargo Advisors Wells Fargo Advisors, LLC Wells Fargo Investments, LLC Woodbury Financial Services, Inc. DISTRIBUTION OF THE CONTRACTS 46 14. FEDERAL TAX STATUS -------------------------------------------------------------------------------- INTRODUCTION The Contract described in this prospectus is designed for use in connection with Qualified Plans and on a nonqualified basis. The ultimate effect of federal income taxes on: o the value of the Contract's Fund Value, o annuity payments, o death benefit, and o economic benefit to the Owner, Annuitant, and the Beneficiary may depend upon o the type of retirement plan for which the Contract is purchased, and o the tax and employment status of the individual concerned. The following discussion of the treatment of the Contract and of the Company under the federal income tax laws is general in nature. The discussion is based on the Company's understanding of current federal income tax laws, and is not intended as tax advice. These federal income tax laws may change without notice. We cannot predict whether, when, or how these rules could change. Any change could affect contracts purchased before the change. Congress may also consider proposals in the future to comprehensively reform or overhaul the United States tax and retirement systems, which if enacted, could affect the tax benefits of a contract. We cannot predict what, if any, legislation will actually be proposed or enacted. Any person considering the purchase of a contract or making additional Purchase Payments under the Contract should consult a qualified tax adviser. Additional information on the treatment of the Contract under federal income tax laws is contained in the Statement of Additional Information. THE COMPANY DOES NOT MAKE ANY GUARANTEE REGARDING ANY TAX STATUS, FEDERAL, STATE, OR LOCAL, OF ANY CONTRACT OR ANY TRANSACTION INVOLVING THE CONTRACT. TAXATION OF ANNUITIES IN GENERAL The Contract described in this prospectus is designed for use in connection with Qualified Plans and on a nonqualified basis. All or a portion of the contributions to such plans will be used to make Purchase Payments under the Contract. In general, contributions to Qualified Plans and income earned on contributions to all plans are tax-deferred until distributed to plan participants or their beneficiaries. Such tax deferral is not, however, available for Non-Qualified Contracts if the Owner is other than a natural person unless the contract is held as an agent for a natural person. Annuity payments made under a contract are generally taxable to the Annuitant as ordinary income except to the extent of: o participant after-tax contributions (in the case of Qualified Plans), or o owner contributions (in the case of Non-Qualified Contracts). Owners, Annuitants, and Beneficiaries should seek advice from their own tax advisers about the tax consequences of distributions, withdrawals and payments under Non-Qualified Contracts and under any Qualified Plan in connection with which the Contract is purchased. For Qualified Contracts, among other things individuals should discuss with their tax advisers are the "required minimum distribution rules" which generally require distributions to be made after age 70-1/2 and after death, including requirements applicable to the calculation of such required distributions from annuity contracts funding Qualified Plans. Federal tax law imposes requirements for determining the amount includable in gross income with respect to distributions not received as an annuity. Distributions include, but are not limited to, transfers, including gratuitous transfers, and pledges of the contract both of which are treated the same as distributions. Distributions from all annuity contracts issued during any calendar year by the same company (or an affiliate) to the Owner (other than those issued to qualified retirement plans) in the same year will be treated as distributed from one annuity contract. The IRS is given power to prescribe additional rules to prevent avoidance of this rule through serial purchases of contracts or otherwise. None of these rules affects Qualified Plans. The Company will withhold and remit to the United States Government and, where applicable, to state and local governments, part of the taxable portion of each distribution made under a contract unless the Owner or Annuitant: (1) Provides his or her taxpayer identification number to the Company, and (2) Notifies the Company that he or she chooses not to have amounts withheld. Distributions of plan benefits from qualified retirement plans, other than traditional individual retirement arrangements ("traditional IRAs"), generally will be subject to mandatory federal income tax withholding unless they are: (1) Part of a series of substantially equal periodic payments (at least annually) for: (a) the participant's life or life expectancy, (b) the joint lives or life expectancies of the participant and his/ her beneficiary, (c) or a period certain of not less than 10 years; (2) Required minimum distributions; or (3) Qualifying hardship distributions. The withholding can be avoided if the participant's interest is directly rolled over by the old plan to another eligible traditional retirement plan, including an IRA. A direct rollover to the new plan can be made only in accordance with the terms of the old plan. The Company may be liable for payment of the generation skipping transfer tax under certain circumstances. In the event that the Company determines that such liability exists, an amount necessary to pay the generation skipping transfer tax may be subtracted from the death benefit proceeds. RETIREMENT PLANS Aside from Contracts purchased on a non-qualified basis, the Contract described in this prospectus currently is designed for use with the following types of retirement plans: 47 FEDERAL TAX STATUS (1) Pension and Profit Sharing Plans established by business employers and certain associations, as permitted by Sections 401(a) and 401(k) of the Code, including those purchasers who would have been covered under the rules governing H.R. 10 (Keogh) Plans; (2) Individual Retirement Annuities permitted by Section 408(b) of the Code, including Simplified Employee Pensions established by employers pursuant to Section 408(k); (3) Roth IRAs permitted by Section 408A of the Code; and (4) Deferred compensation plans provided by certain governmental entities and tax-exempt organizations under Section 457. The tax rules applicable to participants in such retirement plans vary according to the type of plan and its terms and conditions. Therefore, no attempt is made here to provide more than general information about the use of the Contract with the various types of retirement plans. Participants in such plans as well as Owners, Annuitants, and Beneficiaries are cautioned that the rights of any person to any benefits under these plans are subject to the terms and conditions of the plans themselves, regardless of the terms and conditions of the Contract. The Company will provide purchasers of Contracts used in connection with Individual Retirement Annuities with such supplementary information as may be required by the Internal Revenue Service or other appropriate agency. Any person contemplating the purchase of a Contract should consult a qualified tax adviser. TAX TREATMENT OF THE COMPANY Under existing federal income tax laws, the income of MONY America Variable Account A, to the extent that it is applied to increase reserves under the Contract, is substantially nontaxable to the Company. FEDERAL TAX STATUS 48 15. ADDITIONAL INFORMATION AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE -------------------------------------------------------------------------------- The Company'sInsurance Company’s Annual Report on Form 10-K for the period ended December 31, ~~2010 (the "Annual Report")~~2023, is considered to be part of this ~~prospectus~~Prospectus because it is incorporated by reference.

Equitable Financial Life Insurance Company of America’s Annual Report on Form 10-K for the period ended December 31, 2023, is considered to be part of this Prospectus because it is incorporated by reference.

The Company files reports and other information with the SEC, as required by law. You may read and copy this information at the ~~SEC's~~SEC’s public reference facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by accessing the ~~SEC's~~SEC’s website at www.sec.gov. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. Under the Securities Act of 1933, ~~The~~the Company has filed with the SEC a registration statement relating to the ~~Guaranteed Interest Account with Market Value Adjustment~~Structured Investment Option (the ~~"Registration Statement"~~“Registration Statement”). This ~~prospectus~~Prospectus has been filed as part of the Registration Statement and does not contain all of the information set forth in the Registration Statement.

After the date of this ~~prospectus~~Prospectus and before we terminate the offering of the securities under the Registration Statement, all documents or reports we file with the SEC under the Securities Exchange Act of 1934 ("(“Exchange ~~Act"~~Act”), will be considered to become part of this ~~prospectus~~Prospectus because they are incorporated by reference.

Any statement contained in a document that is or becomes part of this ~~prospectus,~~Prospectus, will be considered changed or replaced for purposes of this ~~prospectus~~Prospectus if a statement contained in this ~~prospectus~~Prospectus changes or is replaced. Any statement that is considered to be a part of this ~~prospectus~~Prospectus because of its incorporation will be considered changed or replaced for the purpose of this ~~prospectus~~Prospectus if a statement contained in any other subsequently filed document that is considered to be part of this ~~prospectus~~Prospectus changes or replaces that statement. After that, only the statement that is changed or replaced will be considered to be part of this ~~prospectus.~~ Prospectus.

We file the Registration Statement and our Exchange Act documents and reports, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, electronically according to ~~EDGAR under CIK No. 0000835357.~~EDGAR. The SEC maintains a website that contains reports, proxy and information statements, and other information regarding registrants that file electronically with the SEC. The address of the site is www.sec.gov.

Upon written or oral request, we will provide, free of charge, to each person to whom this ~~prospectus~~Prospectus is delivered, a copy of any or all of the documents considered to be part of this ~~prospectus~~Prospectus because they are incorporated herein. In accordance with SEC rules, we will provide copies of any

~~exhibits specifically incorporated by reference into the text of the Exchange Act reports (but not any other exhibits). Requests for documents should be directed ~~to MONY~~to:~~

~~Equitable Financial Life Insurance Company of America ~~1290~~~~

~~8501 IBM Drive, Suite 150~~

~~Charlotte, NC 28262-4333~~

~~Attention: Corporate Secretary~~

~~(telephone: (212) 554-1234)~~

~~Equitable Financial Life Insurance Company~~

~~1345 Avenue of the Americas~~

~~New York, New York ~~10104.~~ 10105~~

~~Attention: Corporate Secretary ~~(telephone:~~~~

~~(telephone: (212) 554-1234).~~

You can access our website at www.axa-equitable.com. 49 ADDITIONAL INFORMATION AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 16. LEGAL PROCEEDINGS -------------------------------------------------------------------------------- MONYwww.equitable.com.

~~Independent Registered Public Accounting Firm~~

The financial statements and financial statement schedules of Equitable Financial Life Insurance Company of America and its affiliates are parties to various legal proceedings. In our view, none of these proceedings would be considered material with respect to an Owner's interest in MONY America Variable Account A, nor would any of these proceedings be likely to have a material adverse effect upon MONY America Variable Account A, our ability to meet our obligations under the contracts, or the distribution of the contracts. LEGAL PROCEEDINGS 50 17. FINANCIAL STATEMENTS -------------------------------------------------------------------------------- The audited financial statements of MONY America Variable Account A and the Company are set forth in the Statement of Additional Information. These financial statements have been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm. The financial statements of the Company should be considered only as bearing upon the ability of the Company to meet its obligations under the Contracts. You should not consider the financial statements of the Company as affecting investment performance of assets in the Variable Account. PricewaterhouseCoopers LLP also provides independent audit services and certain other non-audit services to the Company as permitted by the applicable SEC independence rules, and as disclosed in the Company's Form 10-K. PricewaterhouseCoopers LLP's address is 300 Madison Avenue, New York, New York 10017. ABOUT THE GENERAL ACCOUNT This Contract was offered to customers through various financial institutions, brokerage firms and their affiliate insurance agencies. No financial institution, brokerage firm or insurance agency has any liability with respect to a Contract's account value or any guaranteed benefits with which the Contract was issued. The Company is solely responsible to the Contract owner for the Contract's account value and such guaranteed benefits. The general obligations and any guaranteed benefits under the Contract are supported by the Company's general account and are subject to the Company's claims paying ability. An owner should look to the financial strength of the Company for its claims-paying ability. Assets in the general account are not segregated for the exclusive benefit of any particular Contract or obligation. General account assets are also available to the insurer's general creditors and the conduct of its routine business activities, such as the payment of salaries, rent and other ordinary business expenses. For more information about the Company's financial strength, you may review its financial statements and/or check its current rating with one or more of the independent sources that rate insurance companies for their financial strength and stability. Such ratings are subject to change and have no bearing on the performance of the variable investment options. You may also speak with your financial representative. The general account is subject to regulation and supervision by the Insurance Department of the State of Arizona and to the insurance laws and regulations of all jurisdictions where we are authorized to do business. Interests under the contracts in the general account have not been registered and are not required to be registered under the Securities Act of 1933 because of exemptions and exclusionary provisions that apply. The general account is not required to register as an investment company under the Investment Company Act of 1940 and it is not registered as an investment company under the Investment Company Act of 1940. The contract is a "covered security" under the federal securities laws. We have been advised that the staff of the SEC has not reviewed the portions of this prospectus that relate to the general account. The disclosure with regard to the general account, however, may be subject to certain provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses. 51 FINANCIAL STATEMENTS Appendix I: Benefit option packages, table of fees, examples and charges and deductions for contracts issued in the State of Washington -------------------------------------------------------------------------------- SUMMARY OF THE CONTRACT BENEFIT OPTION PACKAGES There are two benefit option packages under the Contract. Each benefit option package is distinct. You select a benefit option package at the time of application. Once a selection is made, you may not transfer from one benefit option package to another.
------------------------------------------------------------------------------------------------------------------------------------ OPTION 1 OPTION 2 ------------------------------------------------------------------------------------------------------------------------------------ MORTALITY AND Current annual rate--1.20% Current annual rate--1.70% EXPENSE RISK CHARGE Maximum annual rate--1.40% Maximum annual rate--1.95% ------------------------------------------------------------------------------------------------------------------------------------ DEATH BENEFIT ON DEATH OF ANNUITANT THE GREATER OF: THE GREATEST OF: (1) The Fund Value less any (1) The Fund Value less any outstanding debt on the date outstanding debt on the date due proof of the Annuitant's due proof of the Annuitant's death is received by the death is received by the Company. Company. or or (2) The Purchase Payments paid, (2) The Purchase Payments paid, reduced proportionately by reduced proportionately by each partial surrender each partial surrender (reflecting any Market Value (reflecting any Market Value Adjustment and any surrender Adjustment and any surrender charge) and less any charge) and less any outstanding debt.(1) outstanding debt.(1) or (3) Step Up Value (See "Death benefit") ------------------------------------------------------------------------------------------------------------------------------------ MINIMUM INITIAL PURCHASE PAYMENT Qualified Contracts--The minimum Qualified Contracts--The minimum Purchase Payment for qualified Purchase Payment for qualified plans is the same for both plans is the same for both options. (See "Detailed options. (See "Detailed information about the contract.") information about the contract.") Non-Qualified Contracts--$5,000 Non-Qualified Contracts--$10,000 ------------------------------------------------------------------------------------------------------------------------------------ ANNUITANT ISSUE AGE Qualified Contracts--0-80 Qualified Contracts--0-79 Non-Qualified Contracts--0-80 Non-Qualified Contracts--0-79 ------------------------------------------------------------------------------------------------------------------------------------ ANNUAL CONTRACT CHARGE Current charge is $30. Current charge is $0. The annual contract charge may be increased to a maximum of $30 on 30 days written notice. ------------------------------------------------------------------------------------------------------------------------------------
(1) In the calculation of the death benefit, for each partial surrender, the proportionate reduction is equal to the amount of that partial surrender and any surrender charge and any Market Value Adjustment divided by the Fund Value immediately before that partial surrender, multiplied by the Purchase Payments paid before that partial surrender. For certain Contracts purchased prior to July 22, 2003 , the death benefit is greater of: (1) the Fund Value less any outstanding debt on the date due proof of the Annuitant's death is received by the Company, or (2) the Purchase Payments paid, less any partial surrenders and their surrender charges, less any outstanding debt and plus or minus any Market Value Adjustment. APPENDIX I: BENEFIT OPTION PACKAGES, TABLE OF FEES, EXAMPLES AND CHARGES AND DEDUCTIONS I-1 FEE TABLES The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the Contract. The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender the Contract, or transfer fund value between investment options. State premium taxes may also be deducted.
----------------------------------------------------------------------------------------------------------------- OWNER TRANSACTION EXPENSES: ----------------------------------------------------------------------------------------------------------------- Maximum deferred sales load (surrender charge) 7.00%(1) (as a percentage of Purchase Payments surrendered) ----------------------------------------------------------------------------------------------------------------- Loan interest spread (effective annual rate) 2.50%(2) ----------------------------------------------------------------------------------------------------------------- Maximum transfer charge $25(3) ----------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------
~~The next table describes the fees and expense that you will pay periodically during the time that you own the Contract, not including Fund portfolio company fees and expenses.~~
----------------------------------------------------------------------------------------------------------------- MAXIMUM ANNUAL CONTRACT CHARGE $30(4) ----------------------------------------------------------------------------------------------------------------- SEPARATE ACCOUNT ANNUAL EXPENSES: (AS A PERCENTAGE OF AVERAGE ANNUAL FUND VALUE IN THE VARIABLE ACCOUNT): ----------------------------------------------------------------------------------------------------------------- OPTION 1 ----------------------------------------------------------------------------------------------------------------- Maximum mortality and expense risk fees 1.40%(5) ----------------------------------------------------------------------------------------------------------------- Total separate account annual expenses 1.40%(5) ----------------------------------------------------------------------------------------------------------------- OPTION 2 ----------------------------------------------------------------------------------------------------------------- Maximum mortality and expense risk fees 1.95%(6) ----------------------------------------------------------------------------------------------------------------- Total separate account annual expenses 1.95%(6) -----------------------------------------------------------------------------------------------------------------
(1) The surrender charge percentage, which reduces to zero, is determined under a surrender charge schedule. (See "Deductions from fund value -- Amount of surrender charge.") The surrender charge may be reduced under certain circumstances which include reduction in order to guarantee that certain amounts may be received free of the surrender charge. (See "Deductions from fund value -- Free partial surrender amount.") (2) The loan interest spread is the difference between the amount of interest we charge on loans and the amount of interest we credit to amounts held in the loan account to secure loans. (3) The transfer charge currently is $0. However, the Company has reserved the right to impose a charge for each transfer after the first 12 transfers in a Contract Year, which will not exceed $25. (See "Deductions from fund value -- Transfer charge.") (4) The annual contract charge for Option 1 is currently $30. The annual contract charge for Option 2 is currently $0. However, the Company may in the future change the amount of the charge to an amount not exceeding $30 per Contract Year. (See "Deductions from fund value -- Annual contract charge.") (5) The mortality and expense risk charge is deducted daily equivalent to a current annual rate of 1.20% (and is guaranteed not to exceed a daily rate equivalent to an annual rate of 1.40%) from the value of the net assets of MONY America Variable Account A. (6) The mortality and expense risk charge is deducted daily equivalent to a current annual rate of 1.70% (and is guaranteed not to exceed a daily rate equivalent to an annual rate of 1.95%) from the value of the net assets of MONY America Variable Account A. The next item shows the minimum and maximum total operating expenses charged by the portfolio companies for the year ended December 31, 2010. You may pay portfolio company operating expenses periodically during the time that you own the Contract. More detail concerning each Fund portfolio company's fees and expenses is contained in the prospectus for each portfolio.
----------------------------------------------------------------------------------------------------------------- TOTAL ANNUAL FUND PORTFOLIO OPERATING EXPENSES: LOWEST HIGHEST ----------------------------------------------------------------------------------------------------------------- Expenses that are deducted from portfolio company assets, including 0.37% 1.78% management fees, distribution and/or services fees (12b-1 fees), and other expenses -----------------------------------------------------------------------------------------------------------------
I-2 APPENDIX I: BENEFIT OPTION PACKAGES, TABLE OF FEES, EXAMPLES AND CHARGES AND DEDUCTIONS EXAMPLE This example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include contract owner transaction expenses, contract fees, separate account annual expense, and Fund fees and expenses for the year ended December 31, 2010. The example assumes that you invest $10,000 in the Contract for the time periods indicated. The example also assumes that your investment has a 5% return each year. The example assumes the minimum and maximum fees and expenses of any of the Fund portfolios. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: 1. a. If you surrender your Contract at the end of the applicable time period (assuming maximum fees and expenses of any of the Fund portfolios): ------------------------------------------------------------------------ 1 YEAR 3 YEARS 5 YEARS 10 YEARS ------------------------------------------------------------------------ Option 1 $ 990 $1,634 $2,293 $3,756 Option 2 $1,041 $1,783 $2,537 $4,231 ------------------------------------------------------------------------ b. If you surrender your Contract at the end of the applicable time period (assuming minimum fees and expenses of any of the Fund portfolios): ------------------------------------------------------------------------ 1 YEAR 3 YEARS 5 YEARS 10 YEARS ------------------------------------------------------------------------ Option 1 $858 $1,239 $1,635 $2,400 Option 2 $910 $1,395 $1,898 $2,954 ------------------------------------------------------------------------ 2. a. If you do not surrender your Contract (assuming maximum fees and expenses of any of the Fund portfolios): ------------------------------------------------------------------------ 1 YEAR 3 YEARS 5 YEARS 10 YEARS ------------------------------------------------------------------------ Option 1 $351 $1,068 $1,807 $3,756 Option 2 $405 $1,227 $2,064 $4,231 ------------------------------------------------------------------------ b. If you do not surrender your Contract (assuming minimum fees and expenses of any of the Fund portfolios): ------------------------------------------------------------------------ 1 YEAR 3 YEARS 5 YEARS 10 YEARS ------------------------------------------------------------------------ Option 1 $210 $649 $1,114 $2,400 Option 2 $265 $814 $1,390 $2,954 ------------------------------------------------------------------------ 3. a. If you annuitize your Contract and the proceeds are settled under Settlement Options 3 or 3A (life income with annuity options) (assuming maximum fees and expenses of any of the Fund portfolios): ------------------------------------------------------------------------ 1 YEAR 3 YEARS 5 YEARS 10 YEARS ------------------------------------------------------------------------ Option 1 $ 990 $1,068 $1,807 $3,756 Option 2 $1,041 $1,227 $2,064 $4,231 ------------------------------------------------------------------------ b. If you annuitize your Contract and the proceeds are settled under Settlement Options 3 or 3A (life income with annuity options) (assuming minimum fees and expenses of any of the Fund portfolios): ------------------------------------------------------------------------ 1 YEAR 3 YEARS 5 YEARS 10 YEARS ------------------------------------------------------------------------ Option 1 $858 $649 $1,114 $2,400 Option 2 $910 $814 $1,390 $2,954 ------------------------------------------------------------------------ 4. a. If you annuitize your Contract and the proceeds are settled under Settlement Options 1, 2 or 4 (annuity income without life contingencies) (assuming maximum fees and expenses of any of the Fund portfolios): ------------------------------------------------------------------------ 1 YEAR 3 YEARS 5 YEARS 10 YEARS ------------------------------------------------------------------------ Option 1 $ 990 $1,634 $2,293 $3,756 Option 2 $1,041 $1,783 $2,537 $4,231 ------------------------------------------------------------------------ b. If you annuitize your Contract and the proceeds are settled under Settlement Options 1, 2 or 4 (annuity income without life contingencies) (assuming minimum fees and expenses of any of the Fund portfolios): ------------------------------------------------------------------------ 1 YEAR 3 YEARS 5 YEARS 10 YEARS ------------------------------------------------------------------------ Option 1 $858 $1,239 $1,635 $2,400 Option 2 $910 $1,395 $1,898 $2,954 ------------------------------------------------------------------------ For the purposes of the Fee Tables and the Example, we assume that the Contract is owned during the accumulation period. (See "Charges and Deductions.") On and after the annuity starting date, different fees and charges will apply. APPENDIX I: BENEFIT OPTION PACKAGES, TABLE OF FEES, EXAMPLES AND CHARGES AND DEDUCTIONS I-3 DETAILED INFORMATION ABOUT THE CONTRACT PAYMENT AND ALLOCATION OF PURCHASE PAYMENTS Issue ages The issue ages for the two benefit option packages available under the Contract vary as per the table below. The maximum issue age of the Annuitant for Option 1 is 85. The maximum issue age of the Annuitant for Option 2 is 79.
------------------------------------------------------------------------------------------------------------------------------------ OPTION 1 OPTION 2 ------------------------------------------------------------------------------------------------------------------------------------ Annuitant Issue Ages 0-85 0-79 ------------------------------------------------------------------------------------------------------------------------------------
DEATH BENEFIT DEATH BENEFIT PROVIDED BY THE CONTRACT The death benefit depends upon the benefit option package in effect on the date the Annuitant dies. You may not change benefit option packages once you select an option.
------------------------------------------------------------------------------------------------------------------------------------ OPTION 1 OPTION 2 ------------------------------------------------------------------------------------------------------------------------------------ THE GREATER OF: THE GREATEST OF: ------------------------------------------------------------------------------------------------------------------------------------ (1) The Fund Value less any outstanding debt on the date (1) The Fund Value less any outstanding debt on the date due proof of the Annuitant's death is received by the due proof of the Annuitant's death is received by the Company. Company. or or (2) The Purchase Payments paid, reduced proportionately by (2) The Purchase Payments paid, reduced proportionately by each partial surrender and their surrender charges, any each partial surrender and their surrender charges, outstanding debt and plus or minus any Market Value less any outstanding debt and plus or minus any Market Adjustment.(1) Value Adjustment.(1) or (3) Step Up Value (See "Step Up Value" in the prospectus) ------------------------------------------------------------------------------------------------------------------------------------
(1) In the calculations of the death benefit, for each partial surrender, the proportionate reduction is equal to the amount of that partial surrender and any surrender charge and any Market Value Adjustment divided by the Fund Value immediately before that partial surrender, multiplied by the Purchase Payments paid before that partial surrender. For certain Contracts purchased prior to July 22, 2003, the death benefit is the greater of: (1) the Fund Value less any outstanding debt on the date due proof of the Annuitant's death is received by the Company, or (2) the Purchase Payments paid, less any partial surrenders and their surrender charges, less any outstanding debt and plus or minus any Market Value Adjustment. I-4 APPENDIX I: BENEFIT OPTION PACKAGES, TABLE OF FEES, EXAMPLES AND CHARGES AND DEDUCTIONS CHARGES AND DEDUCTIONS The following table summarizes the charges and deductions under the Contract:
------------------------------------------------------------------------------------------------------------------------------------ DEDUCTIONS FROM PURCHASE PAYMENTS ------------------------------------------------------------------------------------------------------------------------------------ Tax charge Range for State and local premium tax -- 0% to 3.50%(1). Federal -- currently 0% (Company reserves the right to charge in the future.) ------------------------------------------------------------------------------------------------------------------------------------ DAILY DEDUCTIONS FROM MONY AMERICA VARIABLE ACCOUNT A ------------------------------------------------------------------------------------------------------------------------------------ Separate account annual expenses: Mortality & expense risk charge Option 1 Annual rate deducted daily from net assets Maximum daily rate -- 0.003836% Maximum annual rate -- 1.40% Option 2 Maximum daily rate -- 0.005342% Maximum annual rate -- 1.95% ------------------------------------------------------------------------------------------------------------------------------------ DEDUCTIONS FROM FUND VALUE ------------------------------------------------------------------------------------------------------------------------------------ Annual contract charge Maximum annual contract charge Option 1 -- Current charge is $30. Option 1 -- The maximum annual contract charge is $30. Option 2 -- Current charge is $0. Option 2 -- The annual contract charge may be increased to a maximum of $30 on 30 days written notice. ------------------------------------------------------------------------------------------------------------------------------------ Transaction and other charges Maximum transaction and other charges Transfer charge Option 1 -- The Company has reserved the right to impose a charge for each transfer after the first 12 transfers in a Option 1 -- Current charge is $0. Contract Year which will not exceed $25. Option 2 -- Current charge is $0. Option 2 -- The Company has reserved the right to impose a charge for each transfer after the first 12 transfers in a Contract Year which will not exceed $25. ------------------------------------------------------------------------------------------------------------------------------------ Surrender charge See grading schedule and "Charges and deductions -- Charges against fund value" for details of how it is computed. Grades from 7% to 0% of Fund Value surrendered based on a schedule ------------------------------------------------------------------------------------------------------------------------------------ Loan interest spread 2.50% ------------------------------------------------------------------------------------------------------------------------------------
(1) Company currently assumes responsibility; current charge to Owner 0%. Please note that the amount of the charge may not necessarily correspond to the costs associated with providing the services or benefits indicated by the designation of the charge. For example, the surrender charge we collect may not fully cover all of the sales and distribution expenses we actually incur. We also may realize a profit on one or more of the charges. We may use such profits for any corporate purpose, including the payment of sales expenses. DEDUCTIONS FROM PURCHASE PAYMENTS Deductions may be made from Purchase Payments for state and local premium taxes prior to allocation of any Net Purchase Payment among the subaccounts. Currently, the Company makes no deduction, but may do so with respect to future payments. If the Company is going to make deductions for such tax from future Purchase Payments, it will give notice to each affected Owner. CHARGES AGAINST FUND VALUE Daily deduction from MONY America Variable Account A Mortality and expense risk charge. The Company assumes mortality and expense risks. A charge for assuming such risks is deducted daily from the net assets of MONY America Variable Account A. The charge varies based on the benefit option package selected. The mortality and expense risk charge will not be deducted from the Guaranteed Interest Account. Option 1 -- For Option 1, the daily mortality and expense risk charge from MONY America Variable Account A is deducted at a current daily rate equivalent to an annual rate of 1.20% from the value of the net assets of MONY America Variable Account A. The rate is guaranteed not to exceed a daily rate equivalent to an annual rate of 1.40% from the value of the net assets of MONY America Variable Account A. The mortality and expense risk charge is deducted from MONY America Variable Account A, and therefore the subaccounts, on each Business Day. Where the previous day (or days) was not a Business Day, the deduction currently on the next Business Day will be 0.003288% (guaranteed not to exceed 0.003836%) multiplied by the number of days since the last Business Day. Option 2 -- For Option 2, the daily mortality and expense risk charge from MONY America Variable Account A is deducted at a current daily rate equivalent to an annual rate of 1.70% from the value of the net assets of MONY America Variable Account A. The rate is guaranteed not to exceed a daily rate equivalent to an annual rate of 1.95% from the value of the net assets of MONY America Variable Account A. The mortality and expense APPENDIX I: BENEFIT OPTION PACKAGES, TABLE OF FEES, EXAMPLES AND CHARGES AND DEDUCTIONS I-5 risk charge is deducted from MONY America Variable Account A, and therefore the subaccounts, on each Business Day. Where the previous day (or days) was not a Business Day, the deduction currently on the next Business Day will be 0.004658% (guaranteed not to exceed 0.005342%) multiplied by the number of days since the last Business Day. The mortality risk assumed by the Company is that Annuitants may live for a longer time than projected. If that occurs, an aggregate amount of annuity benefits greater than that projected will be payable. In making this projection, the Company has used the mortality rates from the 1983 Table "a" (discrete functions without projections for future mortality), with 3.50% interest. In addition, the Company also assumes risk in connection with the Step-Up Value. The expense risk assumed is that expenses incurred in issuing and administering the Contracts will exceed the expense charges provided in the Contracts. If the amount of the charge exceeds the amount needed, the excess will be kept by the Company in its General Account. If the amount of the charge is inadequate, the Company will pay the difference out of its General Account. DEDUCTIONS FROM FUND VALUE Annual contract charge. The Company has primary responsibility for the administration of the Contract and MONY America Variable Account A. An annual contract charge helps to reimburse the Company for administrative expenses related to the maintenance of the Contract. Ordinary administrative expenses expected to be incurred include premium collection, recordkeeping, processing death benefit claims and surrenders, preparing and mailing reports, and overhead costs. In addition, the Company expects to incur certain additional administrative expenses in connection with the issuance of the Contract, including the review of applications and the establishment of Contract records. The Company intends to administer the Contract itself. The current amount of the annual contract charge depends upon the benefit option package selected.
------------------------------------------------------------------------------------------------------------------------------------ ANNUAL CONTRACT CHARGE ------------------------------------------------------------------------------------------------------------------------------------ OPTION 1 OPTION 2 ------------------------------------------------------------------------------------------------------------------------------------ Current charge is $30. Current charge is $0. ------------------------------------------------------------------------------------------------------------------------------------ The maximum annual contract charge is $30. The annual contract charge may be increased to a maximum of $30. ------------------------------------------------------------------------------------------------------------------------------------
The Owner will receive a written notice 30 days in advance of any change in the charge. Any applicable charge will be assessed once per year on the contract anniversary, starting on the first contract anniversary. If applicable, the annual contract charge is deducted from the Fund Value on each Contract Anniversary before the date annuity payments start. The amount of the charge will be allocated against the Guaranteed Interest Account and each subaccount of MONY America Variable Account A in the same proportion that the Fund Value in those accounts bears to the Fund Value of the Contract. The Company does not expect to make any profit from the annual contract charge. I-6 APPENDIX I: BENEFIT OPTION PACKAGES, TABLE OF FEES, EXAMPLES AND CHARGES AND DEDUCTIONS Appendix II: Condensed financial information -------------------------------------------------------------------------------- MONY LIFE INSURANCE COMPANY OF AMERICA MONY AMERICA VARIABLE ACCOUNT A ACCUMULATION UNIT VALUES
----------------------------------------------------------------------------------------------------- UNIT VALUE ----------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 1 2010 2009 2008 2007 ----------------------------------------------------------------------------------------------------- All Asset Allocation $ 11.37 $ 10.01 $ 8.03 $ 11.67 ----------------------------------------------------------------------------------------------------- AXA Aggressive Allocation 8.46 7.57 6.02 10.02 ----------------------------------------------------------------------------------------------------- AXA Conservative Allocation 10.47 9.87 9.10 10.35 ----------------------------------------------------------------------------------------------------- AXA Conservative-Plus Allocation 9.91 9.20 8.13 10.22 ----------------------------------------------------------------------------------------------------- AXA Moderate Allocation 9.57 8.81 7.62 10.21 ----------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation 9.08 8.24 6.83 10.14 ----------------------------------------------------------------------------------------------------- EQ/AllianceBernstein Small Cap 12.13 9.19 6.84 12.47 Growth ----------------------------------------------------------------------------------------------------- EQ/BlackRock Basic Value Equity 10.92 9.84 7.65 12.20 ----------------------------------------------------------------------------------------------------- EQ/Boston Advisors Equity Income 13.00 11.37 10.32 15.43 ----------------------------------------------------------------------------------------------------- EQ/Calvert Socially Responsible 9.33 8.39 6.49 11.99 ----------------------------------------------------------------------------------------------------- EQ/Capital Guardian Research 13.54 11.80 9.07 15.17 ----------------------------------------------------------------------------------------------------- EQ/Core Bond Index 13.29 12.68 12.47 13.82 ----------------------------------------------------------------------------------------------------- EQ/GAMCO Mergers and Acquisitions 13.65 12.61 10.94 12.85 ----------------------------------------------------------------------------------------------------- EQ/GAMCO Small Company Value 24.54 18.73 13.40 19.56 ----------------------------------------------------------------------------------------------------- EQ/Global Multi-Sector Equity 25.63 23.22 15.64 37.02 ----------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond 12.11 11.73 -- -- Index ----------------------------------------------------------------------------------------------------- EQ/Large Cap Value PLUS 8.86 7.95 6.67 11.84 ----------------------------------------------------------------------------------------------------- EQ/Lord Abbett Growth and Income 12.41 10.67 9.12 14.51 ----------------------------------------------------------------------------------------------------- EQ/Mid Cap Index 14.32 11.50 8.52 16.96 ----------------------------------------------------------------------------------------------------- EQ/Mid Cap Value PLUS 13.60 11.24 -- -- ----------------------------------------------------------------------------------------------------- EQ/Money Market 10.72 10.84 10.94 10.81 ----------------------------------------------------------------------------------------------------- EQ/Montag & Caldwell Growth 11.41 10.67 8.33 12.56 ----------------------------------------------------------------------------------------------------- EQ/Morgan Stanley Mid Cap Growth 11.61 8.86 5.70 10.91 ----------------------------------------------------------------------------------------------------- EQ/PIMCO Ultra Short Bond 12.50 12.55 11.76 12.40 ----------------------------------------------------------------------------------------------------- EQ/Small Company Index 17.93 14.38 11.51 17.65 ----------------------------------------------------------------------------------------------------- EQ/UBS Growth and Income 11.16 9.99 7.63 12.88 ----------------------------------------------------------------------------------------------------- Franklin Income Securities Fund 16.89 15.17 11.32 16.29 ----------------------------------------------------------------------------------------------------- Franklin Rising Dividends Securities 14.90 12.50 10.78 14.96 ----------------------------------------------------------------------------------------------------- Invesco V.I. Financial Services Fund 5.70 5.23 4.15 10.36 ----------------------------------------------------------------------------------------------------- Invesco V.I. Global Health Care 12.38 11.90 9.43 13.37 ----------------------------------------------------------------------------------------------------- Invesco V.I. Global Value Equity Portfo- 11.13 10.16 8.86 14.98 lio ----------------------------------------------------------------------------------------------------- Invesco V.I. Technology Fund 10.03 8.37 5.38 9.82 ----------------------------------------------------------------------------------------------------- Janus Aspen Series Forty Portfolio 15.85 15.07 10.45 18.98 ----------------------------------------------------------------------------------------------------- Janus Aspen Series Overseas Portfolio 28.42 23.00 13.00 27.54 ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- UNIT VALUE ---------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 1 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------- All Asset Allocation $ 11.30 $ 10.38 $ 9.99 $ 9.31 $ 7.80 ----------------------------------------------------------------------------------------------------- AXA Aggressive Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------- AXA Conservative Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------- AXA Conservative-Plus Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------- AXA Moderate Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/AllianceBernstein Small Cap -- -- -- -- -- Growth ----------------------------------------------------------------------------------------------------- EQ/BlackRock Basic Value Equity 12.20 10.21 -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Boston Advisors Equity Income 15.06 13.14 12.52 10.75 8.59 ----------------------------------------------------------------------------------------------------- EQ/Calvert Socially Responsible 10.82 10.40 -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Capital Guardian Research -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Core Bond Index 13.54 -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/GAMCO Mergers and Acquisitions 12.57 11.35 10.98 10.55 -- ----------------------------------------------------------------------------------------------------- EQ/GAMCO Small Company Value 18.11 15.43 14.96 12.52 9.22 ----------------------------------------------------------------------------------------------------- EQ/Global Multi-Sector Equity 26.32 -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond -- -- -- -- -- Index ----------------------------------------------------------------------------------------------------- EQ/Large Cap Value PLUS -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Lord Abbett Growth and Income 14.16 -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Mid Cap Index 15.85 -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Mid Cap Value PLUS -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Money Market 10.42 10.07 -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Montag & Caldwell Growth 10.52 9.87 9.47 9.21 7.96 ----------------------------------------------------------------------------------------------------- EQ/Morgan Stanley Mid Cap Growth -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/PIMCO Ultra Short Bond 11.26 11.35 11.40 11.01 10.55 ----------------------------------------------------------------------------------------------------- EQ/Small Company Index -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/UBS Growth and Income 12.89 11.43 10.62 9.49 7.53 ----------------------------------------------------------------------------------------------------- Franklin Income Securities Fund 15.89 13.60 13.55 12.04 -- ----------------------------------------------------------------------------------------------------- Franklin Rising Dividends Securities 15.56 13.45 13.16 12.00 -- ----------------------------------------------------------------------------------------------------- Invesco V.I. Financial Services Fund 13.48 11.72 11.20 10.43 8.14 ----------------------------------------------------------------------------------------------------- Invesco V.I. Global Health Care 12.10 11.64 10.89 10.25 8.11 ----------------------------------------------------------------------------------------------------- Invesco V.I. Global Value Equity Portfo- 14.22 11.87 11.36 10.12 7.94 lio ----------------------------------------------------------------------------------------------------- Invesco V.I. Technology Fund 9.22 8.45 8.37 7.91 5.96 ----------------------------------------------------------------------------------------------------- Janus Aspen Series Forty Portfolio 14.06 13.04 11.73 10.06 8.47 ----------------------------------------------------------------------------------------------------- Janus Aspen Series Overseas Portfolio 21.78 15.03 11.53 9.83 7.40 -----------------------------------------------------------------------------------------------------
~~APPENDIX II: CONDENSED FINANCIAL INFORMATION II-1~~
----------------------------------------------------------------------------------------------------- UNIT VALUE ----------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 1 2010 2009 2008 2007 ----------------------------------------------------------------------------------------------------- MFS(R) Utilities Series 26.08 23.19 17.62 28.61 ----------------------------------------------------------------------------------------------------- Multimanager Multi-Sector Bond 12.73 12.05 11.10 14.64 ----------------------------------------------------------------------------------------------------- Multimanager Small Cap Growth 12.38 9.81 7.38 12.91 ----------------------------------------------------------------------------------------------------- Oppenheimer Global Securities 20.62 18.04 13.10 22.22 Fund/VA ----------------------------------------------------------------------------------------------------- PIMCO VIT Global Bond (Unhedged) 18.96 17.18 14.88 15.19 ----------------------------------------------------------------------------------------------------- ProFund VP Bear 5.06 6.23 8.74 6.32 ----------------------------------------------------------------------------------------------------- ProFund VP Rising Rates Opportunity 5.79 6.98 5.34 8.71 ----------------------------------------------------------------------------------------------------- ProFund VP UltraBull 9.84 8.15 5.70 17.71 ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- UNIT VALUE ---------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 1 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------- MFS(R) Utilities Series 22.64 17.46 15.12 11.75 8.75 ----------------------------------------------------------------------------------------------------- Multimanager Multi-Sector Bond 14.33 -- -- -- -- ----------------------------------------------------------------------------------------------------- Multimanager Small Cap Growth 12.60 11.57 10.88 9.79 8.05 ----------------------------------------------------------------------------------------------------- Oppenheimer Global Securities 21.20 18.28 16.22 13.81 -- Fund/VA ----------------------------------------------------------------------------------------------------- PIMCO VIT Global Bond (Unhedged) 14.01 13.55 14.68 13.44 11.88 ----------------------------------------------------------------------------------------------------- ProFund VP Bear 6.36 6.96 7.14 8.06 -- ----------------------------------------------------------------------------------------------------- ProFund VP Rising Rates Opportunity 9.30 8.55 9.39 10.67 -- ----------------------------------------------------------------------------------------------------- ProFund VP UltraBull 17.77 14.62 14.42 12.45 -- -----------------------------------------------------------------------------------------------------
~~II-2 APPENDIX II: CONDENSED FINANCIAL INFORMATION~~
------------------------------------------------------------------------------------------------------------ UNITS OUTSTANDING ----------------------------------------------------------------------- Option 1 Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2010 2009 2008 2007 ------------------------------------------------------------------------------------------------------------ All Asset Allocation 284,988 402,599 454,450 497,633 ------------------------------------------------------------------------------------------------------------ AXA Aggressive Allocation 69,560 87,195 34,683 43,742 ------------------------------------------------------------------------------------------------------------ AXA Conservative Allocation 139,523 117,841 93,700 22,315 ------------------------------------------------------------------------------------------------------------ AXA Conservative-Plus Allocation 106,443 125,852 98,447 37,693 ------------------------------------------------------------------------------------------------------------ AXA Moderate Allocation 456,870 535,669 401,832 132,668 ------------------------------------------------------------------------------------------------------------ AXA Moderate-Plus Allocation 195,148 288,764 210,275 40,787 ------------------------------------------------------------------------------------------------------------ EQ/AllianceBernstein Small Cap Growth 59,499 92,448 115,398 129,235 ------------------------------------------------------------------------------------------------------------ EQ/BlackRock Basic Value Equity 259,823 304,903 286,323 342,400 ------------------------------------------------------------------------------------------------------------ EQ/Boston Advisors Equity Income 237,862 273,942 358,388 407,611 ------------------------------------------------------------------------------------------------------------ EQ/Calvert Socially Responsible 31,532 34,661 43,411 36,001 ------------------------------------------------------------------------------------------------------------ EQ/Capital Guardian Research 77,287 90,905 134,883 149,809 ------------------------------------------------------------------------------------------------------------ EQ/Core Bond Index 839,224 1,005,876 954,215 1,292,354 ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Mergers and Acquisitions 54,897 65,571 93,427 103,885 ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Small Company Value 462,321 559,452 712,525 888,336 ------------------------------------------------------------------------------------------------------------ EQ/Global Multi-Sector Equity 105,697 138,077 167,674 208,439 ------------------------------------------------------------------------------------------------------------ EQ/Intermediate Government Bond Index 493,557 631,723 -- -- ------------------------------------------------------------------------------------------------------------ EQ/Large Cap Value PLUS 93,177 95,155 127,233 178,467 ------------------------------------------------------------------------------------------------------------ EQ/Lord Abbett Growth and Income 456,935 587,034 712,776 1,013,981 ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Index 320,926 398,495 501,289 566,547 ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Value PLUS 521,623 651,958 -- -- ------------------------------------------------------------------------------------------------------------ EQ/Money Market 700,462 1,132,470 1,246,668 1,182,243 ------------------------------------------------------------------------------------------------------------ EQ/Montag & Caldwell Growth 623,515 746,208 872,072 1,081,298 ------------------------------------------------------------------------------------------------------------ EQ/Morgan Stanley Mid Cap Growth 423,351 486,679 554,686 709,131 ------------------------------------------------------------------------------------------------------------ EQ/PIMCO Ultra Short Bond 338,445 587,834 529,836 324,629 ------------------------------------------------------------------------------------------------------------ EQ/Small Company Index 105,145 120,840 150,816 175,510 ------------------------------------------------------------------------------------------------------------ EQ/UBS Growth and Income 179,349 202,769 192,608 241,384 ------------------------------------------------------------------------------------------------------------ Franklin Income Securities Fund 521,989 668,906 869,677 1,054,022 ------------------------------------------------------------------------------------------------------------ Franklin Rising Dividends Securities 85,918 86,265 127,156 182,045 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Financial Services Fund 39,878 47,906 61,638 74,773 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Health Care 57,293 70,804 92,691 114,062 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Value Equity Portfolio 90,575 105,553 126,925 224,820 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Technology Fund 64,418 53,831 58,382 73,449 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Forty Portfolio 217,365 281,114 305,780 374,145 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Overseas Portfolio 334,711 404,463 480,782 630,845 ------------------------------------------------------------------------------------------------------------ MFS(R) Utilities Series 118,120 149,734 187,254 220,173 ------------------------------------------------------------------------------------------------------------ Multimanager Multi-Sector Bond 309,259 339,607 357,943 468,645 ------------------------------------------------------------------------------------------------------------ Multimanager Small Cap Growth 227,899 264,362 316,585 395,880 ------------------------------------------------------------------------------------------------------------ Oppenheimer Global Securities Fund/VA 184,931 240,294 355,444 417,130 ------------------------------------------------------------------------------------------------------------ PIMCO VIT Global Bond (Unhedged) 254,379 355,733 436,029 447,782 ------------------------------------------------------------------------------------------------------------ ProFund VP Bear 6,581 8,250 14,925 6,368 ------------------------------------------------------------------------------------------------------------ ProFund VP Rising Rates Opportunity 519,994 523,403 550,106 588,907 ------------------------------------------------------------------------------------------------------------ ProFund VP UltraBull 45,060 47,419 59,202 63,189 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ UNITS OUTSTANDING ----------------------------------------------------------------------- Option 1 Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------ All Asset Allocation 571,946 684,468 600,615 492,730 204,572 ------------------------------------------------------------------------------------------------------------ AXA Aggressive Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Conservative Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Conservative-Plus Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Moderate Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Moderate-Plus Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/AllianceBernstein Small Cap Growth -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/BlackRock Basic Value Equity 73,324 76,278 -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Boston Advisors Equity Income 458,184 481,560 408,003 239,493 82,561 ------------------------------------------------------------------------------------------------------------ EQ/Calvert Socially Responsible 40,077 41,217 -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Capital Guardian Research -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Core Bond Index 1,073,917 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Mergers and Acquisitions 114,393 118,242 117,926 38,541 -- ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Small Company Value 1,023,043 1,143,854 1,097,488 756,306 311,226 ------------------------------------------------------------------------------------------------------------ EQ/Global Multi-Sector Equity 219,291 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Intermediate Government Bond Index -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Large Cap Value PLUS -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Lord Abbett Growth and Income 1,103,903 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Index 508,220 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Value PLUS -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Money Market 1,099,869 1,052,098 -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Montag & Caldwell Growth 1,361,636 1,685,752 1,581,734 1,198,093 392,688 ------------------------------------------------------------------------------------------------------------ EQ/Morgan Stanley Mid Cap Growth -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/PIMCO Ultra Short Bond 359,919 446,362 457,385 319,045 143,483 ------------------------------------------------------------------------------------------------------------ EQ/Small Company Index -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/UBS Growth and Income 260,211 272,117 270,546 191,851 91,127 ------------------------------------------------------------------------------------------------------------ Franklin Income Securities Fund 416,536 328,984 247,404 116,756 -- ------------------------------------------------------------------------------------------------------------ Franklin Rising Dividends Securities 171,880 146,067 158,869 98,376 -- ------------------------------------------------------------------------------------------------------------ Invesco V.I. Financial Services Fund 83,552 79,714 84,428 68,229 23,757 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Health Care 128,350 130,612 133,944 89,624 34,314 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Value Equity Portfolio 251,427 277,293 268,706 208,605 53,212 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Technology Fund 75,551 80,630 89,696 58,966 23,622 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Forty Portfolio 335,485 220,717 182,506 136,171 32,480 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Overseas Portfolio 698,959 698,879 723,025 546,239 174,311 ------------------------------------------------------------------------------------------------------------ MFS(R) Utilities Series 195,895 171,034 134,931 72,426 18,209 ------------------------------------------------------------------------------------------------------------ Multimanager Multi-Sector Bond 482,385 -- -- -- -- ------------------------------------------------------------------------------------------------------------ Multimanager Small Cap Growth 478,312 503,409 553,406 407,080 142,861 ------------------------------------------------------------------------------------------------------------ Oppenheimer Global Securities Fund/VA 449,536 419,429 330,561 95,923 -- ------------------------------------------------------------------------------------------------------------ PIMCO VIT Global Bond (Unhedged) 381,670 391,686 381,980 222,104 53,299 ------------------------------------------------------------------------------------------------------------ ProFund VP Bear 8,292 7,569 13,091 4,960 -- ------------------------------------------------------------------------------------------------------------ ProFund VP Rising Rates Opportunity 609,227 613,062 617,666 528,778 -- ------------------------------------------------------------------------------------------------------------ ProFund VP UltraBull 90,284 82,491 89,655 53,814 -- ------------------------------------------------------------------------------------------------------------
~~APPENDIX II: CONDENSED FINANCIAL INFORMATION II-3~~
----------------------------------------------------------------------------------------------------- UNIT VALUE ----------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 2 2010 2009 2008 2007 ----------------------------------------------------------------------------------------------------- All Asset Allocation $ 11.36 $ 10.05 $ 8.10 $ 11.84 ----------------------------------------------------------------------------------------------------- AXA Aggressive Allocation 8.31 7.47 5.97 9.99 ----------------------------------------------------------------------------------------------------- AXA Conservative Allocation 10.28 9.75 9.03 10.32 ----------------------------------------------------------------------------------------------------- AXA Conservative-Plus Allocation 9.73 9.08 8.07 10.19 ----------------------------------------------------------------------------------------------------- AXA Moderate Allocation 9.40 8.70 7.56 10.18 ----------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation 8.92 8.13 6.78 10.11 ----------------------------------------------------------------------------------------------------- EQ/AllianceBernstein Small Cap 12.11 9.22 6.89 12.64 Growth ----------------------------------------------------------------------------------------------------- EQ/BlackRock Basic Value Equity 10.63 9.63 7.52 12.06 ----------------------------------------------------------------------------------------------------- EQ/Boston Advisors Equity Income 11.62 10.21 9.31 13.99 ----------------------------------------------------------------------------------------------------- EQ/Calvert Socially Responsible 9.09 8.21 6.38 11.85 ----------------------------------------------------------------------------------------------------- EQ/Capital Guardian Research 12.46 10.92 8.43 14.17 ----------------------------------------------------------------------------------------------------- EQ/Core Bond Index 12.72 12.20 12.06 13.44 ----------------------------------------------------------------------------------------------------- EQ/GAMCO Mergers and Acquisitions 13.58 12.60 10.99 12.97 ----------------------------------------------------------------------------------------------------- EQ/GAMCO Small Company Value 23.33 17.89 12.86 18.87 ----------------------------------------------------------------------------------------------------- EQ/Global Multi-Sector Equity 25.50 23.23 15.72 37.39 ----------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond 11.60 11.29 -- -- Index ----------------------------------------------------------------------------------------------------- EQ/Large Cap Value PLUS 8.52 7.68 6.47 11.55 ----------------------------------------------------------------------------------------------------- EQ/Lord Abbett Growth and Income 11.90 10.28 8.83 14.13 ----------------------------------------------------------------------------------------------------- EQ/Mid Cap Index 13.56 10.94 8.14 16.29 ----------------------------------------------------------------------------------------------------- EQ/Mid Cap Value PLUS 13.51 11.22 -- -- ----------------------------------------------------------------------------------------------------- EQ/Money Market 10.44 10.61 10.76 10.69 ----------------------------------------------------------------------------------------------------- EQ/Montag & Caldwell Growth 10.67 10.03 7.86 11.92 ----------------------------------------------------------------------------------------------------- EQ/Morgan Stanley Mid Cap Growth 12.33 9.46 6.11 11.77 ----------------------------------------------------------------------------------------------------- EQ/PIMCO Ultra Short Bond 12.01 12.12 11.41 12.10 ----------------------------------------------------------------------------------------------------- EQ/Small Company Index 17.32 13.97 11.24 17.31 ----------------------------------------------------------------------------------------------------- EQ/UBS Growth and Income 11.02 9.91 7.61 12.91 ----------------------------------------------------------------------------------------------------- Franklin Income Securities Fund 15.98 14.43 10.82 15.65 ----------------------------------------------------------------------------------------------------- Franklin Rising Dividends Securities 14.23 12.00 10.40 14.51 ----------------------------------------------------------------------------------------------------- Invesco V.I. Financial Services Fund 5.71 5.27 4.21 10.55 ----------------------------------------------------------------------------------------------------- Invesco V.I. Global Health Care 11.85 11.45 9.12 13.00 ----------------------------------------------------------------------------------------------------- Invesco V.I. Global Value Equity 10.77 9.87 8.66 14.71 Portfolio ----------------------------------------------------------------------------------------------------- Invesco V.I. Technology Fund 9.67 8.11 5.24 9.61 ----------------------------------------------------------------------------------------------------- Janus Aspen Series Forty Portfolio 15.95 15.23 10.61 19.38 ----------------------------------------------------------------------------------------------------- Janus Aspen Series Overseas Portfolio 29.27 23.81 13.53 28.80 ----------------------------------------------------------------------------------------------------- MFS(R) Utilities Series 24.41 21.81 16.66 27.18 ----------------------------------------------------------------------------------------------------- Multimanager Multi-Sector Bond 12.16 11.57 10.71 14.20 ----------------------------------------------------------------------------------------------------- Multimanager Small Cap Growth 11.78 9.39 7.10 12.48 ----------------------------------------------------------------------------------------------------- Oppenheimer Global Securities 20.05 17.63 12.87 21.93 Fund/VA ----------------------------------------------------------------------------------------------------- PIMCO VIT Global Bond (Unhedged) 18.15 16.53 14.39 14.76 ----------------------------------------------------------------------------------------------------- ProFund VP Bear 5.36 6.63 9.35 6.80 ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- UNIT VALUE ----------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 2 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------- All Asset Allocation $ 11.52 $ 10.63 $ 10.29 $ 9.64 $ 8.11 ----------------------------------------------------------------------------------------------------- AXA Aggressive Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------- AXA Conservative Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------- AXA Conservative-Plus Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------- AXA Moderate Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/AllianceBernstein Small Cap -- -- -- -- -- Growth ----------------------------------------------------------------------------------------------------- EQ/BlackRock Basic Value Equity 12.12 10.20 -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Boston Advisors Equity Income 13.72 12.03 11.52 9.94 7.99 ----------------------------------------------------------------------------------------------------- EQ/Calvert Socially Responsible 10.75 10.39 -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Capital Guardian Research -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Core Bond Index 13.22 -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/GAMCO Mergers and Acquisitions 12.76 11.57 11.26 10.87 -- ----------------------------------------------------------------------------------------------------- EQ/GAMCO Small Company Value 17.56 15.03 14.65 12.33 9.12 ----------------------------------------------------------------------------------------------------- EQ/Global Multi-Sector Equity 26.72 -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond -- -- -- -- -- Index ----------------------------------------------------------------------------------------------------- EQ/Large Cap Value PLUS -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Lord Abbett Growth and Income 13.85 -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Mid Cap Index 15.30 -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Mid Cap Value PLUS -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Money Market 10.36 10.06 -- -- -- ----------------------------------------------------------------------------------------------------- EQ/Montag & Caldwell Growth 10.03 9.46 9.12 8.92 7.75 ----------------------------------------------------------------------------------------------------- EQ/Morgan Stanley Mid Cap Growth -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/PIMCO Ultra Short Bond 11.04 11.18 11.29 10.96 10.55 ----------------------------------------------------------------------------------------------------- EQ/Small Company Index -- -- -- -- -- ----------------------------------------------------------------------------------------------------- EQ/UBS Growth and Income 12.98 11.57 10.80 9.70 7.73 ----------------------------------------------------------------------------------------------------- Franklin Income Securities Fund 15.34 13.20 13.21 11.80 -- ----------------------------------------------------------------------------------------------------- Franklin Rising Dividends Securities 15.17 13.18 12.96 11.87 -- ----------------------------------------------------------------------------------------------------- Invesco V.I. Financial Services Fund 13.79 12.05 11.57 10.83 8.50 ----------------------------------------------------------------------------------------------------- Invesco V.I. Global Health Care 11.82 11.43 10.75 10.16 8.09 ----------------------------------------------------------------------------------------------------- Invesco V.I. Global Value Equity 14.03 11.77 11.32 10.14 7.99 Portfolio ----------------------------------------------------------------------------------------------------- Invesco V.I. Technology Fund 9.08 8.35 8.32 7.90 5.98 ----------------------------------------------------------------------------------------------------- Janus Aspen Series Forty Portfolio 14.43 13.45 12.16 10.48 8.87 ----------------------------------------------------------------------------------------------------- Janus Aspen Series Overseas Portfolio 22.89 15.87 12.24 10.49 7.93 ----------------------------------------------------------------------------------------------------- MFS(R) Utilities Series 21.62 16.75 14.58 11.39 8.53 ----------------------------------------------------------------------------------------------------- Multimanager Multi-Sector Bond 13.97 -- -- -- -- ----------------------------------------------------------------------------------------------------- Multimanager Small Cap Growth 12.24 11.29 10.68 9.65 7.98 ----------------------------------------------------------------------------------------------------- Oppenheimer Global Securities 21.03 18.23 16.25 13.91 -- Fund/VA ----------------------------------------------------------------------------------------------------- PIMCO VIT Global Bond (Unhedged) 13.68 13.30 14.48 13.32 11.84 ----------------------------------------------------------------------------------------------------- ProFund VP Bear 6.87 7.56 7.79 8.84 -- -----------------------------------------------------------------------------------------------------
~~II-4 APPENDIX II: CONDENSED FINANCIAL INFORMATION~~
----------------------------------------------------------------------------------------------------- UNIT VALUE --------------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 2 2010 2009 2008 2007 ----------------------------------------------------------------------------------------------------- ProFund VP Rising Rates Opportunity 5.57 6.75 5.19 8.52 ----------------------------------------------------------------------------------------------------- ProFund VP UltraBull 9.27 7.72 5.43 16.94 ----------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------- UNIT VALUE --------------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 2 2006 2005 2004 2003 2002 ----------------------------------------------------------------------------------------------------- ProFund VP Rising Rates Opportunity 9.14 8.44 9.32 10.64 -- ----------------------------------------------------------------------------------------------------- ProFund VP UltraBull 17.09 14.12 14.00 12.15 -- -----------------------------------------------------------------------------------------------------
~~APPENDIX II: CONDENSED FINANCIAL INFORMATION II-5~~
------------------------------------------------------------------------------------------------------------------- UNITS OUTSTANDING ------------------------------------------------------------------------------------------------------------------- Option 2 Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2010 2009 2008 2007 ------------------------------------------------------------------------------------------------------------------- All Asset Allocation 312,126 348,568 422,018 497,752 ------------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation 35,161 78,989 108,793 25,166 ------------------------------------------------------------------------------------------------------------------- AXA Conservative Allocation 46,978 60,616 57,009 33,148 ------------------------------------------------------------------------------------------------------------------- AXA Conservative-Plus Allocation 49,080 61,986 138,523 82,083 ------------------------------------------------------------------------------------------------------------------- AXA Moderate Allocation 460,554 473,846 284,753 87,026 ------------------------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation 239,230 332,932 233,785 179,231 ------------------------------------------------------------------------------------------------------------------- EQ/AllianceBernstein Small Cap Growth 61,103 85,165 110,121 143,655 ------------------------------------------------------------------------------------------------------------------- EQ/BlackRock Basic Value Equity 218,864 285,518 296,279 358,489 ------------------------------------------------------------------------------------------------------------------- EQ/Boston Advisors Equity Income 243,386 280,823 356,589 432,755 ------------------------------------------------------------------------------------------------------------------- EQ/Calvert Socially Responsible 14,911 26,052 35,479 42,384 ------------------------------------------------------------------------------------------------------------------- EQ/Capital Guardian Research 73,927 75,986 103,379 119,932 ------------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index 789,657 1,006,718 1,022,385 1,327,404 ------------------------------------------------------------------------------------------------------------------- EQ/GAMCO Mergers and Acquisitions 76,681 85,065 122,990 152,474 ------------------------------------------------------------------------------------------------------------------- EQ/GAMCO Small Company Value 490,470 600,662 733,202 924,400 ------------------------------------------------------------------------------------------------------------------- EQ/Global Multi-Sector Equity 99,042 131,751 148,122 184,157 ------------------------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index 453,764 549,968 -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Large Cap Value PLUS 58,018 67,764 98,849 142,380 ------------------------------------------------------------------------------------------------------------------- EQ/Lord Abbett Growth and Income 437,515 525,039 662,750 853,495 ------------------------------------------------------------------------------------------------------------------- EQ/Mid Cap Index 303,478 386,610 505,582 630,181 ------------------------------------------------------------------------------------------------------------------- EQ/Mid Cap Value PLUS 527,298 683,891 -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Money Market 676,146 814,956 804,101 580,027 ------------------------------------------------------------------------------------------------------------------- EQ/Montag & Caldwell Growth 602,366 777,279 945,627 1,195,392 ------------------------------------------------------------------------------------------------------------------- EQ/Morgan Stanley Mid Cap Growth 383,207 462,363 557,677 681,613 ------------------------------------------------------------------------------------------------------------------- EQ/PIMCO Ultra Short Bond 359,592 462,074 441,573 448,175 ------------------------------------------------------------------------------------------------------------------- EQ/Small Company Index 105,181 123,018 145,865 175,276 ------------------------------------------------------------------------------------------------------------------- EQ/UBS Growth and Income 161,882 209,472 238,464 277,764 ------------------------------------------------------------------------------------------------------------------- Franklin Income Securities Fund 692,744 832,882 951,395 1,274,513 ------------------------------------------------------------------------------------------------------------------- Franklin Rising Dividends Securities 141,788 141,110 179,625 222,750 ------------------------------------------------------------------------------------------------------------------- Invesco V.I. Financial Services Fund 52,949 74,595 57,908 65,020 ------------------------------------------------------------------------------------------------------------------- Invesco V.I. Global Health Care 49,787 85,498 102,900 113,589 ------------------------------------------------------------------------------------------------------------------- Invesco V.I. Global Value Equity Portfolio 77,351 103,527 147,450 173,282 ------------------------------------------------------------------------------------------------------------------- Invesco V.I. Technology Fund 31,704 56,851 33,691 46,623 ------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Forty Portfolio 152,759 204,902 199,847 228,886 ------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Overseas Portfolio 339,938 413,632 485,146 602,248 ------------------------------------------------------------------------------------------------------------------- MFS(R) Utilities Series 83,674 122,322 135,905 183,058 ------------------------------------------------------------------------------------------------------------------- Multimanager Multi-Sector Bond 217,024 259,324 310,015 393,689 ------------------------------------------------------------------------------------------------------------------- Multimanager Small Cap Growth 205,081 286,588 351,830 427,713 ------------------------------------------------------------------------------------------------------------------- Oppenheimer Global Securities Fund/VA 185,262 236,035 279,214 371,734 ------------------------------------------------------------------------------------------------------------------- PIMCO VIT Global Bond (Unhedged) 197,051 250,843 298,376 342,780 ------------------------------------------------------------------------------------------------------------------- ProFund VP Bear 4,088 17,646 61,612 2,003 ------------------------------------------------------------------------------------------------------------------- ProFund VP Rising Rates Opportunity 37,748 48,007 52,767 75,763 ------------------------------------------------------------------------------------------------------------------- ProFund VP UltraBull 48,891 56,863 66,255 98,376 ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- UNITS OUTSTANDING ------------------------------------------------------------------------------------------------------------------- Option 2 Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------------- All Asset Allocation 588,516 639,152 630,072 522,037 225,750 ------------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- AXA Conservative Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- AXA Conservative-Plus Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- AXA Moderate Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/AllianceBernstein Small Cap Growth -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/BlackRock Basic Value Equity 59,749 62,761 -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Boston Advisors Equity Income 503,174 530,146 468,935 268,992 114,840 ------------------------------------------------------------------------------------------------------------------- EQ/Calvert Socially Responsible 39,749 39,883 -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Capital Guardian Research -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index 1,186,120 -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/GAMCO Mergers and Acquisitions 158,142 132,522 109,352 39,335 -- ------------------------------------------------------------------------------------------------------------------- EQ/GAMCO Small Company Value 1,036,914 1,167,441 1,150,083 900,245 527,141 ------------------------------------------------------------------------------------------------------------------- EQ/Global Multi-Sector Equity 178,447 -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Large Cap Value PLUS -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Lord Abbett Growth and Income 977,862 -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Mid Cap Index 568,855 -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Mid Cap Value PLUS -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Money Market 584,835 792,861 -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/Montag & Caldwell Growth 1,424,361 1,660,838 1,564,074 1,219,870 488,730 ------------------------------------------------------------------------------------------------------------------- EQ/Morgan Stanley Mid Cap Growth -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/PIMCO Ultra Short Bond 520,580 703,323 728,549 622,933 267,405 ------------------------------------------------------------------------------------------------------------------- EQ/Small Company Index -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------- EQ/UBS Growth and Income 344,841 355,846 344,413 294,667 180,021 ------------------------------------------------------------------------------------------------------------------- Franklin Income Securities Fund 474,042 372,282 305,097 127,569 -- ------------------------------------------------------------------------------------------------------------------- Franklin Rising Dividends Securities 208,165 182,562 171,242 72,994 -- ------------------------------------------------------------------------------------------------------------------- Invesco V.I. Financial Services Fund 79,115 85,675 86,053 75,930 41,101 ------------------------------------------------------------------------------------------------------------------- Invesco V.I. Global Health Care 146,760 155,532 165,621 140,052 91,838 ------------------------------------------------------------------------------------------------------------------- Invesco V.I. Global Value Equity Portfolio 200,547 242,058 239,554 181,040 67,913 ------------------------------------------------------------------------------------------------------------------- Invesco V.I. Technology Fund 48,598 46,447 52,034 33,467 24,267 ------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Forty Portfolio 244,138 229,728 203,433 140,717 57,811 ------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Overseas Portfolio 626,622 639,223 657,169 467,730 231,583 ------------------------------------------------------------------------------------------------------------------- MFS(R) Utilities Series 167,461 176,163 137,465 79,773 37,190 ------------------------------------------------------------------------------------------------------------------- Multimanager Multi-Sector Bond 424,180 -- -- -- -- ------------------------------------------------------------------------------------------------------------------- Multimanager Small Cap Growth 525,434 540,197 538,881 430,208 249,366 ------------------------------------------------------------------------------------------------------------------- Oppenheimer Global Securities Fund/VA 395,586 377,484 313,678 112,568 -- ------------------------------------------------------------------------------------------------------------------- PIMCO VIT Global Bond (Unhedged) 374,179 409,365 412,145 303,678 99,887 ------------------------------------------------------------------------------------------------------------------- ProFund VP Bear 3,098 4,277 4,994 1,052 -- ------------------------------------------------------------------------------------------------------------------- ProFund VP Rising Rates Opportunity 98,446 116,343 135,919 85,507 -- ------------------------------------------------------------------------------------------------------------------- ProFund VP UltraBull 94,866 116,832 118,709 66,123 -- -------------------------------------------------------------------------------------------------------------------
~~II-6 APPENDIX II: CONDENSED FINANCIAL INFORMATION~~
------------------------------------------------------------------------------------------------------------ UNIT VALUE -------------------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 3 2010 2009 2008 2007 ------------------------------------------------------------------------------------------------------------ All Asset Allocation $ 10.82 $ 9.63 $ 7.82 $ 11.50 ------------------------------------------------------------------------------------------------------------ AXA Aggressive Allocation 8.12 7.35 5.91 9.95 ------------------------------------------------------------------------------------------------------------ AXA Conservative Allocation 10.05 9.59 8.94 10.28 ------------------------------------------------------------------------------------------------------------ AXA Conservative-Plus Allocation 9.51 8.93 7.99 10.15 ------------------------------------------------------------------------------------------------------------ AXA Moderate Allocation 9.18 8.56 7.49 10.15 ------------------------------------------------------------------------------------------------------------ AXA Moderate-Plus Allocation 8.71 8.00 6.71 10.07 ------------------------------------------------------------------------------------------------------------ EQ/AllianceBernstein Small Cap 11.65 8.93 6.72 12.40 Growth ------------------------------------------------------------------------------------------------------------ EQ/BlackRock Basic Value Equity 10.27 9.37 7.36 11.88 ------------------------------------------------------------------------------------------------------------ EQ/Boston Advisors Equity Income 10.96 9.70 8.90 13.46 ------------------------------------------------------------------------------------------------------------ EQ/Calvert Socially Responsible 8.78 7.99 6.25 11.68 ------------------------------------------------------------------------------------------------------------ EQ/Capital Guardian Research 11.74 10.35 8.04 13.61 ------------------------------------------------------------------------------------------------------------ EQ/Core Bond Index 11.97 11.55 11.49 12.88 ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Mergers and Acquisitions 12.42 11.60 10.18 12.10 ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Small Company Value 22.28 17.20 12.45 18.38 ------------------------------------------------------------------------------------------------------------ EQ/Global Multi-Sector Equity 24.52 22.48 15.31 36.66 ------------------------------------------------------------------------------------------------------------ EQ/Intermediate Government Bond 10.95 10.73 -- -- Index ------------------------------------------------------------------------------------------------------------ EQ/Large Cap Value PLUS 8.39 7.61 6.46 11.60 ------------------------------------------------------------------------------------------------------------ EQ/Lord Abbett Growth and Income 10.95 9.52 8.23 13.25 ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Index 12.95 10.51 7.88 15.87 ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Value PLUS 13.39 11.19 -- -- ------------------------------------------------------------------------------------------------------------ EQ/Money Market 10.08 10.31 10.53 10.53 ------------------------------------------------------------------------------------------------------------ EQ/Montag & Caldwell Growth 10.12 9.58 7.56 11.53 ------------------------------------------------------------------------------------------------------------ EQ/Morgan Stanley Mid Cap Growth 10.79 8.33 5.42 10.50 ------------------------------------------------------------------------------------------------------------ EQ/PIMCO Ultra Short Bond 11.31 11.48 10.88 11.61 ------------------------------------------------------------------------------------------------------------ EQ/Small Company Index 16.49 13.38 10.84 16.80 ------------------------------------------------------------------------------------------------------------ EQ/UBS Growth and Income 10.57 9.57 7.40 12.63 ------------------------------------------------------------------------------------------------------------ Franklin Income Securities Fund 15.23 13.84 10.45 15.21 ------------------------------------------------------------------------------------------------------------ Franklin Rising Dividends Securities 13.16 11.17 9.74 13.68 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Financial Services Fund 5.52 5.12 4.12 10.39 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Health Care 11.08 10.78 8.64 12.39 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Value Equity 10.12 9.34 8.24 14.10 Portfolio ------------------------------------------------------------------------------------------------------------ Invesco V.I. Technology Fund 10.12 8.54 5.55 10.25 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Forty Portfolio 15.08 14.50 10.17 18.69 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Overseas Portfolio 27.57 22.57 12.91 27.66 ------------------------------------------------------------------------------------------------------------ MFS(R) Utilities Series 21.60 19.43 14.93 24.52 ------------------------------------------------------------------------------------------------------------ Multimanager Multi-Sector Bond 11.55 11.06 10.30 13.76 ------------------------------------------------------------------------------------------------------------ Multimanager Small Cap Growth 10.99 8.81 6.71 11.86 ------------------------------------------------------------------------------------------------------------ Oppenheimer Global Securities 17.01 15.05 11.05 18.97 Fund/VA ------------------------------------------------------------------------------------------------------------ PIMCO VIT Global Bond (Unhedged) 17.30 15.86 13.90 14.35 ------------------------------------------------------------------------------------------------------------ ProFund VP Bear 4.65 5.80 8.23 6.02 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ UNIT VALUE DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 3 2006 2005 2004 2003 2002 All Asset Allocation $ 11.26 $ 10.46 $ 10.19 $ 9.60 $ 8.13 ------------------------------------------------------------------------------------------------------------ AXA Aggressive Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Conservative Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Conservative-Plus Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Moderate Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Moderate-Plus Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/AllianceBernstein Small Cap -- -- -- -- -- Growth ------------------------------------------------------------------------------------------------------------ EQ/BlackRock Basic Value Equity 12.02 10.18 -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Boston Advisors Equity Income 13.29 11.73 11.30 9.82 7.93 ------------------------------------------------------------------------------------------------------------ EQ/Calvert Socially Responsible 10.66 10.37 -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Capital Guardian Research -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Core Bond Index 12.76 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Mergers and Acquisitions 11.98 10.93 10.71 10.40 -- ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Small Company Value 17.21 14.83 14.55 12.32 9.18 ------------------------------------------------------------------------------------------------------------ EQ/Global Multi-Sector Equity 26.37 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Intermediate Government Bond -- -- -- -- -- Index ------------------------------------------------------------------------------------------------------------ EQ/Large Cap Value PLUS -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Lord Abbett Growth and Income 13.08 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Index 15.00 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Value PLUS -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Money Market 10.27 10.04 -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Montag & Caldwell Growth 9.77 9.27 9.00 8.85 7.74 ------------------------------------------------------------------------------------------------------------ EQ/Morgan Stanley Mid Cap Growth -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/PIMCO Ultra Short Bond 10.67 10.87 11.05 10.79 10.46 ------------------------------------------------------------------------------------------------------------ EQ/Small Company Index -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/UBS Growth and Income 12.79 11.47 10.78 9.74 7.82 ------------------------------------------------------------------------------------------------------------ Franklin Income Securities Fund 15.01 13.00 13.09 11.77 -- ------------------------------------------------------------------------------------------------------------ Franklin Rising Dividends Securities 14.39 12.58 12.45 11.49 -- Invesco V.I. Financial Services Fund 13.68 12.02 11.63 10.95 8.65 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Health Care 11.35 11.04 10.45 9.94 7.96 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Value Equity 13.54 11.43 11.06 9.98 7.92 Portfolio ------------------------------------------------------------------------------------------------------------ Invesco V.I. Technology Fund 9.74 9.03 9.04 8.65 6.59 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Forty Portfolio 14.01 13.14 11.95 10.37 8.83 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Overseas Portfolio 22.12 15.44 11.98 10.34 7.86 ------------------------------------------------------------------------------------------------------------ MFS(R) Utilities Series 19.63 15.31 13.41 10.55 7.94 ------------------------------------------------------------------------------------------------------------ Multimanager Multi-Sector Bond 13.62 -- -- -- -- ------------------------------------------------------------------------------------------------------------ Multimanager Small Cap Growth 11.72 10.88 10.35 9.42 7.84 ------------------------------------------------------------------------------------------------------------ Oppenheimer Global Securities 18.31 15.87 14.33 12.34 -- Fund/VA ------------------------------------------------------------------------------------------------------------ PIMCO VIT Global Bond (Unhedged) 13.39 13.10 14.36 13.29 11.89 ------------------------------------------------------------------------------------------------------------ ProFund VP Bear 6.13 6.78 7.04 8.03 -- ------------------------------------------------------------------------------------------------------------
~~APPENDIX II: CONDENSED FINANCIAL INFORMATION II-7~~
------------------------------------------------------------------------------------------------------------ UNIT VALUE ------------------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 3 2010 2009 2008 2007 ------------------------------------------------------------------------------------------------------------ ProFund VP Rising Rates Opportunity 5.29 6.45 5.00 8.25 ------------------------------------------------------------------------------------------------------------ ProFund VP UltraBull 10.02 8.40 5.94 18.67 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ UNIT VALUE ------------------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, OPTION 3 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------ ProFund VP Rising Rates Opportunity 8.91 8.28 9.20 10.57 -- ------------------------------------------------------------------------------------------------------------ ProFund VP UltraBull 18.95 15.77 15.73 13.74 -- ------------------------------------------------------------------------------------------------------------
~~II-8 APPENDIX II: CONDENSED FINANCIAL INFORMATION~~
------------------------------------------------------------------------------------------------------------ UNITS OUTSTANDING ----------------------------------------------------------------------- Option 3 Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2010 2009 2008 2007 ------------------------------------------------------------------------------------------------------------ All Asset Allocation 151,771 174,411 216,521 254,235 ------------------------------------------------------------------------------------------------------------ AXA Aggressive Allocation 40,573 37,046 17,830 34,138 ------------------------------------------------------------------------------------------------------------ AXA Conservative Allocation 77,068 17,467 5,709 - ------------------------------------------------------------------------------------------------------------ AXA Conservative-Plus Allocation 38,715 28,089 15,344 8,553 ------------------------------------------------------------------------------------------------------------ AXA Moderate Allocation 125,067 143,749 88,659 50,097 ------------------------------------------------------------------------------------------------------------ AXA Moderate-Plus Allocation 129,275 98,028 91,336 101,843 ------------------------------------------------------------------------------------------------------------ EQ/AllianceBernstein Small Cap Growth 81,971 90,660 119,708 118,648 ------------------------------------------------------------------------------------------------------------ EQ/BlackRock Basic Value Equity 198,047 208,484 225,245 249,281 ------------------------------------------------------------------------------------------------------------ EQ/Boston Advisors Equity Income 223,501 270,840 285,462 340,231 ------------------------------------------------------------------------------------------------------------ EQ/Calvert Socially Responsible 11,121 15,293 27,274 30,193 ------------------------------------------------------------------------------------------------------------ EQ/Capital Guardian Research 58,908 68,895 75,551 88,898 ------------------------------------------------------------------------------------------------------------ EQ/Core Bond Index 549,335 645,684 554,830 659,415 ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Mergers and Acquisitions 78,893 87,045 100,229 110,532 ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Small Company Value 340,106 404,191 457,808 555,475 ------------------------------------------------------------------------------------------------------------ EQ/Global Multi-Sector Equity 87,875 108,954 119,794 131,877 ------------------------------------------------------------------------------------------------------------ EQ/Intermediate Government Bond Index 376,543 421,835 -- -- ------------------------------------------------------------------------------------------------------------ EQ/Large Cap Value PLUS 70,725 76,434 85,550 104,475 ------------------------------------------------------------------------------------------------------------ EQ/Lord Abbett Growth and Income 326,836 374,126 457,511 524,111 ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Index 339,741 379,519 447,586 513,390 ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Value PLUS 302,196 351,453 -- -- ------------------------------------------------------------------------------------------------------------ EQ/Money Market 557,453 696,885 542,948 644,650 ------------------------------------------------------------------------------------------------------------ EQ/Montag & Caldwell Growth 456,311 547,724 616,988 740,646 ------------------------------------------------------------------------------------------------------------ EQ/Morgan Stanley Mid Cap Growth 292,866 356,085 387,830 462,277 ------------------------------------------------------------------------------------------------------------ EQ/PIMCO Ultra Short Bond 150,539 202,811 150,857 119,459 ------------------------------------------------------------------------------------------------------------ EQ/Small Company Index 45,489 69,833 89,275 94,407 ------------------------------------------------------------------------------------------------------------ EQ/UBS Growth and Income 175,553 192,521 178,458 212,333 ------------------------------------------------------------------------------------------------------------ Franklin Income Securities Fund 380,714 438,894 516,649 639,433 ------------------------------------------------------------------------------------------------------------ Franklin Rising Dividends Securities 103,576 109,550 121,162 130,496 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Financial Services Fund 75,761 78,034 79,897 83,028 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Health Care 84,358 92,452 110,759 128,499 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Value Equity Portfolio 58,465 63,870 95,468 106,061 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Technology Fund 29,419 30,791 42,232 41,117 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Forty Portfolio 97,193 124,266 142,574 157,757 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Overseas Portfolio 287,233 345,320 442,783 518,962 ------------------------------------------------------------------------------------------------------------ MFS(R) Utilities Series 71,204 91,752 99,733 110,435 ------------------------------------------------------------------------------------------------------------ Multimanager Multi-Sector Bond 149,629 162,634 172,340 211,992 ------------------------------------------------------------------------------------------------------------ Multimanager Small Cap Growth 194,598 228,267 298,509 365,192 ------------------------------------------------------------------------------------------------------------ Oppenheimer Global Securities Fund/VA 113,820 131,009 151,724 179,536 ------------------------------------------------------------------------------------------------------------ PIMCO VIT Global Bond (Unhedged) 122,178 133,700 161,765 170,551 ------------------------------------------------------------------------------------------------------------ ProFund VP Bear 5,516 10,113 20,500 6,114 ------------------------------------------------------------------------------------------------------------ ProFund VP Rising Rates Opportunity 36,458 39,524 40,075 56,817 ------------------------------------------------------------------------------------------------------------ ProFund VP UltraBull 125,003 162,969 196,300 132,356 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ UNITS OUTSTANDING ----------------------------------------------------------------------- Option 3 Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2006 2005 2004 2003 2002 ------------------------------------------------------------------------------------------------------------ All Asset Allocation 279,059 304,351 329,211 264,065 130,971 ------------------------------------------------------------------------------------------------------------ AXA Aggressive Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Conservative Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Conservative-Plus Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Moderate Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ AXA Moderate-Plus Allocation -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/AllianceBernstein Small Cap Growth -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/BlackRock Basic Value Equity 66,466 55,843 -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Boston Advisors Equity Income 393,271 450,085 443,355 210,340 85,624 ------------------------------------------------------------------------------------------------------------ EQ/Calvert Socially Responsible 25,282 27,434 -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Capital Guardian Research -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Core Bond Index 491,298 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Mergers and Acquisitions 147,362 152,240 142,384 19,602 -- ------------------------------------------------------------------------------------------------------------ EQ/GAMCO Small Company Value 655,604 745,939 771,937 570,622 312,519 ------------------------------------------------------------------------------------------------------------ EQ/Global Multi-Sector Equity 158,960 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Intermediate Government Bond Index -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Large Cap Value PLUS -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Lord Abbett Growth and Income 547,148 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Index 478,745 -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Mid Cap Value PLUS -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Money Market 485,349 525,734 -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/Montag & Caldwell Growth 1,028,742 1,254,424 1,231,095 903,450 322,138 ------------------------------------------------------------------------------------------------------------ EQ/Morgan Stanley Mid Cap Growth -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/PIMCO Ultra Short Bond 140,823 163,210 172,435 132,055 58,455 ------------------------------------------------------------------------------------------------------------ EQ/Small Company Index -- -- -- -- -- ------------------------------------------------------------------------------------------------------------ EQ/UBS Growth and Income 272,190 284,955 288,655 205,585 116,862 ------------------------------------------------------------------------------------------------------------ Franklin Income Securities Fund 136,586 130,576 149,633 53,664 -- ------------------------------------------------------------------------------------------------------------ Franklin Rising Dividends Securities 150,943 129,608 127,851 25,163 -- ------------------------------------------------------------------------------------------------------------ Invesco V.I. Financial Services Fund 85,887 93,977 91,928 58,614 19,438 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Health Care 141,522 160,443 165,597 117,180 31,890 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Global Value Equity Portfolio 142,928 137,508 138,208 107,025 96,503 ------------------------------------------------------------------------------------------------------------ Invesco V.I. Technology Fund 60,685 61,622 68,906 40,774 15,037 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Forty Portfolio 141,545 137,929 133,787 103,426 40,704 ------------------------------------------------------------------------------------------------------------ Janus Aspen Series Overseas Portfolio 580,743 582,650 605,704 443,160 191,763 ------------------------------------------------------------------------------------------------------------ MFS(R) Utilities Series 114,401 123,861 108,933 53,404 13,481 ------------------------------------------------------------------------------------------------------------ Multimanager Multi-Sector Bond 247,892 -- -- -- -- ------------------------------------------------------------------------------------------------------------ Multimanager Small Cap Growth 428,335 462,017 484,221 381,741 174,101 ------------------------------------------------------------------------------------------------------------ Oppenheimer Global Securities Fund/VA 193,323 212,652 206,632 53,888 -- ------------------------------------------------------------------------------------------------------------ PIMCO VIT Global Bond (Unhedged) 195,938 229,087 267,365 194,076 50,418 ------------------------------------------------------------------------------------------------------------ ProFund VP Bear 10,309 12,635 12,064 5,843 -- ------------------------------------------------------------------------------------------------------------ ProFund VP Rising Rates Opportunity 106,074 120,988 155,028 47,641 -- ------------------------------------------------------------------------------------------------------------ ProFund VP UltraBull 144,606 178,819 221,408 131,565 -- ------------------------------------------------------------------------------------------------------------
APPENDIX II: CONDENSED FINANCIAL INFORMATION II-9 Statement of additional information -------------------------------------------------------------------------------- TABLE OF CONTENTS MAY 1, 2011 PAGE Additional information about the Company 2 About our independent registered public accounting firm 2 Sale of the contracts 2 Federal tax status 2 Financial statements 4 If you would like to receive a copy of the MONY America Variable Account A Statement of Additional Information, please return this request to: MONY Life Insurance Company of America Policyholder Services 100 Madison Street Syracuse, New York 13202 1-800-487-6669 www.axa-equitable.com Please send me a copy of the MONY America Variable Account A Statement of Additional Information. -------------------------------------------------------------------------------- Name -------------------------------------------------------------------------------- Address -------------------------------------------------------------------------------- City State Zip X2868 MLA-VA Individual Flexible Payment Variable Annuity Contract Issued by MONY Life Insurance Company of America with variable investment options under MONY America's MONY America Variable Account A PROSPECTUS DATED MAY 1, 2011 Please read and keep this prospectus for future reference. It contains important information that you should know before purchasing, or taking any other action under your contract. Also, you should read the prospectuses for each Trust, which contain important information about their portfolios. -------------------------------------------------------------------------------- MONY Life Insurance Company of America (the "Company") issues the flexible payment variable annuity contract described in this prospectus. This prospectus is a disclosure document and describes all of the contract's material features, benefits, rights and obligations, as well as other information. The description of the contract's material provisions in this prospectus is current as of the date of this prospectus. If certain material provisions under the contract are changed after the date of this prospectus in accordance with the contract, those changes will be described in a supplement to this prospectus. You should carefully read this prospectus in conjunction with any applicable supplements. This Contract is no longer being sold. This prospectus is used with current contract owners only. We will continue to accept Purchase Payments under existing Contracts. You should note that your Contract features and charges, and your investment options, may vary depending on your state and/or the date on which you purchased your Contract. For more information about the particular features, charges and options applicable to you, please contact your financial professional and/or refer to your Contract. You can tell us what to do with your Purchase Payments. You can also tell us what to do with the fund value your Contract may create for you resulting from those Purchase Payments. You may allocate some or all of your Purchase Payments into the subaccounts. Each subaccount is a subaccount of Separate Account MONY America Variable Account A. Both the value of your Contract before annuitization and the amount of income afterward will depend on the investment performance of the portfolios you select. You bear the investment risk of investing in the portfolios. The subaccounts invest in shares of the following portfolios of AXA Premier VIP Trust, Dreyfus Stock Index Fund, Inc., EQ Advisors Trust, Fidelity Variable Insurance Products (VIP), Franklin Templeton Variable Insurance Products Trust, Janus Aspen Series, Oppenheimer Variable Account Funds, PIMCO Variable Insurance Trust and ProFunds VP (the "Funds").
~~-------------------------------------------------------------------------------- SUBACCOUNTS --------------------------------------------------------------------------------~~ o All Asset Allocation o EQ/Money Market o AXA Aggressive Allocation(1) o EQ/Montag & Caldwell Growth o AXA Conservative Allocation(1) o EQ/Morgan Stanley Mid Cap Growth o AXA Conservative-Plus Allocation(1) o EQ/PIMCO Ultra Short Bond o AXA Moderate Allocation(1) o EQ/Quality Bond PLUS o AXA Moderate-Plus Allocation(1) o EQ/T. Rowe Price Growth Stock o Dreyfus Stock Index o EQ/UBS Growth and Income o EQ/BlackRock Basic Value Equity o Fidelity VIP Contrafund(R) o EQ/Boston Advisors Equity Income o Franklin Income Securities o EQ/Calvert Socially Responsible o Franklin Rising Dividends Securities o EQ/Capital Guardian Research o Janus Aspen Balanced o EQ/Core Bond Index o Janus Aspen Enterprise o EQ/Equity Growth PLUS o Janus Aspen Forty o EQ/GAMCO Mergers and Acquisitions o Janus Aspen Worldwide o EQ/GAMCO Small Company Value o Multimanager Small Cap Growth o EQ/Intermediate Government Bond o Oppenheimer Global Securities Index Fund/VA o EQ Large Cap Value Index(2) o PIMCO VIT Global Bond (Unhedged) o EQ/Lord Abbett Growth and Income (3) o ProFund VP Bear o EQ/MFS International Growth(4) o ProFund VP Rising Rates Opportunity o EQ/Mid Cap Index o ProFund VP UltraBull o EQ/Mid Cap Value PLUS --------------------------------------------------------------------------------
NOT ALL OF THESE PORTFOLIOS MAY BE AVAILABLE IN ALL STATES OR ALL MARKETS. (1) The "AXA Allocation" portfolios. (2) This variable investment option will become available on or about May 20, 2011. Please see "The Funds" laterincorporated in this Prospectus for more information about this variable investment option. (3) Please see "The Funds" later in this Prospectus regarding the proposed merger of this variable investment option on or about May 20, 2011. (4) This is the variable investment option's new name, effective on or about May 20, 2011, subject to regulatory approval. Please see "The Funds" later in this prospectus for the variable investment option's former name. THE SEC HAS NOT APPROVED OR DISAPPROVED THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THE CONTRACTS ARE NOT INSURED BY THE FDIC OR ANY OTHER AGENCY. THEY ARE NOT DEPOSITS OR OTHER OBLIGATIONS OF ANY BANK AND ARE NOT BANK GUARANTEED. THEY ARE SUBJECT TO INVESTMENT RISKS AND POSSIBLE LOSS OF PRINCIPAL. e13455 MLA-CM You may also allocate some or all of your Purchase Payments and fund value into our Guaranteed Interest Account with Market Value Adjustment, which is discussed later in this Prospectus. Among the many terms of the Guaranteed Interest Account with Market Value Adjustment are: o Guaranteed interest to be credited for specific periods (referred to as "Accumulation Periods"). o Three (3), five (5), seven (7), and ten (10) year Accumulation Periods are available. The one (1) year Accumulation Period is limitedby reference to the following states: Maryland, the Commonwealth of Massachusetts, New Jersey, Oklahoma, Oregon, the Commonwealth of Pennsylvania, South Carolina, Texas, and Washington. o Interest will be credited for the entire Accumulation Period on a daily basis. Different rates apply to each Accumulation Period and are determined by the Company from time to time at its sole discretion. o A market value adjustment may be charged if part or all of the Guaranteed Interest Account with Market Value Adjustment is surrendered or transferred before the end of the Accumulation Period. o Contract owners should carefully consider the information contained in this prospectus before allocating Purchase Payments or Fund Values to the Guaranteed Interest Account with Market Value Adjustment offered herein. -------------------------------------------------------------------------------- These are only some of the terms of the Guaranteed Interest Account with Market Value Adjustment. Please read this prospectus carefully for more complete details of the contract. -------------------------------------------------------------------------------- A Statement of Additional Information dated May 1, 2011 containing additional information about the contract is incorporated herein by reference. It has been filed with the Securities and Exchange Commission and is available from the Company without charge upon written request. You may request one by writing to our processing office located at MONY Life Insurance Company of America, Policyholder Services,100 Madison Street, Syracuse, New York 13202, or by telephoning 1-800-487-6669 or by accessing the SEC's website at www.sec.gov. The table of contents of the Statement of Additional Information can be found in the back of this prospectus. Contents of this Prospectus -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. SUMMARY OF THE CONTRACT 4 -------------------------------------------------------------------------------- Definitions 4 Purpose of the Contract 4 Purchase Payments and fund value 4 Minimum Purchase Payments 4 MONY America Variable Account A 4 Guaranteed Interest Account with Market Value Adjustment 4 The Accumulation Periods 5 Crediting of interest 5 The Market Value Adjustment 5 Transfer of fund value 5 Contract loans 5 Surrender 6 Charges and deductions 6 Right to return contract provision 6 Death benefit 6 Fee tables 7 Example 7 Other contracts 8 Condensed financial information 8 -------------------------------------------------------------------------------- 2. WHO IS MONY LIFE INSURANCE COMPANY OF AMERICA? 9 -------------------------------------------------------------------------------- MONY Life Insurance Company of America 9 How to reach us 9 MONY America Variable Account A 10 -------------------------------------------------------------------------------- 3. THE FUNDS 11 -------------------------------------------------------------------------------- Purchase of portfolio shares by MONY America Variable Account A 14 -------------------------------------------------------------------------------- 4. DETAILED INFORMATION ABOUT THE CONTRACT 16 -------------------------------------------------------------------------------- Payment and allocation of Purchase Payments 16 Telephone/fax/web transactions 19 Disruptive transfer activity 20 Termination of the Contract 21 CONTENTS OF THIS PROSPECTUS 2 -------------------------------------------------------------------------------- 5. DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT 22 -------------------------------------------------------------------------------- General 22 Guaranteed Interest Account with Market Value Adjustment 22 Allocations to the Guaranteed Interest Account with Market Value Adjustment 22 Specified interest rates and the accumulation periods 22 Surrenders, transfers or loans 24 The Market Value Adjustment 24 Investments 25 -------------------------------------------------------------------------------- 6. SURRENDERS 26 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 7. LOANS 27 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 8. DEATH BENEFIT 28 -------------------------------------------------------------------------------- Death benefit provided by the Contract 28 Enhanced death benefit options 28 Election and effective date of election 28 Payment of death benefit 29 -------------------------------------------------------------------------------- 9. CHARGES AND DEDUCTIONS 30 -------------------------------------------------------------------------------- Deductions from Purchase Payments 30 Charges against Fund Value 30 Deductions from Fund Value 30 -------------------------------------------------------------------------------- 10. ANNUITY PROVISIONS 33 -------------------------------------------------------------------------------- Annuity payments 33 Election and change of settlement option 33 Settlement options 33 Frequency of annuity payments 34 Additional provisions 34 Guaranteed Interest Account at annuitization 34 -------------------------------------------------------------------------------- 11. OTHER PROVISIONS 35 -------------------------------------------------------------------------------- Ownership 35 Provision required by Section 72(s) of the Code 35 Provision required by Section 401(a)(9) of the Code 35 Secondary annuitant 36 Assignment 36 Change of beneficiary 36 Substitution of securities 36 Changes to Contracts 36 Change in operation of MONY America Variable Account A 36 -------------------------------------------------------------------------------- 12. VOTING RIGHTS 37 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 13. DISTRIBUTION OF THE CONTRACTS 38 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 14. FEDERAL TAX STATUS 40 -------------------------------------------------------------------------------- Introduction 40 Taxation of annuities in general 40 Retirement plans 41 Tax treatment of the Company 41 -------------------------------------------------------------------------------- 15. ADDITIONAL INFORMATION AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 42 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 16. LEGAL PROCEEDINGS 43 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 17. FINANCIAL STATEMENTS 44 -------------------------------------------------------------------------------- About the general account 44 -------------------------------------------------------------------------------- APPENDIX -------------------------------------------------------------------------------- I -- Condensed financial information I-1 -------------------------------------------------------------------------------- STATEMENT OF ADDITIONAL INFORMATION TABLE OF CONTENTS -------------------------------------------------------------------------------- 3 CONTENTS OF THIS PROSPECTUS 1. SUMMARY OF THE CONTRACT -------------------------------------------------------------------------------- This summary provides you with a brief overview of the more important aspects of your Contract, including the Guaranteed Interest Account with Market Value Adjustment. It is not intended to be complete. More detailed information is contained in this prospectus on the pages following this summary and in your Contract. This summary and the entire prospectus will describe the part of the contract involving MONY America Variable Account A. The prospectus also briefly will describe the Guaranteed Interest Account with Market Value Adjustment and the portfolios offered by AXA Premier VIP Trust, Dreyfus Stock Index Fund, Inc., EQ Advisors Trust, Fidelity Variable Insurance Products, Franklin Templeton Variable Insurance Products Trust, Janus Aspen Series, Oppenheimer Variable Account Funds, PIMCO Variable Insurance Trust and ProFunds VP. See applicable Fund prospectuses for more detailed information about the portfolios offered by the Funds. DEFINITIONS -------------------------------------------------------------------------------- Specialized terms will be defined on the page where they first appear enclosed in a box. -------------------------------------------------------------------------------- PURPOSE OF THE CONTRACT The Contract is an Individual Flexible Payment Variable Annuity Contract (the "Contract" or "Contracts"). As of January 31, 2005, we no longer offer this Contract. We will continue to accept Purchase Payments under existing Contracts. The Contract is designed to allow an owner to make Purchase Payments to the Company under the Contract. Those Purchase Payments are allocated at the owner's choice among the subaccounts of MONY America Variable Account A and the Guaranteed Interest Account with Market Value Adjustment. Those Purchase Payments can accumulate for a period of time and create fund value for the owner. The owner can choose the length of time that such Purchase Payments may accumulate. The owner may choose at some point in the future to receive annuity benefits based upon that accumulated fund value. An owner may use the Contract's design to accumulate fund value for various purposes including retirement or to supplement other retirement programs. Some of these retirement programs (the "Qualified Plans") may qualify for federal income tax advantages available under certain Sections of the Internal Revenue Code (the "Code"), Sections 401, 403 (other than Section 403(b)), 408, 408A and 457, for example. -------------------------------------------------------------------------------- QUALIFIED PLANS -- Retirement plans that may receive favorable tax treatment under certain Sections of the Internal Revenue Code. QUALIFIED CONTRACTS -- Contracts issued under Qualified Plans. NON-QUALIFIED CONTRACTS -- Contracts not issued under Qualified Plans. -------------------------------------------------------------------------------- The Contract is also designed to allow the owner to request payments of part or all of the accumulated fund value before the owner begins to receive annuity benefits. This payment may result in the imposition of a surrender charge and a market value adjustment. The market value adjustment will not apply to Contracts issued in certain states. It may also be subject to income and other taxes. PURCHASE PAYMENTS AND FUND VALUE You may allocate your Purchase Payments to one or more of the subaccounts of MONY America Variable Account A that are available under the Contract and/or to the Guaranteed Interest Account with Market Value Adjustment. The Purchase Payments you allocate among the various subaccounts of MONY America Variable Account A may increase or decrease in value on any day depending on the investment experience of the subaccounts you select. There is no guarantee that the value of the Purchase Payments you allocate to any of the subaccounts of MONY America Variable Account A will increase or that the Purchase Payments you make will not lose value. MINIMUM PURCHASE PAYMENTS The minimum Purchase Payment for individuals varies depending upon the purchaser of the Contract and the method of paying the Purchase Payments. See "Payment and allocation of Purchase Payments." Additional Purchase Payments may be made at any time. However, for certain automatic payment plans, the smallest additional payment is $50. (See "Issuance of the Contract.") The Company may change this requirement in the future. MONY AMERICA VARIABLE ACCOUNT A MONY America Variable Account A is a separate investment account of MONY Life Insurance Company of America (the "Company"). MONY America Variable Account A's assets are owned by the Company, but are not chargeable with liabilities arising from any other business the Company conducts. The subaccounts of MONY America Variable Account A invest in shares of the Funds at their net asset value. (See "The Funds.") Owners bear the entire investment risk for all amounts allocated to MONY America Variable Account A subaccounts. -------------------------------------------------------------------------------- FUND -- Any open-end management investment company or unit investment trust in which a subaccount invests. OWNER -- The person so designated in the application to whom all rights, benefits, options and privileges apply while the Annuitant is living. If a Contract has been absolutely assigned, the assignee becomes the Owner. PURCHASE PAYMENT -- An amount paid to the Company by the Owner or on the Owner's behalf as consideration for the benefits provided by the Contract. NET PURCHASE PAYMENT -- Purchase Payment less any applicable tax charges. -------------------------------------------------------------------------------- GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT The Guaranteed Interest Account with Market Value Adjustment is part of the Company's General Account. It consists of all the Company's assets other than assets allocated to segregated investment accounts of the Company. Net Purchase Payments allocated to the Guaranteed Interest Account with Market Value Adjustment will be credited with interest at rates guaranteed by the Company for specified periods. (See "Description of the Guaranteed Interest Account with Market Value Adjustment.") SUMMARY OF THE CONTRACT 4 The Guaranteed Interest Account with Market Value Adjustment is designed to provide you with an opportunity to receive a guaranteed fixed rate of interest. You can choose the period of time over which the guaranteed fixed rate of interest will be paid. That period of time is known as the Accumulation Period. The Guaranteed Interest Account with Market Value Adjustment is also designed to provide you with the opportunity to transfer part or all of the Guaranteed Interest Account with Market Value Adjustment to the Subaccounts available to you under the Contract. It is also designed to provide you with the opportunity to surrender part or all of the Guaranteed Interest Account with Market Value Adjustment before the end of the Accumulation Period. If you ask us to transfer or surrender part or all of the Guaranteed Interest Account, we may apply a market value adjustment ("MVA"). This adjustment may be positive, negative, or zero. THE ACCUMULATION PERIODS There are 4 different Accumulation Periods currently available: a 3-year Accumulation Period, a 5-year Accumulation Period, a 7-year Accumulation Period, and a 10-year Accumulation Period. Certain states limit contracts to a 1-year Accumulation Period. You may allocate initial or additional Purchase Payments made under the Contract to one or more Accumulation Periods. You may also ask us to transfer Fund Values from the Subaccounts available under the Contract to one or more of the Accumulation Periods. There is no minimum amount required for allocation or transfer to an Accumulation Period. (See "Allocations to the Guaranteed Interest Account with Market Value Adjustment.") Each Accumulation Period starts on the Business Day that falls on, or next follows, the date on which allocations are made and Purchase Payments are received or Fund Values are transferred. Each Accumulation Period ends on the Monthly Contract Anniversary immediately prior to the 3, 5, 7 or 10 year anniversary of the start of the Accumulation Period (the "Maturity Date"). This means that the Accumulation Period for a 3, 5, 7 or 10 year Accumulation Period may be up to 31 days shorter than 3, 5, 7 or 10 years, respectively. (See "Specified interest rates and the accumulation periods.") CREDITING OF INTEREST The Company will credit amounts allocated to an Accumulation Period with interest at an annual rate not less than 3.50%. This interest rate is referred to as the Specified Interest Rate. It will be credited for the duration of the Accumulation Period. Specified Interest Rates for each Accumulation Period are declared periodically at the sole discretion of the Company. (See "Specified interest rates and the accumulation periods.") At least 15 days and at most 45 days prior to the Maturity Date of an Accumulation Period, Owners having Fund Values allocated to such Accumulation Periods will be notified of the impending Maturity Date. Owners will then have the option of directing the surrender or transfer (including transfers for the purpose of obtaining a Loan) of the Fund Value within 30 days before the end of the Accumulation Period without application of any MVA. The Specified Interest Rate will be credited to amounts allocated to an Accumulation Period, so long as such allocations are neither surrendered nor transferred prior to the Maturity Date for the Allocation Period. The Specified Interest Rate is credited daily, providing an annual effective yield. (See "Specified interest rates and the accumulation periods.") THE MARKET VALUE ADJUSTMENT Amounts that are surrendered or transferred (including transfers for the purpose of obtaining a Loan) from an Accumulation Period more than 30 days before the Maturity Date will be subject to an MVA. An MVA will not apply upon payment of a death benefit upon the death of the annuitant. The MVA is determined through the use of a factor, which is known as the MVA Factor. This factor is discussed in detail in the section entitled "The Market Value Adjustment." The MVA could cause an increase or decrease or no change at all in the amount of the distribution from an Accumulation Period. A market value adjustment will be imposed on transfers or surrenders (partial or full) from the Guaranteed Interest Account with Market Value Adjustment in most states. A MARKET VALUE ADJUSTMENT WILL NOT BE IMPOSED ON CONTRACTS ISSUED IN THE STATES OF MARYLAND, THE COMMONWEALTH OF MASSACHUSETTS, NEW JERSEY, OKLAHOMA, OREGON, THE COMMONWEALTH OF PENNSYLVANIA, SOUTH CAROLINA, TEXAS AND WASHINGTON; HOWEVER, RESTRICTIONS ON TRANSFERS APPLY IN THESE STATES. The adjustment can be either a positive or negative adjustment. No adjustment is made for the amount withdrawn or transferred within 30 days before the end of the accumulation period. -------------------------------------------------------------------------------- FUND VALUE -- The aggregate dollar value as of any Business Day of all amounts accumulated under each of the subaccounts, the Guaranteed Interest Account with Market Value Adjustment, and the Loan Account of the Contract. If the term Fund Value is preceded or followed by the terms subaccount(s), the Guaranteed Interest Account with Market Value Adjustment, and the Loan Account, or any one or more of those terms, Fund Value means only the Fund Value of the subaccount, the Guaranteed Interest Account with Market Value Adjustment or the Loan Account, as the context requires. BUSINESS DAY -- Our "business day" is generally any day the New York Stock Exchange is open for regular trading and generally ends at 4:00 p.m. Eastern Time (or as of an earlier close of regular trading). A business day does not include a day on which we are not open due to emergency conditions determined by the Securities and Exchange Commission. We may also close early due to such emergency conditions. MONTHLY CONTRACT ANNIVERSARY -- The date of each month corresponding to the Effective Date of the Contract. For example, for a Contract with a June 15 Effective Date, the Monthly Contract Anniversary is the 15th of each month. If a Contract's Effective Date falls on the 29th, 30th or 31st day of a month, the Monthly Contract Anniversary will be the earlier of that day or the last day of the particular month in question. -------------------------------------------------------------------------------- TRANSFER OF FUND VALUE You may transfer Fund Value among the subaccounts and to or from the Guaranteed Interest Account with Market Value Adjustment. Transfers from the Guaranteed Interest Account with Market Value Adjustment may be subject to a Market Value Adjustment for contracts issued in certain states. Transfers may be made by telephone, facsimile or via the web if the proper form has been completed, signed, and received by the Company at its Operations Center. See the cover page for how to contact the Operations Center. (See "Transfers.") CONTRACT LOANS Under certain qualified contracts, you may borrow up to 50% of your Contract's Fund Value from the Company. Your Contract will be the only security required for the loan. Contracts issued to 401(k) plans are generally the only Contracts which permit loans. An amount equal to 5 SUMMARY OF THE CONTRACT the amount of the loan is transferred to the loan account as security for the loan. The loan account is part of the Company's General Account. We will charge you interest on the amount borrowed. If you do not pay the interest when due, the amount due will be borrowed from the Contract's Fund Value. SURRENDER You may surrender all or part of the Contract at any time and receive its cash value while the Annuitant is alive prior to the annuity starting date. We may impose a surrender charge and market value adjustment (if applicable). The amounts you receive upon surrender may be subject to income taxes and a 10% penalty tax if you are younger than 59-1/2 at the time of surrender. (See "Federal tax status.") CHARGES AND DEDUCTIONS The Contract provides for the deduction of various charges and expenses from the Fund Value of the Contract. RIGHT TO RETURN CONTRACT PROVISION This information is no longer applicable, as these contracts are no longer available to new purchasers. You have the right to examine the Contract when you receive it. You may return the Contract for any reason during the "right to return contract period" (usually within ten days from the day you receive it. You will receive a refund of the Purchase Payments received by the Company, less any partial surrender you made. During the right to return contract period, Purchase Payments will be retained in the Company's General Account and will earn interest at a rate not less than 3.50% per year. If you have not returned the Contract at the end of the right to return contract period, we transfer the Net Purchase Payments with interest to the subaccounts and/or the Guaranteed Interest Account. DEATH BENEFIT If the Annuitant (and the Secondary Annuitant, if any) dies before the annuity starting date a death benefit will be payable to the Beneficiary. Under certain circumstances, an enhanced death benefit may be payable. If the Annuitant dies after annuity payments start, no death benefit is payable except as may be payable under the settlement option selected. (See "Death benefit" and "Enhanced death benefit.") -------------------------------------------------------------------------------- ANNUITANT -- The person upon whose continuation of life any annuity payment depends. SECONDARY ANNUITANT -- The party designated by the Owner to become the Annuitant, subject to certain conditions, on the death of the Annuitant. BENEFICIARY -- The party entitled to receive benefits payable at the death of the Annuitant or (if applicable) the Secondary Annuitant. ANNUITY STARTING DATE -- Attainment of age 95, or at the discretion of the Owner of the Contract, a date that is at least ten years from the Effective Date of the Contract. -------------------------------------------------------------------------------- SUMMARY OF THE CONTRACT 6 FEE TABLES The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the Contract. The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender the Contract, transfer Fund Value between investment options, or for Contracts funding 401(k) plans only, take a loan. A charge for taxes may also be deducted. ---------------------------------------------------------------------------------------------------------- OWNER TRANSACTION EXPENSES: ---------------------------------------------------------------------------------------------------------- Maximum deferred sales load (surrender charge) (as a percentage of 7.00%(1) Purchase Payments surrendered) ---------------------------------------------------------------------------------------------------------- Loan interest spread (effective annual rate) 2.50%(2) ---------------------------------------------------------------------------------------------------------- Maximum transfer charge $ 25(3) ---------------------------------------------------------------------------------------------------------- The next table describes the fees and expense that you will pay periodically during the time that you own the Contract, not including Fund portfolio company fees and expenses. ---------------------------------------------------------------------------------------------------------- Maximum annual contract charge $ 50(4) ---------------------------------------------------------------------------------------------------------- SEPARATE ACCOUNT ANNUAL EXPENSES (AS A PERCENTAGE OF AVERAGE ANNUAL FUND VALUE IN MONY AMERICA VARIABLE ACCOUNT A): ---------------------------------------------------------------------------------------------------------- Maximum mortality and expense risk fees 1.35%(5) ---------------------------------------------------------------------------------------------------------- Total separate account annual expenses 1.35%(5) ----------------------------------------------------------------------------------------------------------
(1) The surrender charge percentage, which reduces to zero, is determined under a surrender charge schedule. (See "Deductions from fund value -- Amount of surrender charge.") The surrender charge may be reduced under certain circumstances which include reduction in order to guarantee that certain amounts may be received free of surrender charge. (See "Charges against fund value -- Free partial surrender amount.") (2) The loan interest spread is the difference between the amount of interest we charge on loans and the amount of interest we credit to amounts held in the loan account to secure loans. (3) The transfer charge currently is $0. However, the Company has reserved the right to impose a charge for each transfer, which will not exceed $25 (except for Contracts issued in the states of South Carolina and Texas where it will not exceed $10). (See "Charges against fund value -- Transfer charge.") (4) The annual contract charge is currently $0. However, the Company may in the future change the amount of the charge to an amount not exceeding $50 per contract year (except for contracts issued in the states of Maryland, Massachusetts, New Jersey, Oklahoma, Oregon, Commonwealth of Pennsylvania, South Carolina, Texas and Washington where the charge may not exceed $30). (See "Charges against fund value -- Annual contract charge.") (5) The mortality and expense risk charge is deducted daily equivalent to a current annual rate of 1.35% (and is guaranteed not to exceed a daily rate equivalent to an annual rate of 1.35%) from the value of the net assets of MONY America Variable Account A. The next item shows the minimum and maximum total operating expenses charged by the portfolio companies for the year ended December 31, 2010. You may pay portfolio company operating expenses periodically during the time that you own the Contract. Certain variable investment options invest in a corresponding portfolio of one of the Trusts or other unaffiliated investment companies. Each portfolio, in turn, invests in shares of other portfolios of the Trusts and/or shares of unaffiliated portfolios ("underlying portfolios"). More detail concerning each Fund portfolio company's fees and expenses is contained in the prospectus for each portfolio. ------------------------------------------------------------------------------------------------------------ TOTAL ANNUAL FUND PORTFOLIO OPERATING EXPENSES LOWEST HIGHEST ------------------------------------------------------------------------------------------------------------ Total Annual Portfolio Operating Expenses for 2010 (expenses that are deducted 0.27% 1.78% from portfolio assets including management fees, 12b-1 fees, service fees, and/or other expenses)(1) ------------------------------------------------------------------------------------------------------------
(1) "Total Annual Portfolio Operating Expenses" are based, in part, on estimated amounts for options added during the fiscal year 2010 and for the underlying portfolios. In addition, the "Minimum" represents the total annual operating expenses of the Dreyfus Stock Index Fund - Initial Shares. The "Maximum" represents the total annual operating expenses of the ProFund VP UltraBull Portfolio. EXAMPLE This example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include Owner transaction expenses, contract fees, separate account annual expenses, and Fund fees and expenses for the year ended December 31, 2010. The example assumes that you invest $10,000 in the Contract for the time periods indicated. The example also assumes that your investment has a 5% return each year. The example assumes the maximum contract charges and annual expenses of any of the Fund portfolios (before expense limitations) set forth in the previous charts. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: 1. a. If you surrender your Contract at the end of the applicable time period (assuming maximum fees and expenses of any of the Fund portfolios):
~~----------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -----------------------------------------------------------~~ ~~$ 1,004 $1,675 $2,361 $3,889 -----------------------------------------------------------~~
~~b. If you surrender your Contract at the end of the applicable time period (assuming minimum fees and expenses of any of the Fund portfolios):~~
~~----------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -----------------------------------------------------------~~ ~~$ 863 $1,254 $1,659 $2,452 -----------------------------------------------------------~~
~~7 SUMMARY OF THE CONTRACT 2. a. If you do not surrender your Contract (assuming maximum fees and expenses of any of the Fund portfolios):~~
~~----------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -----------------------------------------------------------~~ ~~$ 365 $1,112 $1,878 $3,889 -----------------------------------------------------------~~
~~b. If you do not surrender your Contract (assuming minimum fees and expenses of any of the Fund portfolios):~~
~~----------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -----------------------------------------------------------~~ ~~$ 215 $664 $1,139 $2,452 -----------------------------------------------------------~~
3. a. If you annuitize your Contract and the proceeds are settled under Settlement Options 3 or 3A (life income with annuity options) (assuming maximum fees and expenses of any of the Fund portfolios):
~~----------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -----------------------------------------------------------~~ ~~$ 1,004 $1,112 $1,878 $3,889 -----------------------------------------------------------~~
b. If you annuitize your Contract and the proceeds are settled under Settlement Options 3 or 3A (life income with annuity options) (assuming minimum fees and expenses of any of the Fund portfolios):
~~----------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -----------------------------------------------------------~~ ~~$ 863 $664 $1,139 $2,452 -----------------------------------------------------------~~
4. a. If you annuitize your Contract and the proceeds are settled under Settlement Options 1, 2 or 4 (annuity income without life contingencies) (assuming maximum fees and expenses of any of the Fund portfolios):
~~----------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -----------------------------------------------------------~~ ~~$ 1,004 $1,675 $2,361 $3,889 -----------------------------------------------------------~~
b. If you annuitize your Contract and the proceeds are settled under Settlement Options 1, 2 or 4 (annuity income without life contingencies) (assuming minimum fees and expenses of any of the Fund portfolios):
~~----------------------------------------------------------- 1 YEAR 3 YEARS 5 YEARS 10 YEARS -----------------------------------------------------------~~ ~~$ 863 $1,254 $1,659 $2,452 -----------------------------------------------------------~~
For the purposes of the Fee Tables and the Example, we assume that the Contract is owned during the accumulation period. (See "Charges and Deductions.") On and after the annuity starting date, different fees and charges will apply. OTHER CONTRACTS We offer a variety of fixed and variable annuity Contracts. They may offer features, including investment options, fees and/or charges that are different from those in the Contracts offered by this Prospectus. Not every Contract is offered through the same distributor. Upon request, your registered representative can show you information regarding other annuity Contracts that he or she distributes. You can also contact us to find out more about any of MONY Life Insurance Company of America annuity Contracts. CONDENSED FINANCIAL INFORMATION Please see Appendix I at the end of this prospectus for the unit values and the number of units outstanding as of the end of the period shown for each of the variable investment options available as of December 31, 2010. SUMMARY OF THE CONTRACT 8 2. WHO IS MONY LIFE INSURANCE COMPANY OF AMERICA? -------------------------------------------------------------------------------- MONY LIFE INSURANCE COMPANY OF AMERICA We are MONY Life Insurance Company of America (the "Company"), an Arizona stock life insurance corporation organized in 1969. The Company is an indirect, wholly-owned subsidiary of AXA Financial, Inc., a holding company, which is itself an indirect, wholly-owned subsidiary of AXA SA ("AXA"). AXA is a French holding company for an international group of insurance and related financial services companies. As the ultimate sole shareholder of the Company, and under its other arrangements with the Company and parent, AXA exercises significant influence over the operations and capital structure of the Company and its parent. AXA holds its interest in the Company through a number of other intermediate holding companies, including Oudinot Participations, AXA America Holdings Inc. AXA Equitable Financial Services, LLC, and MONY Life Insurance Company, a life insurance company. The Company is obligated to pay all amounts that are promised to be paid under the contracts. No company other than the Company, however, has any legal responsibility to pay amounts that the Company owes under the contracts. AXA Financial, Inc. and its consolidated subsidiaries managed approximately $575.3 billion in assets as of December 31, 2010. The Company is licensed to sell life insurance and annuities in forty-nine states (not including New York), the District of Columbia, the U.S. Virgin Islands and Puerto Rico. Our home office is located at 1290 Avenue of the Americas, New York, NY 10104. HOW TO REACH US To obtain (1) any forms you need for communicating with us, (2) unit values and other values under your policy, and (3) any other information or materials that we provide in connection with your Contract or the Portfolios, you may communicate with our processing office as listed below for the purposes described. Please refer to "Telephone/ Fax/Web Transactions" for effective dates for processing telephone, Internet, and facsimile requests, later in this prospectus. Certain methods of contacting us, such as by telephone or electronically may be unavailable or delayed (for example our fax service may not be available at all times and/or we may be unavailable due to emergency closing). In addition, the level and type of service available may be restricted based on criteria established by us. In order to avoid delays in processing, please send your correspondence and check to the appropriate location, as follows: -------------------------------------------------------------------------------- FOR CORRESPONDENCE WITH CHECKS: -------------------------------------------------------------------------------- FOR SUBSEQUENT CONTRIBUTIONS SENT BY REGULAR MAIL: MONY Life Insurance Company of America P.O. Box 5064 New York, NY 10087-5064 FOR SUBSEQUENT CONTRIBUTIONS SENT BY EXPRESS DELIVERY: JPMorgan Chase - Lockbox Processing Lockbox - MONY Life Insurance Company of America - LBX 5064 4 Chase Metrotech Center 7th Floor East Brooklyn, NY 11245 -------------------------------------------------------------------------------- FOR CORRESPONDENCE WITHOUT CHECKS: -------------------------------------------------------------------------------- FOR ALL OTHER COMMUNICATIONS (E.G., REQUESTS FOR TRANSFERS, WITHDRAWALS, OR REQUIRED NOTICES) SENT BY MAIL: MONY Life Insurance Company of America Policyholder Services 100 Madison Street Syracuse, New York 13202 Your correspondence will be picked up at the mailing address noted above and delivered to our processing office. Your correspondence, however, is not considered received by us until it is received at our processing office. Where this prospectus refers to the day when we receive a contribution, request, election, notice, transfer or any other transaction request from you, we mean the day on which that item (or the last thing necessary for us to process that item) arrives in complete and proper form at our processing office or via the appropriate telephone or fax number if the item is a type we accept by those means. There are two main exceptions: if the item arrives (1) on a day that is not a business day or (2) after the close of a business day, then, in each case, we are deemed to have received that item on the next business day. Our processing office is: 100 Madison Street, Syracuse, New York 13202. -------------------------------------------------------------------------------- BY TOLL-FREE PHONE: -------------------------------------------------------------------------------- Customer service representatives are available weekdays from 9:00 a.m. to 5:00 p.m., Eastern Time at 1-800-487-6669. -------------------------------------------------------------------------------- BY INTERNET: -------------------------------------------------------------------------------- Clients may access Online Account Access by visiting our Website at www.axa-equitable.com. Our Website provides access to account information and customer service. After enrolling and setting up a password, you can view account details, perform certain transactions, print customer service forms and find answers to Frequently Asked Questions (FAQs). You can also change your allocation percentages, transfer among investment options, make a payment, and/or change your address (1) by toll-free phone, (2) over the Internet, through Online Account Access, or (3) by writing our Operations Center. For more information about the transaction requests you can make by phone, fax or internet, see "Telephone/fax/web transactions" later in this prospectus. 9 WHO IS MONY LIFE INSURANCE COMPANY OF AMERICA? MONY AMERICA VARIABLE ACCOUNT A MONY America Variable Account A is a separate investment account of the Company. Presently, only Purchase Payments for individual flexible payment variable annuity contracts are permitted to be allocated to MONY America Variable Account A. The assets in MONY America Variable Account A are kept separate from the General Account assets and other separate accounts of the Company. The Company owns the assets in MONY America Variable Account A. The Company is required to keep assets in MONY America Variable Account A that equal the total market value of the contract liabilities funded by MONY America Variable Account A. Realized or unrealized income gains or losses of MONY America Variable Account A are credited or charged against MONY America Variable Account A assets without regard to the other income, gains or losses of the Company. Reserves and other liabilities under the contracts are assets of MONY America Variable Account A. MONY America Variable Account A assets are not chargeable with liabilities of the Company's other businesses. The assets of MONY America Variable Account A are, however, available to cover the liabilities of the Company's General Account to the extent that the assets of MONY America Variable Account A exceed the liabilities of the Contracts supported by it. The amount of some of our obligations under the Contracts is based on the assets in MONY America Variable Account A. However, the obligations themselves are obligations of the Company. MONY America Variable Account A was authorized by the Board of Directors of the Company and established under Arizona law on March 27, 1987. MONY America Variable Account A is registered under the Investment Company Act of 1940 (the "1940 Act") and is registered and classified under that act as a "unit investment trust". The SEC, however, does not manage or supervise the Company or MONY America Variable Account A. Although MONY America Variable Account A is registered, the Securities and Exchange Commission (the "SEC") does not monitor the activity of MONY America Variable Account A on a daily basis. The Company is not required to register, and is not registered, as an investment company under the "1940 Act". A unit investment trust is a type of investment company. For state law purposes, MONY America Variable Account A is treated as a part or division of the Company. MONY America Variable Account A is divided into subdivisions called subaccounts. Each subaccount invests only in shares of a designated portfolio of the Funds. For example, the EQ/Core Bond Index Subaccount invests solely in shares of the EQ/Core Bond Index Portfolio of the EQ Advisors Trust. These portfolios serve only as the underlying investment for variable annuity and variable life insurance contracts issued through separate accounts of the Company or other life insurance companies. The portfolios may also be available to certain pension accounts. The portfolios are not available directly to individual investors. In the future, we reserve the right, in compliance with the laws that apply, to establish additional subaccounts; eliminate subaccounts; combine any two or more subaccounts; transfer the assets we determine to be the shares of the class of contracts to which the contracts belong from any subaccount to another subaccount; restrict or eliminate any voting rights as to the MONY America Variable Account A; and cause one or more subaccounts to invest some or all of their assets in one or more other trusts or investment companies of MONY America Variable Account A if marketing needs, tax conditions, or investment conditions warrant. Future subaccounts may invest in other portfolios of the Funds or in other securities, as permitted by applicable law. Any new subaccounts may be made available to existing contracts on a basis to be determined by us. If any of these changes are made, we may, by appropriate endorsement, change the Contract to reflect the change. WHO IS MONY LIFE INSURANCE COMPANY OF AMERICA? 10 3. THE FUNDS -------------------------------------------------------------------------------- Each available subaccount of MONY America Variable Account A will invest only in the shares of the Funds. We offer both affiliated and unaffiliated Funds, which in turn offer one or more portfolios. There is a separate subaccount, which corresponds to each portfolio of a fund offered under the Contract. AXA Equitable Funds Management Group, LLC, a wholly owned subsidiary of AXA Equitable, serves as the investment manager of the portfolios of AXA Premier VIP Trust and EQ Advisors Trust. For some portfolios, AXA Equitable Funds Management Group, LLC has entered into sub-advisory agreements with investment advisers (the "sub-advisers") to carry out the day-to-day investment decisions for the portfolios. As such, AXA Equitable Funds Management Group, LLC oversees the activities of the sub-advisers with respect to the Trusts and is responsible for retaining or discontinuing the services of those sub-advisers. The chart below indicates the sub-adviser(s) for each portfolio, if any. The chart below also shows the currently available portfolios and their investment objectives. You should be aware that AXA Advisors, LLC and AXA Distributors, LLC (together, the "Distributors") receive 12b-1 fees from affiliated portfolios for providing certain distribution and/or shareholder support services. These fees will not exceed 0.25% of the portfolios' average daily net assets. The affiliated portfolios' sub-advisers and/or their affiliates also contribute to the cost of expenses for sales meetings or seminar sponsorships that may relate to the policies and/or the sub-advisers' respective portfolios. It may be more profitable for us to offer affiliated portfolios than to offer unaffiliated portfolios. The Funds are registered with the SEC under the 1940 Act. The Funds, or any of them, may withdraw from sale any or all the respective portfolios as allowed by applicable law. Not all Funds may be available in all states or in all markets. AXA Equitable or the Distributors may directly or indirectly receive 12b-1 fees and additional payments from certain unaffiliated portfolios, their advisers, sub-advisers, distributors or affiliates, for providing certain administrative, marketing, distribution and/or shareholder support services. These fees and payments range from 0% to 0.60% of the unaffiliated portfolios' average daily net assets. The Distributors may also receive payments from the advisers or sub-advisers of the unaffiliated portfolios or their affiliates for certain distribution services, including expenses for sales meetings or seminar sponsorships that may relate to the contracts and/or the advisers' respective portfolios. As a contract owner, you may bear the costs of some or all of these fees and payments through your indirect investment in the portfolios. (See the portfolios' prospectuses for more information.) These fees and payments will reduce the underlying portfolios' investment returns. AXA Equitable may profit from these fees and payments. AXA Equitable considers the availability of these fees and payment arrangements during the selection process for the underlying portfolios. These fees and payment arrangements may create an incentive for us to select portfolios (and classes of shares of portfolios) that pay us higher amounts. You should note that some portfolios have objectives and strategies that are substantially similar to those of certain funds that are purchased directly rather than under a variable insurance product such as the Contract. These portfolios may even have the same manager(s) and/or a similar name. However, there are numerous factors that can contribute to differences in performance between two investments, particularly over short periods of time. Such factors include fees; the timing of stock purchases and sales; differences in fund cash flows; and specific strategies employed by the portfolio manager. The AXA Allocation Portfolios offer contract owners a convenient opportunity to invest in other portfolios that are managed and have been selected for inclusion in the AXA Allocation Portfolios by AXA Equitable Life Insurance Company ("AXA Equitable"), the investment manager of the AXA Premier VIP Trust and EQ Advisors Trust. AXA Advisors, LLC, an affiliated broker-dealer of the Company, may promote the benefits of such portfolios to contract owners and/or suggest, incidental to the sale of this Contract, that contract owners consider whether allocating some or all of their account value to such portfolios is consistent with their desired investment objectives. In doing so, AXA Equitable, and/or its affiliates, may be subject to conflicts of interest insofar as AXA Equitable may derive greater revenues from the AXA Allocation Portfolios than certain other portfolios available to you under your Contract. Please see "Payment and allocation of Purchase Payments" in "Detailed information about the Contract" for more information about your role in managing your allocations.
----------------------------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME SHARE CLASS OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- AXA AGGRESSIVE ALLOCATION(1) Class B Seeks long-term capital appreciation. o AXA Equitable Funds Management Group, LLC ----------------------------------------------------------------------------------------------------------------------------------- AXA CONSERVATIVE ALLOCATION(1) Class B Seeks a high level of current income. o AXA Equitable Funds Management Group, LLC ----------------------------------------------------------------------------------------------------------------------------------- AXA CONSERVATIVE-PLUS Class B Seeks current income and growth of capital, o AXA Equitable Funds Management ALLOCATION(1) with a greater emphasis on current income. Group, LLC ----------------------------------------------------------------------------------------------------------------------------------- AXA MODERATE ALLOCATION(1) Class B Seeks long-term capital appreciation and o AXA Equitable Funds Management current income. Group, LLC ----------------------------------------------------------------------------------------------------------------------------------- AXA MODERATE-PLUS Class B Seeks long-term capital appreciation and o AXA Equitable Funds Management ALLOCATION(1) current income, with a greater emphasis on Group, LLC capital appreciation. -----------------------------------------------------------------------------------------------------------------------------------
~~11 THE FUNDS~~
----------------------------------------------------------------------------------------------------------------------------------- AXA PREMIER VIP TRUST INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME SHARE CLASS OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- MULTIMANAGER SMALL CAP Class B Seeks long-term growth of capital. o AXA Equitable Funds Management GROWTH Group, LLC o BlackRock Investment Management, LLC o Morgan Stanley Investment Management Inc. o NorthPointe Capital, LLC o Wells Capital Management Inc. -----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------- EQ ADVISORS TRUST INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME SHARE CLASS OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- ALL ASSET ALLOCATION Class IB Seeks long-term capital appreciation and o AXA Equitable Funds Management current income. Group, LLC ----------------------------------------------------------------------------------------------------------------------------------- EQ/BLACKROCK BASIC VALUE Class IB Seeks to achieve capital appreciation and o BlackRock Investment Management, LLC EQUITY secondarily, income. ----------------------------------------------------------------------------------------------------------------------------------- EQ/BOSTON ADVISORS EQUITY Class IB Seeks a combination of growth and income o Boston Advisors, LLC INCOME to achieve an above-average and consistent total return. ----------------------------------------------------------------------------------------------------------------------------------- EQ/CALVERT SOCIALLY Class IA Seeks to achieve long-term capital apprecia- o Bridgeway Capital Management, Inc. RESPONSIBLE tion. o Calvert Investment Management Company, Inc. ----------------------------------------------------------------------------------------------------------------------------------- EQ/CAPITAL GUARDIAN RESEARCH Class IA Seeks to achieve long-term growth of capital. o Capital Guardian Trust Company ----------------------------------------------------------------------------------------------------------------------------------- EQ/CORE BOND INDEX Class IA Seeks to achieve a total return before o SSgA Funds Management, Inc. expenses that approximates the total return performance of the Barclays Capital Interme- diate U.S. Government/Credit Index, including reinvestment of dividends, at a risk level consistent with that of the Barclays Capital Intermediate U.S. Government/Credit Index. ----------------------------------------------------------------------------------------------------------------------------------- EQ/EQUITY GROWTH PLUS Class IB Seeks to achieve long-term growth of capital. o AXA Equitable Funds Management Group, LLC o BlackRock Capital Management, Inc. o BlackRock Investment Management, LLC ----------------------------------------------------------------------------------------------------------------------------------- EQ/GAMCO MERGERS AND Class IB Seeks to achieve capital appreciation. o GAMCO Asset Management, Inc. ACQUISITIONS ----------------------------------------------------------------------------------------------------------------------------------- EQ/GAMCO SMALL COMPANY Class IB Seeks to maximize capital appreciation. o GAMCO Asset Management, Inc. VALUE ----------------------------------------------------------------------------------------------------------------------------------- EQ/INTERMEDIATE GOVERNMENT Class IA Seeks to achieve a total return before o SSgA Funds Management, Inc. BOND INDEX expenses that approximates the total return performance of the Barclays Capital Interme- diate U.S. Government Bond Index, including reinvestment of dividends, at a risk level consistent with that of the Barclays Capital Intermediate U.S. Government Bond Index. ----------------------------------------------------------------------------------------------------------------------------------- EQ/LARGE CAP VALUE INDEX(2) Class IA Seeks to achieve a total return before o SSgA Funds Management, Inc. expenses that approximates the total return performance of the Russell 1000 Value Index, including reinvestment of dividends, at a risk level consistent with that of the Russell 1000 Value Index. ----------------------------------------------------------------------------------------------------------------------------------- EQ/LORD ABBETT GROWTH AND Class IA Seeks to achieve capital appreciation and o Lord, Abbett & Co. LLC INCOME(3) growth of income without excessive fluctua- tion in market value. -----------------------------------------------------------------------------------------------------------------------------------
~~THE FUNDS 12~~
----------------------------------------------------------------------------------------------------------------------------------- EQ ADVISORS TRUST INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME SHARE CLASS OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- EQ/MFS INTERNATIONAL GROWTH(4) Class IB Seeks to achieve capital appreciation. o MFS Investment Management ----------------------------------------------------------------------------------------------------------------------------------- EQ/MID CAP INDEX Class IA Seeks to achieve a total return before o SSgA Funds Management, Inc. expenses that approximates the total return performance of the S&P Mid Cap 400 Index, including reinvestment of dividends, at a risk level consistent with that of the S&P Mid Cap 400 Index. ----------------------------------------------------------------------------------------------------------------------------------- EQ/MID CAP VALUE PLUS Class IA Seeks to achieve long-term capital o AXA Equitable Funds Management appreciation. Group, LLC o BlackRock Investment Management, LLC o Wellington Management Company, LLP ----------------------------------------------------------------------------------------------------------------------------------- EQ/MONEY MARKET Class IA Seeks to obtain a high level of current o The Dreyfus Corporation income, preserve its assets and maintain liquidity. ----------------------------------------------------------------------------------------------------------------------------------- EQ/MONTAG & CALDWELL Class IA Seeks to achieve capital appreciation. o Montag & Caldwell, LLC GROWTH ----------------------------------------------------------------------------------------------------------------------------------- EQ/MORGAN STANLEY MID CAP Class IA Seeks to achieve capital growth. o Morgan Stanley Investment Manage- GROWTH ment Inc. ----------------------------------------------------------------------------------------------------------------------------------- EQ/PIMCO ULTRA SHORT BOND Class IA Seeks to generate a return in excess of o Pacific Investment Management traditional money market products while Company, LLC maintaining an emphasis on preservation of capital and liquidity. ----------------------------------------------------------------------------------------------------------------------------------- EQ/QUALITY BOND PLUS Class IA Seeks to achieve high current income o AllianceBernstein L.P. consistent with moderate risk to capital. o AXA Equitable Funds Management Group, LLC ----------------------------------------------------------------------------------------------------------------------------------- EQ/T. ROWE PRICE GROWTH STOCK Class IA Seeks to achieve long-term capital o T. Rowe Price Associates, Inc. appreciation and secondarily, income. ----------------------------------------------------------------------------------------------------------------------------------- EQ/UBS GROWTH AND INCOME Class IA Seeks to achieve total return through o UBS Global Asset Management capital appreciation with income as (Americas) Inc. a secondary consideration. -----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------- DREYFUS STOCK INDEX FUND, INC. - INVESTMENT MANAGER (OR SUB-ADVISER(S), INITIAL SHARES OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- DREYFUS STOCK INDEX FUND, INC. The fund seeks to match the total return of o The Dreyfus Corporation the Standard & Poor's 500 Composite Stock Price Index. -----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VARIABLE INSURANCE INVESTMENT MANAGER (OR SUB-ADVISER(S), PRODUCTS (VIP) - SERVICE CLASS OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- FIDELITY(R) VIP CONTRAFUND(R) Seeks long-term capital appreciation. o Fidelity Management and Research PORTFOLIO Company (FMR) -----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------- FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST - INVESTMENT MANAGER (OR SUB-ADVISER(S), CLASS 2 PORTFOLIO NAME OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- FRANKLIN INCOME SECURITIES The Fund's investment goal is to maximize o Franklin Advisers, Inc. FUND income while maintaining prospects for capital appreciation. ----------------------------------------------------------------------------------------------------------------------------------- FRANKLIN RISING DIVIDENDS Seeks long-term capital appreciation, with o Franklin Advisory Services, LLC SECURITIES FUND preservation of capital as an important consideration. -----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES - INVESTMENT MANAGER (OR SUB-ADVISER(S), INSTITUTIONAL SHARES OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- BALANCED PORTFOLIO Seeks long-term capital growth, consistent o Janus Capital Management LLC with preservation of capital and balanced by current income. ----------------------------------------------------------------------------------------------------------------------------------- ENTERPRISE PORTFOLIO Seeks long-term growth of capital. o Janus Capital Management LLC -----------------------------------------------------------------------------------------------------------------------------------
~~13 THE FUNDS~~
----------------------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES - INVESTMENT MANAGER (OR SUB-ADVISER(S), INSTITUTIONAL SHARES OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- FORTY PORTFOLIO(5) Seeks long-term growth of capital. o Janus Capital Management LLC ----------------------------------------------------------------------------------------------------------------------------------- WORLDWIDE PORTFOLIO Seeks long-term growth of capital.(6) o Janus Capital Management LLC -----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER VARIABLE ACCOUNT INVESTMENT MANAGER (OR SUB-ADVISER(S), FUNDS - SERVICE CLASS OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- OPPENHEIMER GLOBAL Seeks long-term capital appreciation by o OppenheimerFunds, Inc. SECURITIES FUND/VA investing a substantial portion of its assets in securities of foreign issuers, "growth-type" companies, cyclical industries and special situations that are considered to have appreciation possibilities. -----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------- PIMCO VARIABLE INSURANCE TRUST - INVESTMENT MANAGER (OR SUB-ADVISER(S), ADMINISTRATIVE CLASS OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- GLOBAL BOND PORTFOLIO Seeks to maximize total return, consistent o Pacific Investment Management (UNHEDGED) with preservation of capital and prudent Company, LLC investment management. -----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------- PROFUNDS VP INVESTMENT MANAGER (OR SUB-ADVISER(S), PORTFOLIO NAME OBJECTIVE AS APPLICABLE) ----------------------------------------------------------------------------------------------------------------------------------- PROFUND VP BEAR Seeks daily investment results, before fees o ProFund Advisors, LLC and expenses, that correspond to the inverse (opposite) of the daily performance of the S&P 500 Index. ----------------------------------------------------------------------------------------------------------------------------------- PROFUND VP RISING RATES Seeks daily investment results, before fees o ProFund Advisors, LLC OPPORTUNITY and expenses, that correspond to the one and one-quarter times (125%) the inverse (opposite) of the daily price movement of the most recently issued 30-year U.S. Treasury Bond ("Long Bond"). ----------------------------------------------------------------------------------------------------------------------------------- PROFUND VP ULTRABULL Seeks daily investment results, before fees o ProFund Advisors, LLC and expenses that correspond to twice (200%) the daily performance of the S&P 500 Index. -----------------------------------------------------------------------------------------------------------------------------------
(1) The "AXA Allocation" portfolios. (2) This Portfolio will become available on or about May 20, 2011. (3) Effective on or about May 20, 2011, subject to regulatory and shareholder approvals, interests in the EQ/Large Cap Value Index (the "surviving option") will replace interests in the EQ/Lord Abbett Growth and Income (the "replaced" option). We will move the assets from the replaced option into the surviving option on the date of the scheduled merger. The value of your interest in the surviving option will be the same as it was in the replaced option. We will also automatically direct any contributions made to a replaced option to the surviving option. Any allocation election to a replaced option will be considered as an allocation election to the surviving option. (4) This is the Portfolio's new name, effective on or about May 20, 2011, subject to regulatory approval. The Portfolio's former name was EQ/International Growth. (5) Unlike the other Funds, the Janus Aspen Forty Portfolio is a nondiversified, open-end management investment company. A nondiversified Fund may hold a larger position in a smaller number of securities than a diversified Fund. This means that a single security's increase or decrease in value may have a greater impact on the return and net asset value of a nondiversified Fund than a diversified Fund. (6) This is the Portfolio's new investment objective effective May 16, 2011. See the Trust's Prospectus for information regarding its investment objective prior to May 16, 2011. YOU SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS AND CHARGES AND EXPENSES OF THE PORTFOLIOS CAREFULLY BEFORE INVESTING. SHARE CLASSES, WHERE APPLICABLE, ARE DEFINED IN THE CORRESPONDING FUND PROSPECTUS. THE PROSPECTUSES FOR THE FUND CONTAIN THIS AND OTHER IMPORTANT INFORMATION ABOUT THE PORTFOLIOS. THE PROSPECTUSES SHOULD BE READ CAREFULLY BEFORE INVESTING. IN ORDER TO OBTAIN COPIES OF FUND PROSPECTUSES THAT DO NOT ACCOMPANY THIS PROSPECTUS, YOU MAY CALL ONE OF OUR CUSTOMER SERVICE REPRESENTATIVES AT 1-800-487-6669. Each Owner should periodically review their allocation of Purchase Payments and Fund Value among the subaccounts and the Guaranteed Interest Account with Market Value Adjustment in light of their current objectives, the current market conditions, and the risks of investing in each of the Funds' various portfolios. A full description of the objectives, policies, restrictions, risks and expenses for each of the Funds' portfolios can be found in the prospectus for each of the Funds. PURCHASE OF PORTFOLIO SHARES BY MONY AMERICA VARIABLE ACCOUNT A MONY America Variable Account A will buy and redeem shares from the Funds at net asset value. Shares will be redeemed when needed for the Company to: o collect charges under the Contracts; o pay Cash Value on full surrenders of the Contract; o fund partial surrenders; o provide benefits under the Contracts; and THE FUNDS 14 o transfer assets from one subaccount to another or between one or more subaccounts of MONY America Variable Account A and the Guaranteed Interest Account with Market Value Adjustment as requested by Owners. Any dividend or capital gain distribution received from a portfolio of a Fund will be: o reinvested immediately at net asset value in shares of that portfolio; and o kept as assets of the corresponding subaccount. -------------------------------------------------------------------------------- CASH VALUE -- The Contract's Fund Value, less (1) any applicable surrender charge, (2) any outstanding debt, and (3) any applicable market value adjustment. -------------------------------------------------------------------------------- Shares of the Funds are not sold directly to the general public. They are sold to the Company, and may be sold to other insurance companies that issue variable annuity and variable life insurance contracts. In addition, they may be sold to retirement plans. When a Fund sells shares in any of its portfolios both to variable annuity and to variable life insurance company separate accounts, it engages in mixed funding. When a Fund sells shares in any of its portfolios to separate accounts of unaffiliated life insurance companies, it engages in shared funding. Each Fund may engage in mixed and shared funding. Therefore, due to differences in redemption rates or tax treatment, or other considerations, the interests of various shareholders participating in a Fund could conflict. The Board of Directors or Trustees of each of the Funds monitors the respective Fund for the existence of material irreconcilable conflict between the interests of variable annuity Owners and variable life insurance Owners. The Boards shall report any such conflict to the boards of the Company and its affiliates. The Boards of Directors of the Company and its affiliates have agreed to be responsible for reporting any potential or existing mixed and shared funding conflicts to the Directors and Trustees of each of the relevant Funds. The Boards of Directors of the Company and its affiliates will remedy any conflict at their own cost. The remedy may include establishing a new registered management investment company and segregating the assets underlying the variable annuity contracts and the variable life insurance contracts. The investment objectives and policies of certain portfolios are similar to the investment objectives and policies of other portfolios that may be managed by the same investment adviser or manager. The investment results of the portfolios, however, may be higher or lower than the results of such other portfolios. There can be no assurance, and no representation is made that the investment results of any of the portfolios will be comparable to the investment results of any other portfolio, even if the other portfolio has the same investment adviser or manager, or if the other portfolio has a similar name. 15 THE FUNDS 4. DETAILED INFORMATION ABOUT THE CONTRACT -------------------------------------------------------------------------------- The Fund Value in MONY America Variable Account A and in the Guaranteed Interest Account with Market Value Adjustment provide many of the benefits of your Contract. The information in this section describes the benefits, features, charges and major provisions of the Contract and the extent to which those depend upon the Fund Value, particularly the Fund Value in MONY America Variable Account A. There may be differences in your Contract, such as differences in fees, charges and benefits because of the state where we issued your Contract. We will include any such differences in your Contract. PAYMENT AND ALLOCATION OF PURCHASE PAYMENTS ISSUANCE OF THE CONTRACT Disclosure regarding contract issuance and minimum initial Purchase Payments is for informational purposes only. This Contract is no longer available to new purchasers. The Contract is between you and the Company. The Contract is not an investment advisory account, and the Company is not providing any investment advice or managing the allocations under your Contract. In the absence of a specific written arrangement to the contrary, you as the owner of the Contract, have the sole authority to make investment allocations and other decisions under the Contract. Your AXA Advisors' financial professional is acting as a broker-dealer registered representative, and is not authorized to act as an investment advisor or to manage the allocations under your Contract. If your financial professional is a registered representative with a broker-dealer other than AXA Advisors, you should speak with him/her regarding any different arrangements that may apply. Individuals who want to buy a Contract must: (1) Complete an application; (2) Personally deliver the application to; (a) a licensed agent of the Company who is also a registered representative of AXA Advisors, LLC or AXA Distributors, LLC (together, the "Distributors") who act as the principal underwriters for the Contracts, or (b) a licensed agent who is also a registered representative of a broker dealer which had been authorized by the Distributors to sell the Contract; and (3) Pay the minimum initial Purchase Payment. If we receive a completed application and all other information necessary for processing a purchase order at our Operations Center, we will apply your initial Purchase Payment no later than two Business Days after we receive the order. While attempting to finish an incomplete application, we may hold your initial Purchase Payment for no more than five Business Days. If an incomplete application cannot be completed within those five days, we will inform you of the reasons, and will return your Purchase Payment immediately (unless you specifically authorize us to keep it until the application is complete). Once you complete your application, we must apply the initial Purchase Payment within two Business Days. We will apply any additional Purchase Payments you make on the Business Day we receive them at our Operations Center. The Contract may be used with certain tax qualified plans. The Contract includes attributes such as tax deferral on accumulated earnings. Qualified retirement plans provide their own tax deferral benefit; the purchase of this Contract does not provide additional tax deferral benefits beyond those provided in the Qualified Plan. Accordingly, if you are purchasing this Contract, you should purchase it for its death benefit, annuity benefits, and other non-tax related benefits. Please consult a tax adviser for information specific to your circumstances in order to determine whether the Contract is an appropriate investment for you. The minimum initial Purchase Payment for individuals varies depending upon the use of the Contract and the method of purchase. The chart below shows the minimum initial Purchase Payment for each situation. DETAILED INFORMATION ABOUT THE CONTRACT 16
---------------------------------------------------------------------------------------------------------------------------------- USE OF CONTRACT OR METHOD OF MAKING PURCHASE PAYMENT MINIMUM INITIAL PURCHASE PAYMENT ---------------------------------------------------------------------------------------------------------------------------------- Individual retirement accounts and annuities under Section 408 of the $2,000 Code (other than Simplified Employee Pensions), including Roth IRAs under Section 408A of the Code ---------------------------------------------------------------------------------------------------------------------------------- Non-Qualified Contracts $2,000 ---------------------------------------------------------------------------------------------------------------------------------- H.R. 10 plans (self-employed individuals' retirement plans under Section $ 600 401 of the Code), certain corporate or association retirement plans, and Simplified Employee Pensions under Section 408 of the Code ---------------------------------------------------------------------------------------------------------------------------------- Annuity purchase plans sponsored by certain tax-exempt organizations, $ 600 governmental entities and deferred compensation plans under Section 457 of the Code ---------------------------------------------------------------------------------------------------------------------------------- Payroll deduction and automatic checking account withdrawal plans Annualized rate of $600 (i.e., $600 per year, $300 semiannually, $150 quarterly or $50 per month) ---------------------------------------------------------------------------------------------------------------------------------- Government Allotment Plans $50 per month ----------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------- GOVERNMENT ALLOTMENT PLANS -- Payroll deduction plans used for financial products by government employees. -------------------------------------------------------------------------------- Additional Purchase Payments may be made at any time before the Annuity starting date as long as the Annuitant is living. However, for certain automatic payment plans, the smallest additional payment is $50. The Company reserves the right to revise its rules from time to time to specify different minimum Purchase Payments for such plans. In addition, the prior approval of the Company is needed before it will accept a Purchase Payment if, with that Payment, that would cause Cumulative Purchase Payments, less any partial surrenders and their surrender charges and market value adjustment, to exceed $1,500,000. The Company reserves the right to reject an application for any reason permitted by law. Net Purchase Payments received before the Effective Date will be held in the Company's General Account and will be credited with interest at not less than 3.50% per year if: (1) the Contract is issued by the Company, and (2) the Contract is delivered to the Owner. No interest will be paid if the Contract is not issued or if it is declined by the Owner. These amounts will be held in the General Account pending end of the right to return contract period. (See below.) -------------------------------------------------------------------------------- EFFECTIVE DATE -- The date the contract begins as shown in the Contract. -------------------------------------------------------------------------------- TAX-FREE "SECTION 1035" EXCHANGES This information is no longer applicable to the purchase of these Contracts as these Contracts are no longer available to new purchasers. The Owner can generally exchange one annuity contract for another in a "tax-free exchange" under Section 1035 of the Internal Revenue Code. Similar rules may apply to changing the funding vehicle in a Qualified Plan. Before making the exchange, the Owner should compare both contracts carefully. Remember that if you exchange another contract for the one described in this prospectus, you might have to pay a surrender charge on the old contract. There will be a new surrender charge period for this Contract and other charges may be higher (or lower) and the benefits may be different. If the exchange does not qualify for Section 1035 treatment, the Owner may have to pay federal income tax, and penalty taxes on the exchange. The Owner should not exchange another contract for this one unless he or she determines, after knowing all the facts, that the exchange is in the Owner's best interest and not just better for the person trying to sell the Owner this Contract (that person will generally earn a commission if the Owner buys this Contract through an exchange or otherwise). RIGHT TO RETURN CONTRACT PROVISION This information is no longer applicable, as these contracts are no longer available to new purchasers. The Owner may return the Contract during the right to return contract period (usually within 10 days of the delivery date). The Contract must be returned to the Company or any agent of the Company. When the Company receives the Contract, it will be voided as if it were never in effect. The amount to be refunded is equal to the Purchase Payments received by the Company less any partial surrender you made. During the right to return contract period, Purchase Payments will be retained in the Company's General Account and will earn interest at a rate not less than 3.50% per year. If you have not returned the Contract at the end of the right to return contract period, we transfer the Net Purchase Payments with interest to the subaccounts and/or the Guaranteed Interest Account. For contracts issued in the State of Washington, an additional 10% penalty will be added to any Purchase Payment refund due that is not paid within 30 days of return of the Contract to the Company. For contracts issued in the State of Oklahoma, if payment is delayed more than 30 days, the Company will pay interest on the proceeds at a rate required by Oklahoma law. ALLOCATION OF PURCHASE PAYMENTS AND FUND VALUE ALLOCATION OF PAYMENTS. On the application, the Owner may allocate Net Purchase Payments to any of the available subaccounts of MONY America Variable Account A or to the Guaranteed Interest Account with Market Value Adjustment. Net Purchase Payments (and any interest thereon) are held in the General Account if they are received before the end of the right to return contract period. The Net Purchase Payments will earn interest at a rate not less than 3.50% per year beginning on the later of: (1) the Effective Date of the Contract, or (2) the date the Payment is received at the Company's Operations Center. 17 DETAILED INFORMATION ABOUT THE CONTRACT Net Purchase Payments will continue to earn 3.50% annual interest until the right to return contract period expires. (See "Right to return contract provision" above.) After the right to return contract period has expired, the Contract's Fund Value will automatically be transferred to MONY America Variable Account A subaccount(s) or to the Guaranteed Interest Account with Market Value Adjustment according to the Owner's allocation instructions. After the right to return contract period ends, under a non-automatic payment plan, if the Owner does not: (1) specify the amount to be allocated among subaccounts, or (2) specify the percentage to be allocated among subaccounts, or (3) the amount or percentage specified is incorrect or incomplete, the Net Purchase Payments will be allocated under the Owner's most recent instructions on record with the Company. The percentage specified must not be less than 10% of the Net Purchase Payment. For automatic payment plans, Net Purchase Payments will be allocated according to the Owner's most recent instructions on record. The Owner may change the specified allocation formula for future Net Purchase Payments at any time without charge by sending written notification to the Company at the Operations Center. Prior allocation instructions may also be changed by telephone, facsimile or via the Web subject to the rules of the Company and its right to terminate or modify telephone, facsimile or via the Web allocation. The Company reserves the right to deny any telephone, facsimile or via the Web allocation request. (See "Telephone/fax/web transactions.") Any such change, whether made in writing or by telephone, facsimile or via the Web, will be effective within 7 days of the date we receive notice of the change. Net Purchase Payments may be allocated in whole percentages to any of the available subaccounts and to the Guaranteed Interest Account. Allocations must be in whole percentages, and no allocation may be for less than 10% of a Net Purchase Payment. Allocation percentages must total 100%. Contracts issued in the states of Maryland, New Jersey, Oklahoma, Oregon, South Carolina, Texas and Washington and the Commonwealths of Massachusetts and Pennsylvania must maintain a minimum fund value balance of $2,500 in the Guaranteed Interest Account when an allocation to said account is chosen. CALCULATING UNIT VALUES FOR EACH SUBACCOUNT When allocated Purchase Payments are received they are credited to subaccounts of MONY America Variable Account A in the form of units. The number of units is determined by dividing the dollar amount allocated to a particular subaccount by the unit value for that subaccount for the Business Day on which the Purchase Payment is received. To determine the unit value of a subaccount on each Business Day, the Company takes the prior Business Day's unit value and multiplies it by the Net Investment Factor for the current Business Day. The Net Investment Factor is used to measure the investment performance of a subaccount from one Business Day to the next. The Net Investment Factor for each subaccount equals: (1) the net asset value per share of each Fund held in the subaccount at the end of the current Business Day divided by (2) the net asset value per share of each Fund held in the subaccount at the end of the prior Business day, minus (3) the daily mortality and expense risk charge and any other applicable charges adjusted for the number of calendar days in the period. The unit value of these subaccounts may increase, decrease or remain the same from Business Day to Business Day. The unit value depends on the investment performance of the portfolio of the Fund in which the subaccount invests and any expenses and charges deducted from MONY America Variable Account A. The Owner bears the entire investment risk. Owners should periodically review their allocations of payments and values in light of market conditions and overall financial planning requirements. CALCULATION OF GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT FUND VALUE Net Purchase Payments to be allocated to the Guaranteed Interest Account with Market Value Adjustment will be credited to the Accumulation Period chosen by the Owner on: (1) the date received at the Operations Center, or (2) if the day Net Purchase Payments are received is not a Business Day, then on the next Business Day. Interest will be credited daily. CALCULATION OF FUND VALUE The Contract's Fund Value will reflect: o The investment performance of the selected subaccount(s) of MONY America Variable Account A; o Amounts credited (including interest) to the Guaranteed Interest Account with Market Value Adjustment; o Any amount in the loan account; o Any Net Purchase Payments; o Any transfer charges; o Any partial surrenders; and o All contract charges (including surrender charges and market value adjustments) imposed. There is no guaranteed minimum Fund Value, except to the extent Net Purchase Payments have been allocated to the Guaranteed Interest Account with Market Value Adjustment. Because a Contract's Fund Value at any future date will be dependent on a number of variables, it cannot be predetermined. The Fund Value will be computed first on the Effective Date and thereafter on each Business Day. On the Effective Date, the Contract's Fund Value will be the Net Purchase Payments received plus any interest credited on those Payments during the period when Net Purchase Payments are held in the General Account. (See "Issuance of the Contract.") After amounts allocated to the subaccounts are transferred from the General Account to MONY America Variable Account A, on each Business Day, the Contract's Fund Value will be computed as follows: (1) Determine the aggregate of the Fund Values attributable to the Contract in each of the subaccounts on that Business Day. This is done by multiplying the subaccount's unit value on that date by the number of subaccount units allocated to the Contract. The computation of the Contract's Fund Value in the subaccount is done before any other Contract transactions on that Business Day. DETAILED INFORMATION ABOUT THE CONTRACT 18 (2) Add any amount credited to the Guaranteed Interest Account with Market Value Adjustment before that Business Day. This amount is the aggregate of all Net Purchase Payments allocated to the Guaranteed Interest Account with Market Value Adjustment and: o The addition of any interest credited. o Addition or subtraction of any amounts transferred. o Subtraction of any partial surrenders. o Subtraction of any contract charges, surrender charges, transfer charges, and any Market Value Adjustments (3) Add the value held in the loan account to secure contract loans and interest credited on that day on that amount; (4) Add any Net Purchase Payment received on that Business Day; (5) Subtract any partial surrender amount (reflecting any surrender charge and Market Value Adjustment) made on that Business Day; (6) Subtract any annual contract charge and/or transfer charge deductible on that Business Day. Regarding (1) above, for each subaccount we multiply the number of units credited to that subaccount by its unit value on that Business Day. The multiplication is done BEFORE the purchase or redemption of any units on that Business Day. If a transaction would ordinarily require that the Contract's Fund Value be computed for a day that is not a Business Day, the next following Business Day will be used. TRANSFERS. You may transfer the value of the Contract among the subaccounts after the right to return contract period has expired by sending a proper written request to the Company's Operations Center. Transfers may be made by telephone, facsimile or via the web if you have proper authorization. (See "Telephone/fax/web transactions.") Transfers from a subaccount will be executed at the net asset value next calculated by the Company if the transfer instruction is received and acknowledged by 4:00 p.m., Eastern Time on a day on which the New York Stock Exchange is open for business. If the New York Stock Exchange is not open for business on the day of receipt, the transfer instruction will be executed at the net asset value calculated at the close of business on the first day thereafter on which the New York Stock Exchange is open for business. Such transfers are subject to the Company's rules and conditions for such privilege. Currently, there are no limitations on the number of transfers between subaccounts. Our current transfer restrictions are set forth in the "Disruptive transfer activity" section below. Transfers among, to and from subaccounts may be postponed for any period during which: (1) the New York Stock Exchange is closed other than customary weekend and holiday closings, or (2) trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission, or (3) an emergency exists as a result of which disposal of securities held by the Fund is not reasonably practicable or it is not reasonably practicable to determine the value of the net assets of the Fund. A transfer charge is not currently imposed on transfers. (See "Charges against fund value -- Transfer charge.") However, the Company reserves the right to impose a charge which will not exceed $25 per transfer (except for contracts issued in the states of South Carolina and Texas where it will not exceed $10). If imposed the charge will be deducted from the first subaccount(s) or the Guaranteed Interest Account with Market Value Adjustment Accumulation Period you designate funds to be transferred from. This charge is in addition to the amount transferred. All transfers in a single request are treated as one transfer transaction. A transfer resulting from the first reallocation of Fund Value at the end of the right to return contract period and transfers made at the end of an Accumulation Period of amounts allocated to the Guaranteed Interest Account with Market Value Adjustment (see below) will not be subject to a transfer charge. Under present law, transfers are not taxable transactions. -------------------------------------------------------------------------------- EFFECTIVE DATE -- The date shown as the Effective Date of the Contract. -------------------------------------------------------------------------------- TRANSFERS INVOLVING THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT. Transfers may be made from the Guaranteed Interest Account with Market Value Adjustment at any time, but, if they are made before the end of the 3, 5, 7, or 10 year accumulation period there will be a market value adjustment for contracts issued in most states. If the transfer request is received within 30 days before the end of the Accumulation Period, no market value adjustment will apply. Contracts issued in Maryland, New Jersey, Oklahoma, South Carolina, Texas and Washington and the Commonwealths of Massachusetts and Pennsylvania, to the extent the Owner allocates investments to the Guaranteed Interest Account, must maintain a minimum Fund Value in the Guaranteed Interest Account of $2,500. Please see "Payment and allocation of Purchase Payments" earlier in this section for more information about your role in managing your allocations. PORTFOLIO REBALANCING Our portfolio rebalancing program can help prevent a well-conceived investment strategy from becoming diluted over time. Investment performance will likely cause the allocation percentages you originally selected to shift. With this program, you may instruct us to periodically reallocate values in your Contract. The program does not guarantee an investment gain or protect against an investment loss. You may elect or terminate the rebalancing program at any time. You may also change your allocations under the program at any time. Requesting a transfer while enrolled in our rebalancing program will automatically terminate your participation in the program. This means that your account will no longer be rebalanced on a periodic basis. You must provide us with written instructions if you wish your account to be rebalanced in the future. TELEPHONE/FAX/WEB TRANSACTIONS Prior allocation instructions may be changed or transfers requested by telephone, fax or via the web subject to the Company's guidelines (which we believe to be reasonable) and the Company's right to modify or terminate the telephone/fax/web privilege. The Company reserves the right to deny any telephone, fax or web request. If all telephone lines are busy or the internet is not available (for example, during periods of substantial market fluctuations), Owners may be unable to request telephone, fax or web allocation changes or transfers by telephone, fax or web. In such cases, an Owner would submit a written request. 19 DETAILED INFORMATION ABOUT THE CONTRACT We have adopted guidelines relating to changes of allocations and transfers by telephone, fax or the web which, among other things, outlines procedures designed to prevent unauthorized instructions. If the Owner does not follow these procedures: (1) the Company shall not be liable for any loss as a result of following fraudulent telephone, fax or web instructions; and (2) the Owner will, therefore, bear the entire risk of loss due to fraudulent telephone, fax or web instructions. A copy of the guidelines and our form for electing telephone/facsimile transfer privileges is available from your financial professional or by calling us at 1-800-487-6669, Monday through Friday, 9 a.m. to 5 p.m., Eastern Time. Web transfer privileges and a copy of the guidelines and forms are available online at www.axaonline.com. The telephone or fax allocation and transfer privileges may also be elected by completing the telephone or fax authorization. The Company's form or a Contract application with a completed telephone or fax authorization must be signed and received at the Company's Operations Center before telephone or fax allocation instructions will be accepted. To elect web allocation and transfer privileges, you must log on to www.axaonline.com, and register for online account access. This online application must be electronically signed and received by the Company via the internet before web transaction instructions will be accepted. SPECIAL NOTE ON RELIABILITY. Please note that the internet and our telephone system may not always be available. Any system, whether it is yours, your service provider's, or your registered representative's, can experience unscheduled outages or slowdowns for a variety of reasons. These outages or slowdowns may delay or prevent our processing of your request. Although we have taken precautions to help our systems handle heavy use, we cannot promise complete reliability under all circumstances. If you are experiencing problems, you can make your transactions by writing our Operations Center. DISRUPTIVE TRANSFER ACTIVITY You should note that the Contract is not designed for professional "market timing" organizations, or other organizations or individuals engaging in a market timing strategy. The Contract is not designed to accommodate programmed transfers, frequent transfers or transfers that are large in relation to the total assets of the underlying portfolio. Frequent transfers, including market timing and other program trading or short-term trading strategies, may be disruptive to the underlying portfolios in which the subaccounts invest. Disruptive transfer activity may adversely affect performance and the interests of long-term investors by requiring a portfolio to maintain larger amounts of cash or to liquidate portfolio holdings at a disadvantageous time or price. For example, when market timing occurs, a portfolio may have to sell its holdings to have the cash necessary to redeem the market timer's investment. This can happen when it is not advantageous to sell any securities, so the portfolio's performance may be hurt. When large dollar amounts are involved, market timing can also make it difficult to use long-term investment strategies because a portfolio cannot predict how much cash it will have to invest. In addition, disruptive transfers or purchases and redemptions of portfolio investments may impede efficient portfolio management and impose increased transaction costs, such as brokerage costs, by requiring the portfolio manager to effect more frequent purchases and sales of portfolio securities. Similarly, a portfolio may bear increased administrative costs as a result of the asset level and investment volatility that accompanies patterns of excessive or short-term trading. Portfolios that invest a significant portion of their assets in foreign securities or the securities of small- and mid-capitalization companies tend to be subject to the risks associated with market timing and short-term trading strategies to a greater extent than portfolios that do not. Securities trading in overseas markets present time zone arbitrage opportunities when events affecting portfolio securities values occur after the close of the overseas market but prior to the close of the U.S. markets. Securities of small- and mid-capitalization companies present arbitrage opportunities because the market for such securities may be less liquid than the market for securities of larger companies, which could result in pricing inefficiencies. Please see the prospectuses for the underlying portfolios for more information on how portfolio shares are priced. We currently use the procedures described below to discourage disruptive transfer activity. You should understand, however, that these procedures are subject to the following limitations: (1) they primarily rely on the policies and procedures implemented by the underlying portfolios; (2) they do not eliminate the possibility that disruptive transfer activity, including market timing, will occur or that portfolio performance will be affected by such activity; and (3) the design of market timing procedures involves inherently subjective judgments, which we seek to make in a fair and reasonable manner consistent with the interests of all policy and contract owners. We currently require that any transfer request that would result in an aggregated transfer amount of $250,000 or more in a single day must be submitted in writing to our customer service office by U.S. mail (first class). Overnight mail is not permitted for those transfer requests. We monitor the $250,000 daily threshold on a monthly basis and combine transfer activities for all Contracts with the same or related owner. We do not permit exceptions to this policy. We may change this policy, and any new or revised policy will apply to all Contractholders uniformly. We offer subaccounts with underlying portfolios that are part of the AXA Premier VIP Trust and EQ Advisors Trust, as well as subaccounts with underlying portfolios of outside trusts with which AXA Equitable has entered participation agreements (the "unaffiliated trusts" and, collectively with AXA Premier VIP Trust and EQ Advisors Trust, the "trusts"). The trusts have adopted policies and procedures regarding disruptive transfer activity. They discourage frequent purchases and redemptions of portfolio shares and will not make special arrangements to accommodate such transactions. They aggregate inflows and outflows for each portfolio on a daily basis. On any day when a portfolio's net inflows or outflows exceed an established monitoring threshold, the trust obtains from us contract owner trading activity. The affiliated trusts currently consider transfers into and out of (or vice versa) the same subaccount within a five business day period as potentially disruptive transfer activity. When a Contract is identified in connection with potentially disruptive transfer activity for the first time, a letter is sent to the Contract owner explaining that there is a policy against disruptive transfer activity and that if such activity continues certain transfer privileges may be eliminated. If and when the contract owner is identified a second time as engaged in potentially disruptive transfer activity under the Contract, we currently prohibit the use of voice, fax and automated transaction services. We currently apply such action for the remaining life of each affected contract. We or a trust may change the definition of potentially disruptive transfer activity, the monitoring procedures and thresholds, any notification procedures, and the procedures to restrict DETAILED INFORMATION ABOUT THE CONTRACT 20 this activity. Any new or revised policies and procedures will apply to all contract owners uniformly. We do not permit exceptions to our policies restricting disruptive transfer activity. Each unaffiliated trust may have its own policies and procedures regarding disruptive transfer activity. If an unaffiliated trust advises us that there may be disruptive activity from one of our contract owners, we will work with the unaffiliated trust to review contract owner trading activity. Each trust reserves the right to reject a transfer that it believes, in its sole discretion, is disruptive (or potentially disruptive) to the management of one of its portfolios. Please see the prospectuses for the trusts for more information. It is possible that a trust may impose a redemption fee designed to discourage frequent or disruptive trading by contract owners. As of the date of this prospectus, the trusts had not implemented such a fee. If a redemption fee is implemented by a trust, that fee, like any other trust fee, will be borne by the contract owner. Contract owners should note that it is not always possible for us and the underlying trusts to identify and prevent disruptive transfer activity. In addition, because we do not monitor for all frequent trading at the separate account level, contract owners may engage in frequent trading which may not be detected, for example, due to low net inflows or outflows on the particular day(s). Therefore, no assurance can be given that we or the trusts will successfully impose restrictions on all potentially disruptive transfers. Because there is no guarantee that disruptive trading will be stopped, some contract owners may be treated differently than others, resulting in the risk that some contract owners may be able to engage in frequent transfer activity while others will bear the effect of that frequent transfer activity. The potential effects of frequent transfer activity are discussed above. TERMINATION OF THE CONTRACT The Contract will remain in effect until the earlier of: (1) the date the Contract is surrendered in full, (2) the date annuity payments start, (3) the Contract Anniversary on which, after deduction for any annual contract charge then due, no Fund Value in the subaccounts and the Guaranteed Interest Account with Market Value Adjustment remains in the Contract, or (4) the date the death benefit is payable under the Contract. 21 DETAILED INFORMATION ABOUT THE CONTRACT 5. DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT -------------------------------------------------------------------------------- GENERAL The Guaranteed Interest Account with Market Value Adjustment is an allocation option available under the Contract. The Guaranteed Interest Account with Market Value Adjustment may not be available in every state jurisdiction. The guarantees associated with the Guaranteed Interest Account with Market Value Adjustment are borne exclusively by the Company. The guarantees associated with the Guaranteed Interest Account with Market Value Adjustment are legal obligations of the Company. Fund Values allocated to the Guaranteed Interest Account with Market Value Adjustment are held in the General Account of the Company. Amounts allocated to the General Account of the Company are subject to the liabilities arising from the business the Company conducts. The Company has sole investment discretion over the investment of the assets of its General Account. Owners having allocated amounts to a particular Accumulation Period of the Guaranteed Interest Account with Market Value Adjustment, however, will have no claim against any particular assets of the Company. The Guaranteed Interest Account with Market Value Adjustment provides for a Specified Interest Rate, which is a guaranteed interest rate that will be credited as long as any amount allocated to the Guaranteed Interest Account with Market Value Adjustment is not distributed for any reason prior to the Maturity Date of the particular Accumulation Period chosen by the Owner. Generally, a 3-year Accumulation Period offers guaranteed interest at a Specified Interest Rate over three years, a 5-year Accumulation Period offers guaranteed interest at a Specified Interest Rate over five years, and so on. Because the Maturity Date is the Monthly Contract Anniversary immediately prior to the 3, 5, 7 or 10 year anniversary of the start of the Accumulation Period, the Accumulation Period may be up to 31 days shorter than the 3, 5, 7 or 10 years, respectively. Although the Specified Interest Rate will continue to be credited as long as Fund Value remains in an Accumulation Period of the Guaranteed Interest Account with Market Value Adjustment prior to the Maturity Date of that Accumulation Period, surrenders or transfers (including transfers to the Loan Account as a result of a request by the Owner for a Loan) will be subject to a Market Value Adjustment, as described below. Market Value Adjustments do not apply upon annuitization under Settlement Option 3 or 3A. Market Value Adjustments do not apply for partial or full surrenders or transfers requested within 30 days before the end of the Accumulation Period, nor to any benefits paid upon the death of the Annuitant. The Market Value Adjustment does apply to benefits paid upon death of the Owner. Market Value Adjustments also do not apply to contracts issued in certain states. GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT The Guaranteed Interest Account with Market Value Adjustment is a part of the Company's General Account and consists of all the Company's assets other than assets allocated to segregated investment accounts of the Company, including MONY America Variable Account A. -------------------------------------------------------------------------------- MARKET VALUE ADJUSTMENT -- An amount added to or deducted from the amount surrendered or transferred from the Guaranteed Interest Account with Market Value Adjustment for contracts issued in certain states. ACCUMULATION PERIOD -- Currently 3, 5, 7 and 10 years. The Period starts on the Business Day that falls on, or next follows the date the Purchase Payment is transferred into the Guaranteed Interest Account with Market Value Adjustment and ends on the monthly contract anniversary immediately prior to the last day of that Period. (THE ACCUMULATION PERIOD IS LIMITED TO ONE YEAR FOR CONTRACTS ISSUED IN THE STATES OF MARYLAND, NEW JERSEY, OKLAHOMA, OREGON, SOUTH CAROLINA, TEXAS, WASHINGTON AND THE COMMONWEALTHS OF MASSACHUSETTS AND PENNSYLVANIA.) CONTRACT YEAR -- Any period of twelve (12) months commencing with the Effective Date and each Contract Anniversary thereafter. CONTRACT ANNIVERSARY -- An anniversary of the Effective Date of the Contract. GENERAL ACCOUNT -- The General Account of the Company which consists of all of the Company's assets other than those assets allocated to the Company's separate accounts. -------------------------------------------------------------------------------- ALLOCATIONS TO THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT There are three sources from which allocations to the Guaranteed Interest Account with Market Value Adjustment may be made: (1) an initial Purchase Payment made under a Contract may be wholly or partially allocated to the Guaranteed Interest Account with Market Value Adjustment; (2) a subsequent or additional Purchase Payment made under a Contract may be partially or wholly allocated to the Guaranteed Interest Account with Market Value Adjustment; and (3) amounts transferred from Subaccounts available under the Contract may be wholly or partially allocated to the Guaranteed Interest Account with Market Value Adjustment. There is no minimum amount of any allocation of either Purchase Payments or transfers of Fund Value to the Guaranteed Interest Account with Market Value Adjustment. The 1-year Accumulation Period (which is limited to certain states in which there is no Market Value Adjustment), requires the Guaranteed Interest Account to have a minimum Fund Value of $2,500 when an allocation to said account is chosen. SPECIFIED INTEREST RATES AND THE ACCUMULATION PERIODS SPECIFIED INTEREST RATES The Specified Interest Rate, at any given time, is the rate of interest guaranteed by the Company to be credited to allocations made to the Accumulation Period for the Guaranteed Interest Account with Market Value Adjustment chosen by the Owner, so long as no portion of the DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT 22 allocation is distributed for any reason prior to the Maturity Date of the Accumulation Period. Different Specified Interest Rates may be established for the four different Accumulation Periods which are currently available (3, 5, 7 and 10 years). (The Accumulation Period is limited to one year for contracts issued in the states of Maryland, New Jersey, Oklahoma, Oregon, South Carolina, Texas and Washington and the Commonwealths of Massachusetts and Pennsylvania.) The Company declares Specified Interest Rates for each of the available Accumulation Periods from time to time. Normally, new Specified Interest Rates will be declared monthly; however, depending on interest rate fluctuations, declarations of new Specified Interest Rates may occur more or less frequently. The Company observes no specific method in the establishment of the Specified Interest Rates, but generally will attempt to declare Specified Interest Rates which are related to interest rates associated with fixed-income investments available at the time and having durations and cash flow attributes compatible with the Accumulation Periods then available for the Guaranteed Interest Account with Market Value Adjustment. In addition, the establishment of Specified Interest Rates may be influenced by other factors, including competitive considerations, administrative costs and general economic trends. The Company has no way of predicting what Specified Interest Rates may be declared in the future and there is no guarantee that the Specified Interest Rate for any of the Accumulation Periods will exceed the guaranteed minimum effective annual interest rate of 3.50%. OWNERS BEAR THE RISK THAT THE SPECIFIED INTEREST RATE WILL NOT EXCEED THE GUARANTEED MINIMUM RATE. The period of time during which a particular Specified Interest Rate is in effect for new allocations to the then available Accumulation Periods is referred to as the Investment Period. All allocations made to an Accumulation Period during an Investment Period are credited with the Specified Interest Rate in effect. An Investment Period ends only when a new Specified Interest Rate relative to the Accumulation Period in question is declared. Subsequent declarations of new Specified Interest Rates have no effect on allocations made to Accumulation Periods during prior Investment Periods. All such prior allocations will be credited with the Specified Interest Rate in effect when the allocation was made for the duration of the Accumulation Period selected. Information concerning the Specified Interest Rates in effect for the various Accumulation Periods can be obtained by contacting an agent of the Company who is also a registered representative of AXA Advisors, LLC or by calling the following toll free telephone number: (800) 487-6669. The Specified Interest Rate is credited on a daily basis to allocations made to an Accumulation Period elected by the Owner, resulting in an annual effective yield which is guaranteed by the Company, unless amounts are surrendered, transferred or paid out on death of Annuitant from that Accumulation Period for any reason prior to the Maturity Date for that Accumulation Period. The Specified Interest Rate will be credited for the entire Accumulation Period. If amounts are surrendered or transferred from the Accumulation Period for any reason prior to the Maturity Date, a Market Value Adjustment will be applied to the amount surrendered or transferred. CREDITING OF INTEREST The entire initial Purchase Payment always earns interest at a rate not less than 3.50% per year until the end of the right to return contract period. When the right to return contract period ends, the entire initial Purchase Payment plus interest earned is transferred to the selected subaccounts and/or Guaranteed Interest Account with Market Value Adjustment accumulation periods. Any Net Purchase Payments you as Owner of the Contract allocate to the Guaranteed Interest Account with Market Value Adjustment will be credited with interest at the rate declared by the Company for the specified period selected. The Company guarantees that the rate credited will not be less than 3.50% annually (0.0094%, compounded daily). You bear the risk that we will not declare an annual interest rate in excess of 3.50% per year. If you allocate Purchase Payments (or transfer fund value) to the Guaranteed Interest Account with Market Value Adjustment, you will choose between Accumulation Periods of 3, 5, 7, or 10 years for Contracts issued in most states. The Accumulation Period is limited to one year for contracts issued in the states of Maryland, New Jersey, Oklahoma, Oregon, South Carolina, Texas and Washington and the Commonwealths of Massachusetts and Pennsylvania. Before the beginning of each calendar month, the Company will declare interest rates for each period, if those rates will be higher than the guaranteed rate. Each interest rate declared by the Company will be applicable for all Net Purchase Payments received or transfers from MONY America Variable Account A completed within the period during which it is effective. Amounts you allocate to the Accumulation Period you select will receive this interest rate for the entire Accumulation Period. Within 45 days, but not less than 15 days before the Accumulation Period expires, we will notify you of the new rates we are then declaring. When the period expires you can (1) elect a new Accumulation Period of 3, 5, 7, or 10 years (except in certain states where the Accumulation Period is limited to a one year period) or (2) you may elect to transfer the amounts allocated to the expiring Accumulation Period to MONY America Variable Account A. If you make no election within 30 days of the end of an Accumulation Period, the entire amount allocated to the expiring Accumulation Period will automatically be held for an Accumulation Period of the same length. If that period will extend beyond the annuity starting date or if that period is no longer offered, the money will be transferred into the Money Market subaccount. ACCUMULATION PERIODS For each Accumulation Period, the Specified Interest Rate in effect at the time of the allocation to that Accumulation Period is guaranteed. An Accumulation Period always ends on a Maturity Date, which is the Monthly Contract Anniversary immediately prior to the 3, 5, 7 or 10 year anniversary of the start of the Accumulation Period. Therefore, the Specified Interest Rate may be credited for up to 31 days less than the full 3, 5, 7 or 10 years. (The Accumulation Period is limited to one year for contracts issued in the states of Maryland, New Jersey, Oklahoma, Oregon, South Carolina, Texas and Washington and the Commonwealths of Massachusetts and Pennsylvania.) For example, if the Effective Date of a Contract is August 10, 2000 and an allocation is made to a 10 year Accumulation Period on August 15, 2000 and the funds for a new Purchase Payment are received on that day, the Accumulation Period will begin on August 15, 2000 and end on August 10, 2010, during which period the Specified Interest Rate will be credited. All Accumulation Periods for the 3, 5, 7, and 10 year Accumulation Periods, respectively, will be determined in a manner consistent with the foregoing example. END OF ACCUMULATION PERIODS At least fifteen days and at most forty-five days prior to the end of an Accumulation Period, the Company will send notice to the Owner of the impending Maturity Date. The notice will include the projected 23 DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT Fund Value held in the Accumulation Period on the Maturity Date and will specify the various options Owners may exercise with respect to the Accumulation Period: (1) During the thirty-day period before the Maturity Date, the Owner may wholly or partially surrender the Fund Value held in that Accumulation Period without a Market Value Adjustment; however, Surrender Charges under the Contract, if applicable, will be assessed. (2) During the thirty-day period before the Maturity Date, the Owner may wholly or partially transfer the Fund Value held in that Accumulation Period, without a Market Value Adjustment, to any Subaccount then available under the Contract or may elect that the Fund Value held in that Accumulation Period be held for an additional Accumulation Period of the same number of years or for another Accumulation Period of a different number of years which may at the time be available. A confirmation of any such transfer or election will be sent immediately after the transfer or election is processed. (3) If the Owner does not make an election within thirty days following the Maturity Date, the entire Fund Value held in the maturing Accumulation Period will be transferred to an Accumulation Period of the same number of years as the Accumulation Period which matured. The start of the new Accumulation Period is the ending date of the previous Accumulation Period. However, if that period would extend beyond the Annuity Starting Date of the Contract or if that period is not then made available by the Company, the Fund Value held in the maturing Accumulation Period will be automatically transferred to the Money Market Subaccount at the end of the Maturity Period. A confirmation will be sent immediately after the automatic transfer is executed. During the thirty day period following the Maturity Date, and prior to any of the transactions set forth in (1), (2), or (3) above, the Specified Value held in the maturing Accumulation Period will continue to be credited with the Specified Interest Rate in effect before the Maturity Date. SURRENDERS, TRANSFERS OR LOANS When you as Owner request that Contract Fund Value from the Guaranteed Interest Account with Market Value Adjustment be transferred to MONY America Variable Account A, surrendered, loaned to you, or used to pay any charge imposed in accordance with the Contract, you should tell the Company the source by interest rate Accumulation Period of amounts you request be transferred, surrendered, loaned, or used to pay charges. If you do not specify an Accumulation Period, your transaction will be processed using the Accumulation Periods in which money was most recently allocated. THE MARKET VALUE ADJUSTMENT GENERAL INFORMATION REGARDING THE MVA A surrender or transfer (including a transfer to the Loan Account as a result of a request by the Owner for a Loan) from the Guaranteed Interest Account with Market Value Adjustment prior to the Maturity Date of that particular Accumulation Period, will be subject to a Market Value Adjustment. A Market Value Adjustment will not apply upon annuitization under Settlement Option 3 or 3A, or upon payment of a death benefit. The Market Value Adjustment is determined by the multiplication of an MVA Factor by the Specified Value, or the portion of the Specified Value being surrendered or transferred (including transfers for the purpose of obtaining a Loan). The Specified Value is the amount of the allocation of Purchase Payments and transfers of Fund Value to an Accumulation Period of the Guaranteed Interest Account with Market Value Adjustment, plus interest accrued at the Specified Interest Rate minus prior distributions. The Market Value Adjustment may either increase or decrease the amount of the distribution. It will not apply to requests for transfer or full or partial surrenders received at our administrative office within 30 days before the end of the applicable Accumulation Period. The Market Value Adjustment is intended to approximate, without duplicating, the experience of the Company when it liquidates assets in order to satisfy contractual obligations. Such obligations arise when Owners request surrenders or transfers (including transfers for the purpose of obtaining a Loan). When liquidating assets, the Company may realize either a gain or a loss. A market value adjustment can increase or decrease the amounts surrendered or transferred from the Guaranteed Interest Account with Market Value Adjustment depending on current interest rate fluctuations. If prevailing interest rates are higher at the time of a surrender or transfer (including transfers for the purpose of obtaining a Loan) than the Specified Interest Rate in effect at the time the Accumulation Period commences, the Company will realize a loss when it liquidates assets in order to process a surrender or transfer (including transfers for the purpose of obtaining a Loan); therefore, application of the Market Value Adjustment under such circumstances will decrease the amount of the surrender or transfer (including transfers for the purpose of obtaining a Loan). Generally, if prevailing interest rates are lower than the Specified Interest Rate in effect at the time the Accumulation Period commences, the Company will realize a gain when it liquidates assets in order to process a surrender or transfer (including transfers for the purpose of obtaining a Loan); therefore, application of the MVA under such circumstances will generally increase the amount of the surrender or transfer (including transfers for the purpose of obtaining a Loan). The Company measures the relationship between prevailing interest rates and the Specified Interest Rates it declares through the MVA Factor. The MVA Factor is described more fully below. THE MVA FACTOR The formula for determining the MVA Factor is: [(1+a)/(1+b)]((n-t)/12) - 1 Where: a = the Specified Interest Rate for the Accumulation Period from which the surrender, transfer or loan is to be taken; b = the Specified Interest Rate declared at the time a surrender or transfer is requested for an Accumulation Period equal to the time remaining in the Accumulation Period from which the surrender or transfer (including transfer to the Loan Account as a result of a request by the Owner for a Loan) is requested, plus 0.25%; n = the Accumulation Period from which the surrender or transfer occurs in months; and DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT 24 t = the number of elapsed months (or portion thereof) in the Accumulation Period from which the surrender or transfer occurs. If an Accumulation Period equal to the time remaining is not issued by the Company, the rate will be an interpolation between two available Accumulation Periods. If two such Accumulation Periods are not available, we will use the rate for the next available Accumulation Period. If the Company is no longer declaring rates on new payments, we will use Treasury yields adjusted for investment risk as the basis for the Market Value Adjustment. The MVA Factor shown above also accounts for some of the administrative and processing expenses incurred when fixed-interest investments are liquidated. This is represented in the addition of 0.25% in the MVA Factor. The MVA Factor will be multiplied by that portion of the Specified Value being surrendered, transferred, or distributed for any other reason. If the result is greater than zero, a gain will be realized by the Owner; if less than zero, a loss will be realized. If the MVA Factor is exactly zero, no gain or loss will be realized by the Owner. INVESTMENTS Amounts allocated to the Guaranteed Interest Account with Market Value Adjustment are transferred to the General Account of the Company. Amounts allocated to the General Account of the Company are subject to the liabilities arising from the business the Company conducts. This is unlike amounts allocated to the Subaccounts of the MONY America Variable Account A, which are not subject to the liabilities arising from the business the Company conducts. The Company has sole investment discretion over the investment of the assets of the General Account. We will invest these amounts primarily in investment-grade fixed income securities including: securities issued by the U.S. Government or its agencies or instrumentalities, which issues may or may not be guaranteed by the U.S. Government; debt securities that have an investment grade, at the time of purchase, within the four highest grades assigned by Moody's Investor Services, Inc., Standard & Poor's Corporation, or any other nationally recognized rating service; mortgage-backed securities collateralized by real estate mortgage loans or securities collateralized by other assets, that are insured or guaranteed by the Federal Home Loan Mortgage Association, the Federal National Home Mortgage Association, or the Government National Mortgage Association, or that have an investment grade at the time of purchase within the four highest grades described above; commercial and agricultural mortgage loans; other debt instruments; commercial paper; cash or cash equivalents. Variable annuity Owners having allocated amounts to a particular Accumulation Period of the Guaranteed Interest Account with Market Value Adjustment will not have a direct or indirect interest in these investments, nor will they have a claim against any particular assets of the Company. The overall investment performance of the General Account will not increase or decrease their claim against the Company. There is no specific formula for establishing Specified Interest Rates. The Specified Interest Rates declared by the Company for the various Accumulation Periods will not necessarily correspond to the performance of any group of assets of the General Account. We will consider certain factors in determining these rates, such as regulatory and tax environment, sales commissions, administrative expenses borne by us, and competitive factors. The Company's management will make the final determination of these rates. However, the Specified Interest Rate will never be less than 3.50%. 25 DESCRIPTION OF THE GUARANTEED INTEREST ACCOUNT WITH MARKET VALUE ADJUSTMENT 6. SURRENDERS -------------------------------------------------------------------------------- The Owner may elect to make a surrender of all or part of the Contract's Fund Value provided it is: o on or before the annuity payments start, and o during the lifetime of the Annuitant. Any such election shall specify the amount of the surrender. The surrender will be effective on the date a proper written request is received by the Company at its Operations Center. The amount of the surrender may be equal to the Contract's Cash Value, which is its Fund Value less: (1) any applicable surrender charge, (2) any applicable Market Value Adjustment, and (3) any outstanding debt. The Surrender may also be for a lesser amount (a "partial surrender"). Requested partial surrenders that would leave a Cash Value of less than $1,000 are treated and processed as a full surrender. In such case, the entire Cash Value will be paid to the Owner. For a partial surrender, any surrender charge or any applicable market value adjustment will be in addition to the amount requested by the Owner. A surrender will result in the cancellation of units of the particular subaccounts and the withdrawal of amounts credited to the Guaranteed Interest Account Accumulation Periods as chosen by the Owner. The aggregate value of the surrender will be equal to the dollar amount of the surrender plus, if applicable, any surrender charge and any applicable market value adjustment. For a partial surrender, the Company will cancel Units of the particular subaccounts and withdraw amounts from the Guaranteed Interest Account with Market Value Adjustment Accumulation Period under the allocation specified by the Owner. The unit value will be calculated as of the Business Day the surrender request is received. Allocations may be by either amount or percentage. Allocations by percentage must be in whole percentages (totaling 100%). At least 10% of the partial surrender must be allocated to any subaccount or an Accumulation Period in the Guaranteed Interest Account with Market Value Adjustment designated by the Owner. The request will not be accepted if: o there is insufficient Fund Value in the Guaranteed Interest Account with Market Value Adjustment or a subaccount to provide for the requested allocation against it, or o the request is incomplete or incorrect. Any surrender charge will be allocated against the Guaranteed Interest Account with Market Value Adjustment and each subaccount in the same proportion that each allocation bears to the total amount of the partial surrender. Contracts issued in the States of Maryland, New Jersey, Oklahoma, South Carolina, Texas and Washington and the Commonwealths of Massachusetts and Pennsylvania, to the extent the Owner allocates investments to the Guaranteed Interest Account, must maintain a minimum Fund Value in the Guaranteed Interest Account of $2,500. The amount of any surrender or transfer payable from MONY America Variable Account A will be paid in accordance with the requirements of state insurance departments and the 1940 Act. However, the Company may be permitted to postpone such payment under the 1940 Act. Postponement is currently permissible only for any period during which: (1) the New York Stock Exchange is closed other than customary weekend and holiday closings, or (2) trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission, or (3) an emergency exists as a result of which disposal of securities held by the Fund is not reasonably practicable or it is not reasonably practicable to determine the value of the net assets of the Fund. Any surrender involving payment from amounts credited to the Guaranteed Interest Account with Market Value Adjustment may be postponed, at the option of the Company, for up to 6 months from the date the request for a surrender is received by the Company. Surrenders involving payment from the Guaranteed Interest Account with Market Value Adjustment may in certain circumstances and in certain states also be subject to a market value adjustment, in addition to a surrender charge. The Owner may elect to have the amount of a surrender settled under one of the settlement options of the Contract. (See "Annuity provisions".) Contracts offered by this prospectus may be issued in connection with retirement plans meeting the requirements of certain sections of the Internal Revenue Code. Owners should refer to the terms of their particular retirement plan for any limitations or restrictions on cash surrenders. The tax results of a surrender should be carefully considered. (See "Federal tax status".) Please note: if mandated under applicable law, we may be required to reject a Purchase Payment. In addition, we may also be required to block an Owner's account and thereby refuse to honor any request for transfers, partial surrenders, loans, or death benefits until instructions are secured from the appropriate regulator. We may be required to provide additional information about your account to government regulators. SURRENDERS 26 7. LOANS -------------------------------------------------------------------------------- Qualified Contracts issued under an Internal Revenue Code Section 401(k) plan will have a loan provision (except in the case of contracts issued in Vermont) under which a loan can be taken using the Contract as collateral for the loan. All of the following conditions apply in order for the amount to be considered a loan, rather than a (taxable) partial surrender: o The term of the loan must be 5 years or less. o Repayments are required at least quarterly and must be substantially level. o The loan amount is limited to certain dollar amounts as specified by the IRS. The Owner (Plan Trustee) must certify that these conditions are satisfied. In any event, the maximum outstanding loan on a Contract is 50% of the Fund Value in the subaccounts and/or the Guaranteed Interest Account with Market Value Adjustment. Loans are not permitted before the end of the right to return contract period. In requesting a loan, the Owner must specify the subaccounts from which Fund Value equal to the amount of the loan requested will be taken. Loans from the Guaranteed Interest Account with Market Value Adjustment are not taken until Fund Value in the subaccounts is exhausted. If Fund Value must be taken from the Guaranteed Interest Account with Market Value Adjustment in order to provide the Owner with the amount of the loan requested, the Owner must specify the Accumulation Periods from which Fund Values equal to such amount will be taken. If the Owner fails to specify subaccounts and Accumulation Periods, the request for a loan will be returned to the Owner. Values are transferred to a loan account that earns interest at an annual rate of 3.50%. The annual loan interest rate charged on outstanding loan amounts will be 6%. If interest is not repaid each year, it will be added to the principal of the loan. Loan repayments must be specifically earmarked as loan repayment and will be allocated to the subaccounts and/or the Guaranteed Interest Account with Market Value Adjustment using the most recent payment allocation on record. Otherwise, we will treat the payment as a Net Purchase Payment. -------------------------------------------------------------------------------- LOAN -- Available under a Contract issued under Section 401(k) of the Code; subject to availability. To be considered a Loan: (1) the term must be no more than five years, (2) repayments must be at least quarterly and substantially level, and (3) the amount is limited to dollar amounts specified by the Code, not to exceed 50% of the Fund Value. LOAN ACCOUNT -- A part of the General Account where Fund Value is held as collateral for a loan. An Owner may transfer Fund Value in the Subaccounts, and/or Guaranteed Interest Account with Market Value Adjustment to the Loan Account. -------------------------------------------------------------------------------- 27 LOANS 8. DEATH BENEFIT -------------------------------------------------------------------------------- DEATH BENEFIT PROVIDED BY THE CONTRACT The Company will pay a death benefit to the Beneficiary if: (1) the Annuitant dies, and (2) the death occurs before the annuity payments start. The amount of the death benefit will be the greater of: (1) the Fund Value less any outstanding debt on the date of the Annuitant's death; (2) the Purchase Payments paid, less any partial surrenders and their surrender charges and market value adjustment and less any outstanding debt; or (3) an enhanced death benefit. If there are funds allocated to the Guaranteed Interest Account with market value adjustment at the time of death, any applicable market value adjustment will be waived. If the death of the Annuitant occurs on or after the annuity payments start, no death benefit will be payable except as may be provided under the settlement option elected. In general, on the death of an Owner who is not the Annuitant, amounts must be distributed from the Contract. (See "Provisions required by Section 72(s) of the Code" later in this prospectus.) We will impose applicable surrender charges. (See "Charges and deductions" later in this prospectus.) ENHANCED DEATH BENEFIT OPTIONS Your Contract provides a choice of two enhanced death benefit options when it is issued. If the Annuitant is age 0-75, the Owner may choose either enhanced death benefit -- 5 Year or enhanced death benefit -- 1 Year described below. If the Annuitant does not choose an option when the Contract is issued, the Annuitant will automatically receive the enhanced death benefit -- 5 Year. If your Contract was issued on or before August 16, 2000, you may have elected the enhanced death benefit -- 1 Year during the period from August 16, 2000 to September 22, 2000. Owners with these Contracts not making the election will retain the enhanced death benefit -- 5 Year. ENHANCED DEATH BENEFIT -- 5 YEAR On the 5th Contract anniversary and each subsequent 5th Contract anniversary prior to the Annuitant's 71st birthday, the enhanced death benefit may be increased. If the Annuitant is age 65 or over on the date of issue, the enhanced death benefit will be recalculated once on the 5th Contract anniversary. Thereafter the enhanced death benefit remains at its last value. ENHANCED DEATH BENEFIT -- 1 YEAR On the first Contract Anniversary and each subsequent Contract Anniversary prior to the Annuitant's 80th birthday, the enhanced death benefit may be increased. After the Annuitant reaches age 80, this enhanced death benefit provision expires. This option may not be currently available in all states. AMOUNT OF THE ENHANCED DEATH BENEFIT PAYABLE ON DEATH UNDER ENHANCED DEATH BENEFIT OPTIONS The recalculated enhanced death benefit is equal to the greater of: (1) the Fund Value on the date the enhanced death benefit is to be recalculated; and (2) the current enhanced death benefit proportionately reduced by any partial surrenders including surrender charges and any applicable market value adjustments assessed since the last recalculation of the enhanced death benefit. The enhanced death benefit payable under both enhanced death benefit options is the enhanced death benefit on the date of death of the Annuitant, reduced proportionately for each partial surrender (including surrender charges and market value adjustments, if applicable) since the last recalculation date and less any outstanding debt. In no event will the enhanced death benefit payable on death exceed 200% of: o the total Purchase Payments reduced proportionately for each partial surrender (including surrender charges and applicable market value adjustments,), and less o any outstanding debt. The proportionate reduction for each partial surrender will be equal to: (1) the amount of that partial surrender (including any surrender charges and applicable Market Value Adjustment assessed), divided by (2) the Fund Value immediately before that partial surrender, multiplied by, (3) the enhanced death benefit immediately before the surrender. Once the last value is set for the enhanced death benefit, it will not be recalculated. The last value is set for the 5 Year option prior to the Annuitant's 71st birthday or on the first 5th anniversary if the Contract is purchased on or after the Annuitant's age 65. The last value is set for the 1 Year option on the Contract Anniversary prior to the Annuitant's age 80. After the Annuitant reaches age 80, this enhanced death benefit provision expires. All other basic death benefits as described in this prospectus continue to apply. The largest death benefit under any of these provisions will be paid. The cost of an enhanced death benefit option is reflected in the mortality and expense risk charge. ELECTION AND EFFECTIVE DATE OF ELECTION The Owner may elect to have the death benefit of the Contract applied under one of four settlement options to effect an annuity for the Beneficiary as payee after the death of the Annuitant. The election must take place: (1) during the lifetime of the Annuitant, and (2) before the annuity payments start. DEATH BENEFIT 28 If no election of a settlement option for the death benefit is in effect on the date when proceeds become payable, the Beneficiary may elect: (1) to receive the death benefit in the form of a lump sum payment; or (2) to have the death benefit applied under one of the settlement options. (See "Settlement options.") If an election by the payee is not received by the Company within one month following the date proceeds become payable, the payee will be considered to have elected a lump sum payment. Either election described above may be made by filing a written election with the Company in such form as it may require. Any proper election of a method of settlement of the death benefit by the Owner will become effective on the date it is signed. However, any election will be subject to any payment made or action taken by the Company before receipt of the notice at the Company's Operations Center. Settlement option availability may be restricted by the terms of any applicable retirement plan and any applicable legislation for any limitations or restrictions on the election of a method of settlement and payment of the death benefit. PAYMENT OF DEATH BENEFIT If the death benefit is to be paid in one sum to the Beneficiary, payment will be made within seven (7) days of the date: (1) the election becomes effective, or (2) the election is considered to become effective, and (3) due proof of death of the Annuitant is received. The Company may be permitted to postpone such payment from amounts payable from MONY America Variable Account A under the 1940 Act. If the death benefit is to be paid in one sum to the Successor Beneficiary, or to the estate of the deceased Annuitant, payment will be made within seven (7) days of the date due proof of the death of the Annuitant and the Beneficiary is received by the Company. Unless another election is made, the death benefit proceeds will be transferred to an interest bearing checking account. The Beneficiary may make partial or full withdrawals from such account through a checkbook provided to the Beneficiary. 29 DEATH BENEFIT 9. CHARGES AND DEDUCTIONS -------------------------------------------------------------------------------- The following table summarizes the charges and deductions under the Contract (See "Summary of the Contract -- Fee tables" for more detailed information):
----------------------------------------------------------------------------------------------------------------------------- DEDUCTIONS FROM PURCHASE PAYMENTS ----------------------------------------------------------------------------------------------------------------------------- Tax charge Range for State and local -- 0%-3.50%(1). Federal -- Currently 0% (Company reserves the right to charge in the future.) ----------------------------------------------------------------------------------------------------------------------------- DAILY DEDUCTIONS FROM MONY AMERICA VARIABLE ACCOUNT A ----------------------------------------------------------------------------------------------------------------------------- Mortality & expense risk charge Maximum daily rate -- 0.003699% Annual Rate deducted daily from average daily net assets Maximum Annual rate -- 1.35% ----------------------------------------------------------------------------------------------------------------------------- DEDUCTIONS FROM FUND VALUE ----------------------------------------------------------------------------------------------------------------------------- Annual contract charge Maximum of $50 ($30 in some states) on 30 days written notice Current charge is $0 ----------------------------------------------------------------------------------------------------------------------------- Transaction and other charges Maximum of $25 Transfer charge Current charge is $0 ----------------------------------------------------------------------------------------------------------------------------- Surrender charge See grading schedule and "Charges and deductions -- Charges Grades from 7% to 0% of Fund Value surrendered based on a against fund value" for details of how it is computed. schedule. ----------------------------------------------------------------------------------------------------------------------------- Loan interest spread 2.50% -----------------------------------------------------------------------------------------------------------------------------
(1) Company currently assumes responsibility; current charge to Owner 0%. The following provides additional details of the charges and deductions under the Contract. The amount of the charge may not necessarily correspond to the costs associated with providing the services or benefits indicated by the designation of the charge. For example, the surrender charge we collect may not fully cover all of the sales and distribution expenses we actually incur. We also may realize a profit on one or more of the charges. We may use such profits for any corporate purpose, including the payment of sales expenses. DEDUCTIONS FROM PURCHASE PAYMENTS Deductions may be made from Purchase Payments for a charge for state and local premium or similar taxes prior to allocation of any Net Purchase Payment among the subaccounts. Currently, the Company makes no deduction, but may do so with respect to future Purchase Payments. If the Company is going to make deductions for such tax from future Purchase Payments, it will give 30 days notice to each affected Owner. CHARGES AGAINST FUND VALUE DAILY DEDUCTION FROM MONY AMERICA VARIABLE ACCOUNT A MORTALITY AND EXPENSE RISK CHARGE. The Company assumes mortality and expense risks. A charge for assuming such risks is deducted daily from the net assets of MONY America Variable Account A. This daily charge from MONY America Variable Account A is deducted at a current daily rate equivalent to an annual rate of 1.35% from the value of the net assets of MONY America Variable Account A. The rate is guaranteed not to exceed a daily rate equivalent to an annual rate of 1.35% from the value of the net assets of MONY America Variable Account A. The charge is deducted from MONY America Variable Account A, and therefore the subaccounts, on each Business Day. The mortality and expense risk charges will not be deducted from the Guaranteed Interest Account with Market Value Adjustment. Where the previous day (or days) was not a Business Day, the deduction currently on the next Business Day will be 0.003699% (guaranteed not to exceed 0.003699%) multiplied by the number of days since the last Business Day. The Company believes that this level of charge is within the range of industry practice for comparable individual flexible payment variable annuity contracts. The mortality risk assumed by the Company is that Annuitants may live for a longer time than projected. If that occurs, an aggregate amount of annuity benefits greater than that projected will be payable. In making this projection, the Company has used the mortality rates from the 1983 Table "a" (discrete functions without projections for future mortality), with 3.50% interest. The expense risk assumed is that expenses incurred in issuing and administering the Contracts will exceed the administrative charges provided in the Contracts. If the amount of the charge exceeds the amount needed, the excess will be kept by the Company in its General Account. If the amount of the charge is inadequate, the Company will pay the difference out of its General Account. DEDUCTIONS FROM FUND VALUE ANNUAL CONTRACT CHARGE. The Company has primary responsibility for the administration of the Contract and MONY America Variable Account A. An annual contract charge helps to reimburse the Company for administrative expenses related to the maintenance of the Contract. Ordinary administrative expenses expected to be incurred include premium collection, recordkeeping, processing death benefit claims and surrenders, preparing and mailing reports, and overhead costs. In addition, the Company expects to incur certain additional administrative expenses in connection with the issuance of the Contract, including the review of applications and the establishment of Contract records. CHARGES AND DEDUCTIONS 30 The Company intends to administer the Contract itself through an arrangement whereby it may buy some administrative services from AXA Equitable and such other sources as may be available. Currently, there is no annual contract charge. The Company may in the future impose an annual contract charge. The charge will never, however, exceed $50. The Owner will receive a written notice 30 days in advance of any change in the charge. Any applicable charge will be assessed once per year on the Contract Anniversary, starting on the first Contract Anniversary. If imposed, the annual contract charge is deducted from the Fund Value on each Contract Anniversary before the date annuity payments start. The amount of the charge will be allocated against the Guaranteed Interest Account with Market Value Adjustment and each subaccount of MONY America Variable Account A in the same proportion that the Fund Value in those accounts bears to the Fund Value of the Contract. The Company does not expect to make any profit from the annual contract charge. TRANSFER CHARGE. Contract value may be transferred among the subaccounts or to or from the Guaranteed Interest Account with Market Value Adjustment and one or more of the subaccounts (including transfers made by telephone, if permitted by the Company). The Company reserves the right to impose a transfer charge for each transfer instructed by the Owner in a Contract Year. The transfer charge compensates the Company for the costs of effecting the transfer. The transfer charge will not exceed $25 (except for contracts issued in the states of South Carolina and Texas where it will not exceed $10). The Company does not expect to make a profit from the transfer charge. If imposed, the transfer charge will be deducted from the Contract's Fund Value held in the subaccount(s) or from the Guaranteed Interest Account with Market Value Adjustment from which the first transfer is made. SURRENDER CHARGE. A contingent deferred sales charge (called a "surrender charge") will be imposed when a full or partial surrender is requested or at the start of annuity benefits if it is during the first eight years of the Contract. The surrender charge will never exceed 7% of total Fund Value. The surrender charge is intended to reimburse the Company for expenses incurred in distributing the Contract. To the extent such charge is insufficient to cover all distribution costs, the Company will make up the difference. The Company will use funds from its General Account, which may contain funds deducted from MONY America Variable Account A to cover mortality and expense risks borne by the Company. (See "Charges against fund value -- Mortality and expense risk charge.") We impose a surrender charge when a full or partial surrender is made during the first eight (8) Contract Years, except as provided below. A surrender charge will not be imposed: (1) Against Fund Value surrendered after the eighth Contract Year. (2) To the extent necessary to permit the Owner to obtain an amount equal to the free partial surrender amount (See "Free partial surrender amount"). (3) If the Contract is surrendered after the third Contract Year and the surrender proceeds are paid under either Settlement Option 3 or Settlement Option 3A (See "Settlement options"). The elimination of a Surrender Charge in this situation does not apply to contracts issued in the State of Texas. In no event will the aggregate surrender charge exceed 7% of the Fund Value. Further, in no event will the surrender charges imposed, when added to any surrender charges previously paid on the Contract, exceed 9% of aggregate Purchase Payments made to date for the Contract. The Owner may specify whether he/she wants the surrender charge to be deducted from the amount requested for surrender or the Fund Value remaining. If not specified or if the Fund Value remaining is not sufficient, then the surrender charge will be deducted from the amount requested for surrender. If it is specified that the surrender charge will come from the remaining Fund Value and it is sufficient, then the Company will determine the appropriate amount to be surrendered in order to pay the surrender charge. Any surrender charge will be allocated against the Guaranteed Interest Account with Market Value Adjustment and each subaccount of MONY America Variable Account A in the same proportion that the amount of the partial surrender allocated against those accounts bears to the total amount of the partial surrender. If any surrender from the Guaranteed Interest Account with Market Value Adjustment occurs prior to the Maturity Date for any particular Accumulation Period elected by the Owner, the amount surrendered will be subject to a Market Value Adjustment in addition to Surrender Charges. No surrender charge will be deducted from Death Benefits except as described in "Death benefit." If The MONYMaster variable annuity contract issued by MONY Life Insurance Company of America has been exchanged for this Contract, a separate effective date was assigned to this Contract by endorsement for purposes of determining the amount of any surrender charge. The surrender charge effective date of this Contract with the endorsement is the effective date of The MONYMaster variable annuity contract. Your agent can provide further details. A separate surrender charge effective date does not apply in states where the endorsement has not been approved. We reserve the right to disallow exchanges for this Contract at any time. AMOUNT OF SURRENDER CHARGE. The amount of the surrender charge is equal to a varying percentage of Fund Value during the first 8 Contract Years. The percentage is determined by multiplying the surrender charge percentage for the Contract Year by the amount of Fund Value requested as follows:
~~-------------------------------------------------------- SURRENDER CHARGE PERCENTAGE TABLE --------------------------------------------------------~~ CONTRACT YEAR SURRENDER CHARGE (AS A PERCENTAGE OF FUND VALUE SURRENDERED) -------------------------------------------------------- 1 7% -------------------------------------------------------- 2 7 -------------------------------------------------------- 3 6 -------------------------------------------------------- 4 6 -------------------------------------------------------- 5 5 -------------------------------------------------------- 6 4 -------------------------------------------------------- 7 3 -------------------------------------------------------- 8 2 -------------------------------------------------------- 9 (or more) 0 --------------------------------------------------------
31 CHARGES AND DEDUCTIONS The amount of the surrender charge is in addition to any applicable Market Value Adjustment that may be made if the surrender is made from Fund Value in the Guaranteed Interest Account with Market Value Adjustment. (See "Guaranteed Interest Account with Market Value Adjustment -- Surrenders" for further details.) FREE PARTIAL SURRENDER AMOUNT. The surrender charge may be reduced by using the free partial surrender amount provided for in the Contract. The surrender charge will not be deducted in the following circumstances: (1) For Qualified Contracts, (other than contracts issued for IRA and SEP-IRA), an amount each Contract Year up to the greater of: (a) $10,000 (but not more than the Contract's Fund Value), or (b) 10% of the Contract's Fund Value at the beginning of the Contract Year (except, if the surrender is requested during the first Contract Year, then 10% of the Contract's Fund Value at the time the first surrender is requested). (2) For Non-Qualified Contracts (and contracts issued for IRA and SEP-IRA), an amount up to 10% of the Fund Value at the beginning of the Contract Year (except, if the surrender is requested during the first Contract Year, then 10% of the Contract's Fund Value at the time the first surrender is requested) may be received in each Contract Year without a surrender charge. Free partial surrenders may only be made to the extent Cash Value in the subaccounts and/or Guaranteed Interest Account is available. For example, the Fund Value in MONY America Variable Account A could decrease (due to unfavorable investment experience) after part of the 10% was withdrawn. In that case it is possible that there may not be enough Cash Value to provide the remaining part of the 10% free partial surrender amount. Contract Fund Value here means the Fund Value in the subaccounts (and the Guaranteed Interest Account with Market Value Adjustment not the Loan Account). This reduction of surrender charge does not affect any applicable Market Value Adjustment that may be made if the surrender is made from Fund Value in the Guaranteed Interest Account with Market Value Adjustment. (See "Guaranteed Interest Account with Market Value Adjustment -- Surrenders" and the prospectus for the Guaranteed Interest Account with Market Value Adjustment which accompanies this prospectus for further details.) TAXES Currently, no charge will be made against MONY America Variable Account A for federal income taxes. However, the Company may make such a charge in the future if income or gains within MONY America Variable Account A will incur any federal income tax liability. Charges for other taxes, if any, attributable to MONY America Variable Account A may also be made. (See "Federal tax status".) INVESTMENT ADVISORY FEE Each portfolio in which the MONY America Variable Account A invests incurs certain fees and charges. To pay for these fees and charges, the portfolio makes deductions from its assets. Certain portfolios available under the Contract in turn invest in shares of other portfolios of AXA Premier VIP Trust and EQ Advisors Trust and/or shares of unaffiliated portfolios (collectively the "underlying portfolios"). The underlying portfolios each have their own fees and expenses, including management fees, operating expenses, and investment related expenses such as brokerage commissions. The portfolio expenses are described more fully in each Fund prospectus. We sell the Contracts through registered representatives of broker-dealers. These registered representatives are also appointed and licensed as insurance agents of the Company. We pay commissions to the broker-dealers for selling the Contracts. You do not directly pay these commissions, we do. We intend to recover commissions, marketing, administrative and other expenses and the cost of Contract benefits through the fees and charges imposed under the Contracts. (See "Distribution of the Contracts" for more information.) CHARGES AND DEDUCTIONS 32 10. ANNUITY PROVISIONS -------------------------------------------------------------------------------- ANNUITY PAYMENTS Annuity payments under a Contract will begin on the date that is selected by the Owner when the Contract is applied for. The date chosen for the start of annuity payments may be: (1) no earlier than the 10th Contract Anniversary, and (2) no later than the Contract Anniversary after the Annuitant's 95th birthday. The minimum number of years from the Effective Date to the start of annuity payments is 10. The date when annuity payments start may be: (1) Advanced to a date that is not earlier than the 10th Contract Anniversary. (2) Deferred from time to time by the Owner by written notice to the Company. The date when annuity payments start will be advanced or deferred if: (1) Notice of the advance or deferral is received by the Company prior to the current date for the start of annuity payments. (2) The new start date for annuity payments is a date which is not later than the Contract Anniversary after the Annuitant's 95th birthday. A particular retirement plan may contain other restrictions. When annuity payments begin, unless Settlement Option 3 or 3A is elected, the Contract's Cash Value, less any tax charge which may be imposed, will be applied to provide an annuity or any other option previously chosen by the Owner and permitted by the Company. If Settlement Option 3 or 3A is elected, the Contract's Fund Value (less any state taxes imposed when annuity payments begin) will be applied to provide an annuity. A supplementary contract will be issued when proceeds are applied to a settlement option. That contract will describe the terms of the settlement. No payments may be requested under the Contract's surrender provisions after annuity payments start. No surrender will be permitted except as may be available under the settlement option elected. For Contracts issued in connection with retirement plans, reference should be made to the terms of the particular retirement plan for any limitations or restrictions on when annuity payments start. ELECTION AND CHANGE OF SETTLEMENT OPTION During the lifetime of the Annuitant and prior to the start of annuity payments, the Owner may elect: o one or more of the settlement options described below, or o another settlement option as may be agreed to by the Company. The Owner may also change any election if written notice of the change is received by the Company at its Operation Center prior to the start of annuity payments. If no election is in effect when annuity payments start, a lump sum payment will be considered to have been elected. For contracts issued in the State of Texas, if no election is in effect when annuity payments start, Settlement Option 3 with a period certain of 10 years will be considered to have been elected. Settlement options may also be elected by the Owner or the Beneficiary as provided in the "Death benefit" and "Surrenders" sections of this prospectus. (See "Death benefit" and "Surrenders"). Where applicable, reference should be made to the terms of a particular retirement plan and any applicable legislation for any limitations or restrictions on the options that may be elected. SETTLEMENT OPTIONS Proceeds settled under the settlement options listed below or otherwise currently available will not participate in the investment experience of the MONY America Variable Account A. Unless you select Settlement Option 1, the settlement option may not be changed once payments begin. SETTLEMENT OPTION 1 -- INTEREST INCOME: Interest on the proceeds at a rate (not less than 2.75% per year) set by the Company each year. The Option will continue until the earlier of the date that the payee dies or the date you elect another settlement option. Under certain contracts, this option is not available if the Annuitant is the payee. SETTLEMENT OPTION 2 -- INCOME FOR SPECIFIED PERIOD: Fixed monthly payments for a specified period of time, as elected. The payments may, at the Company's option, be increased by additional interest each year. SETTLEMENT OPTION 3 -- SINGLE LIFE INCOME: Payments for the life of the payee and for a period certain. The period certain may be (a) 0 years, 10 years, or 20 years, or (b) the period required for the total income payments to equal the proceeds (refund period certain). The amount of the income will be determined by the Company on the date the proceeds become payable. SETTLEMENT OPTION 3A -- JOINT LIFE INCOME: Payments during the joint lifetime of the payee and one other person, and during the lifetime of the survivor. The survivor's monthly income may be equal to either (a) the income payable during the joint lifetime or (b) two-thirds of that income. If a person for whom this option is chosen dies before the first monthly payment is made, the survivor will receive proceeds instead under Settlement Option 3, with 10 years certain. SETTLEMENT OPTION 4 -- INCOME OF SPECIFIED AMOUNT: Income, of an amount chosen, for as long as the proceeds and interest last. The amount chosen to be received as income in each year may not be less than 10 percent of the proceeds settled. Interest will be credited annually on the amount remaining unpaid at a rate determined annually by the Company. This rate will not be less than 2.75% per year. The Contract contains annuity payment rates for Settlement Options 3 and 3A described in this prospectus. The rates show, for each $1,000 applied, the dollar amount of the monthly fixed annuity payment, when this payment is based on minimum guaranteed interest as described in the Contract. The annuity payment rates may vary according to the Settlement Option elected and the age of the payee. The mortality table used in determining the annuity payment rates for Settlement Options 3 and 33 ANNUITY PROVISIONS 3A is the 1983 Table "a" (discrete functions, without projections for future mortality), with 3.50% interest per year. Under Settlement Option 3, if income based on the period certain elected is the same as the income provided by another available period or periods certain, the Company will consider the election to have been made of the longest period certain. In Qualified Plans, settlement options available to Owners may be restricted by the terms of the plans. FREQUENCY OF ANNUITY PAYMENTS At the time the settlement option is chosen, the payee may request that it be paid: o Quarterly: o Semiannually: or o Annually If the payee does not request a particular installment payment schedule, the payments will be made in monthly installments. However, if the net amount available to apply under any settlement option is less than $1,000, the Company has the right to pay such amount in one lump sum. In addition, if the payments provided for would be less than $25, the Company shall have the right to change the frequency of the payments to result in payments of at least $25. ADDITIONAL PROVISIONS The Company may require proof of the age of the Annuitant before making any life annuity payment under the Contract. If the Annuitant's age has been misstated, the amount payable will be the amount that would have been provided under the settlement option at the correct age. Once life income payments begin, any underpayments will be made up in one sum with the next annuity payment. Overpayments will be deducted from the future annuity payments until the total is repaid. For contracts issued in the State of Washington, any underpayment by the Company will be paid in a single sum after the correction of the misstatement. The Contract may be required to be returned upon any settlement. Prior to any settlement of a death claim, proof of the Annuitant's death must be submitted to the Company. Where any benefits under the Contract are contingent upon the recipient's being alive on a given date, the Company requires proof satisfactory to it that such condition has been met. The Contracts described in this prospectus contain annuity payment rates that distinguish between men and women. On July 6, 1983, the Supreme Court held in Arizona Governing Committee v. Norris that optional annuity benefits provided under an employer's deferred compensation plan could not, under Title VII of the Civil Rights Act of 1964, vary between men and women on the basis of sex. Because of this decision, the annuity payment rates that apply to Contracts purchased under an employment-related insurance or benefit program may in some cases not vary on the basis of the Annuitant's sex. Unisex rates to be provided by the Company will apply for Qualified Plans. Employers and employee organizations should consider, in consultation with legal counsel, the impact of Norris , and Title VII, generally and any comparable state laws that may apply, on any employment-related plan for which a Contract may be purchased. The Contract is incontestable from its date of issue. GUARANTEED INTEREST ACCOUNT AT ANNUITIZATION On the Annuity Starting Date, the Contract's Cash Value, including the Cash Value of all Accumulation Periods of the Guaranteed Interest Account with Market Value Adjustment, will be applied to provide an annuity or any other option previously chosen by the Owner and permitted by the Company. No Market Value Adjustment will apply at annuitization if the owner elects Settlement Option 3 or 3A. For more information about annuitization and annuity options, please refer to the Contract. ANNUITY PROVISIONS 34 11. OTHER PROVISIONS -------------------------------------------------------------------------------- OWNERSHIP The Owner has all rights and may receive all benefits under the Contract. During the lifetime of the Annuitant (and Secondary Annuitant if one has been named), the Owner is the person so designated in the application, unless: (1) a change in Owner is requested, or (2) a Successor Owner becomes the Owner. The Owner may name a Successor Owner or a new Owner at any time. If the Owner dies, the Successor Owner, if living, becomes the Owner. Any request for change must be: (1) made in writing, and (2) received at the Company. The change will become effective as of the date the written request is signed. A new choice of Owner or Successor Owner will apply to any payment made or action taken by the Company after the request for the change is received. Owners should consult a competent tax adviser prior to changing Owners. -------------------------------------------------------------------------------- SUCCESSOR OWNER -- The living person who, at the death of the Owner, becomes the new Owner. -------------------------------------------------------------------------------- PROVISION REQUIRED BY SECTION 72(S) OF THE CODE The entire interest under a Non-Qualified Contract must be distributed within five years after the Owner's death if: (1) the Owner dies (a) before the start of annuity payments, and (b) while the Annuitant is living; and (2) that Owner's spouse is not the Successor Owner as of the date of the Owner's death. Satisfactory proof of death must be provided to the Company. Spousal status is determined under federal law for this purpose. The surrender proceeds may be paid over the life of the Successor Owner if: (1) the Successor Owner is the Beneficiary, and (2) the Successor Owner chooses that option. Payments must begin no later than one year after the date of death. If the Successor Owner is a surviving spouse, then the surviving spouse will be treated as the new Owner of the Contract. Under such circumstances, it is not necessary to surrender the Contract. However, under the terms of the Contract, if the spouse is not the Successor Owner: (1) the Contract will be surrendered as of the date of death, and (2) the proceeds will be paid to the Beneficiary. This provision shall not extend the term of the Contract beyond the date when death proceeds become payable. If the Owner dies on or after annuity payments start, any remaining portion of the proceeds will be distributed using a method that is at least as quick as the one used as of the date of the Owner's death. PROVISION REQUIRED BY SECTION 401(A)(9) OF THE CODE The entire interest of a Qualified Plan participant in the Contract generally will begin to be distributed no later than the required beginning date. For this purpose "Qualified Plans" include those intended to qualify under Sections 401 and 408 of the Code. Distribution will occur either by or beginning not later than April 1 of the calendar year following the calendar year the Qualified Plan Participant attains age 70-1/2. The interest is distributed: (1) over the life of such Participant, or (2) the lives of such Participant and designated Beneficiary. If (i) required minimum distributions have begun, and (ii) the Participant dies before the Owner's entire interest has been distributed to him/her, the remaining distributions will be made using a method that is at least as rapid as that used as of the date of the Participant's death. The Contract generally will be surrendered as of the Participant's death if: (1) the Participant dies before the start of such distributions, and (2) there is no designated Beneficiary. The surrender proceeds generally must be distributed within 5 years after the date of death. But, the surrender proceeds may be paid over the life of any designated Beneficiary at his/her option. In such case, distributions will begin not later than one year after the December 31 following the Participant's death. If the designated Beneficiary is the surviving spouse (as defined by federal law) of the Participant, distributions will begin not earlier than the December 31 following the date on which the Participant would have attained age 70-1/2. If the surviving spouse dies before distributions to him/her begin, the provisions of this paragraph shall be applied as if the surviving spouse were the Participant. If the Plan is an IRA under Section 408 of the Code, the surviving spouse may elect to forgo distribution and treat the IRA as his/her own plan. Although the lifetime required minimum distribution rules do not apply to Roth IRAs under Section 408A of the Code, the post-death distribution rules apply. It is the Owner's responsibility to assure that distribution rules imposed by the Code will be met. The Owner should consider the effect of recent revisions to the distribution rules which could increase the minimum distribution amount required from annuity contracts funding Qualified Plans where certain additional benefits are purchased under the Contract, such as enhanced death benefits. For this purpose additional annuity contract benefits may include, but are not limited to, guaranteed minimum income benefits and enhanced death benefits. The Owner may want to consult a tax advisor concerning the potential application of these complex rules before purchasing this annuity Contract or purchasing additional features under this annuity Contract or making additional Purchase Payments under this annuity Contract. 35 OTHER PROVISIONS SECONDARY ANNUITANT Except where the Contract is issued in connection with a Qualified Plan, a Secondary Annuitant may be designated by the Owner. Such designation may be made once before annuity payments begin, either: (1) in the application for the Contract, or (2) after the Contract is issued, by written notice to the Company at its Operations Center. The Secondary Annuitant may be deleted by written notice to the Company at its Operations Center. A designation or deletion of a Secondary Annuitant will take effect as of the date the written election was signed. The Company, however, must first accept and record the change at its Operations Center. The change will be subject to: (1) any payment made by the Company, or (2) action taken by the Company before the receipt of the notice at the Company's Operations Center. You cannot change the Secondary Annuitant, but you can delete the Secondary Annuitant. The Secondary Annuitant will be deleted from the Contract automatically by the Company as of the Contract Anniversary following the Secondary Annuitant's 95th birthday. On the death of the Annuitant, the Secondary Annuitant will become the Annuitant, under the following conditions: (1) the death of the Annuitant must have occurred before the Annuity starting date; (2) the Secondary Annuitant is living on the date of the Annuitant's death; (3) if the Annuitant was the Owner on the date of death, the Successor Owner must have been the Annuitant's spouse (as defined by federal law); and (4) if the date annuity payments start is later than the Contract Anniversary nearest the Secondary Annuitant's 95th birthday, the date annuity payments start will be automatically advanced to that Contract Anniversary. EFFECT OF SECONDARY ANNUITANT'S BECOMING THE ANNUITANT. If the Secondary Annuitant becomes the Annuitant, the Death Benefit proceeds will be paid to the Beneficiary only on the death of the Secondary Annuitant. If the Secondary Annuitant was the Beneficiary on the Annuitant's death, the Beneficiary will be automatically changed to the person who was the successor Beneficiary on the date of death. If there was no successor Beneficiary, then the Secondary Annuitant's executors or administrators, unless the Owner directed otherwise, will become the Beneficiary. All other rights and benefits under the Contract will continue in effect during the lifetime of the Secondary Annuitant as if the Secondary Annuitant were the Annuitant. ASSIGNMENT The Owner may assign the Contract. However, the Company will not be bound by any assignment until the assignment (or a copy) is received by the Company at its Administrative Office. The Company is not responsible for determining the validity or effect of any assignment. The Company shall not be liable for any payment or other settlement made by the Company before receipt of the assignment. If the Contract is issued under certain retirement plans, then it may not be assigned, pledged or otherwise transferred except under conditions allowed under applicable law. Because an assignment may be a taxable event, a Owner should consult a competent tax adviser before assigning the Contract. CHANGE OF BENEFICIARY So long as the Contract is in effect the Owner may change the Beneficiary or successor Beneficiary. A change is made by submitting a written request to the Company at its Operations Center. The form of the request must be acceptable to the Company. The Contract need not be returned unless requested by the Company. The change will take effect as of the date the request is signed. The Company will not, however, be liable for any payment made or action taken before receipt and acknowledgement of the request at its Operations Center. SUBSTITUTION OF SECURITIES The Company may substitute shares of another mutual fund for shares of the Funds already purchased or to be purchased in the future by Contract Purchase Payments if: (1) the shares of any portfolio of the Funds is no longer available for investment by MONY America Variable Account A, or (2) in the judgment of the Company's Board of Directors, further investment in shares of one or more of the portfolios of the Funds is inappropriate based on the purposes of the Contract. The new portfolios may have higher fees and charges than the ones they replaced, and not all portfolios may be available to all classes of contracts. We will notify you before we substitute securities in any subaccount, and, to the extent required by law, we will obtain prior approval from the Securities and Exchange Commission and the Arizona Insurance Department. We also will obtain any other required approvals (See "Who is MONY Life Insurance Company of America -- MONY America Variable Account A" for more information about changes we may make to the subaccounts). CHANGES TO CONTRACTS The Company reserves the right, subject to compliance with laws that apply, to unilaterally change your Contract in order to comply with any applicable laws and regulations, including but not limited to changes in the Internal Revenue Code, in Treasury regulations or in published rulings of the Internal Revenue Service, ERISA and in Department of Labor regulations. Any change in the Contract must be in writing and made by our authorized officer. We will provide notice of any contract change. CHANGE IN OPERATION OF MONY AMERICA VARIABLE ACCOUNT A MONY America Variable Account A may be operated as a management company under the 1940 Act or it may be deregistered under the 1940 Act in the event the registration is no longer required, or MONY America Variable Account A may be combined with any of other subaccounts. Deregistration of MONY America Variable Account A requires an order by the Securities and Exchange Commission. If there is a change in the operation of MONY America Variable Account A under this provision, the Company may make appropriate endorsement to the Contract to reflect the change and take such other action as may be necessary and appropriate to effect the change. OTHER PROVISIONS 36 12. VOTING RIGHTS -------------------------------------------------------------------------------- All of the assets held in the subaccounts of MONY America Variable Account A will be invested in shares of the designated portfolios of the Funds. The Company is the legal holder of these shares. To the extent required by law, the Company will vote the shares of each of the Funds held in MONY America Variable Account A (whether or not attributable to contract owners). We will determine the number of votes which you have the right to cast by applying your percentage interest in a subaccount to the total number of votes attributable to that subaccount. In determining the number of votes, we will recognize fractional shares. We will vote portfolio shares of a class held in a subaccount for which we received no timely instructions in proportion to the voting instructions which we received for all contracts participating in that subaccount. We will apply voting instructions to abstain on any item to be voted on a pro-rata basis to reduce the number of votes eligible to be cast. Whenever a Fund calls a shareholder's meeting, each person having a voting interest in a subaccount will receive proxy voting material, reports, and other materials relating to the relevant portfolio. Since each Fund may engage in shared funding, other persons or entities besides the Company may vote Fund shares. 37 VOTING RIGHTS 13. DISTRIBUTION OF THE CONTRACTS -------------------------------------------------------------------------------- The Contracts are distributed by both AXA Advisors, LLC ("AXA Advisors") and AXA Distributors, LLC ("AXA Distributors") (together, the "Distributors"). The Distributors serve as principal underwriters of MONY America Variable Account A. The offering of the Contracts is intended to be continuous. AXA Advisors is an affiliate of the Company, and AXA Distributors is an indirect wholly owned subsidiary of the Company. The Distributors are under the common control of AXA Financial, Inc. Their principal business address is 1290 Avenue of the Americas, New York, NY 10104. The Distributors are registered with the SEC as broker-dealers and are members of the Financial Industry Regulatory Authority, Inc. ("FINRA" ). Both broker-dealers also act as distributors for the Company's life and annuity products. The Contracts are sold by financial professionals of AXA Advisors and its affiliates. The Contracts are also sold by financial professionals of unaffiliated broker-dealers that have entered into selling agreements with the Distributors ("Selling broker-dealers"). The Company pays compensation to both Distributors based on Contracts sold. The Company may also make additional payments to the Distributors, and the Distributors may, in turn, make additional payments to certain Selling broker-dealers. All payments will be in compliance with all applicable FINRA rules and other laws and regulations. Although the Company takes into account all of its distribution and other costs in establishing the level of fees and charges under its Contracts, none of the compensation paid to the Distributors or the Selling broker-dealers discussed in this section of the Prospectus are imposed as separate fees or charges under your Contract. The Company, however, intends to recoup amounts it pays for distribution and other services through the fees and charges of the Contract and payments it receives for providing administrative, distribution and other services to the Portfolios. For information about the fees and charges under the Contract, see "Summary of the Contract" and "Charges and deductions" earlier in this prospectus. COMPENSATION PAID TO THE DISTRIBUTORS. The Company pays compensation to the Distributors based on Purchase Payments made on the Contracts sold through the Distributors ("contribution-based compensation"). The contribution-based compensation will generally not exceed 6.50% of the total Purchase Payments made under the Contracts, plus, starting in the second Contract Year, up to 0.25% of the Fund Value of the Contracts ("asset-based compensation"). The Distributors, in turn, may pay a portion of the compensation received from the Company to the Distributors financial professional and/or the Selling broker-dealer making the sale. The compensation paid by the Distributors varies among financial professionals and among Selling broker-dealers. The Distributors also pay a portion of the compensation it receives to its managerial personnel. When a Contract is sold by a Selling broker-dealer, the Selling broker-dealer, not the Distributors, determines the amount and type of compensation paid to the Selling broker-dealer's financial professional for the sale of the Contract. Therefore, you should contact your financial professional for information about the compensation he or she receives and any related incentives, as described below. AXA Advisors also pays its financial professionals and managerial personnel other types of compensation including service fees, expense allowance payments and health and retirement benefits. AXA Advisors also pays its financial professionals, managerial personnel and Selling broker-dealers sales bonuses (based on selling certain products during specified periods) and persistency bonuses. AXA Advisors may offer sales incentive programs to financial professionals and Selling broker-dealers who meet specified production levels for the sales of both the Company Contracts and Contracts offered by other companies. These incentives provide non-cash compensation such as stock options awards and/or stock appreciation rights, expense-paid trips, expense-paid education seminars and merchandise. The Company also pays AXA Distributors compensation to cover its operating expenses and marketing services under the terms of the Company's distribution agreements with AXA Distributors. DIFFERENTIAL COMPENSATION PAID BY AXA ADVISORS. In an effort to promote the sale of the Company's products, AXA Advisors may pay its financial professionals and managerial personnel a greater percentage of contribution-based compensation and/or asset-based compensation for the sale of the Company's Contract than it pays for the sale of a Contract or other financial product issued by a company other than the Company. This practice is known as providing "differential compensation." Differential compensation may involve other forms of compensation to AXA Advisors personnel. Certain components of the compensation paid to managerial personnel are based on whether the sales involve the Company's Contracts. Managers earn higher compensation (and credits toward awards and bonuses) if the financial professionals they manage sell a higher percentage of the Company's Contracts than products issued by other companies. Other forms of compensation provided to its financial professionals include health and retirement benefits, expense reimbursements, marketing allowances and contribution-based payments, known as "overrides." For tax reasons, AXA Advisors financial professionals qualify for health and retirement benefits based solely on their sales of the Company's Contracts and products sponsored by affiliates. The fact that AXA Advisors financial professionals receive differential compensation and additional payments may provide an incentive for those financial professionals to recommend the Company's Contract over a Contract or other financial product issued by a company not affiliated with the Company. However, under applicable rules of FINRA, AXA Advisors financial professionals may only recommend to you products that they reasonably believe are suitable for you based on the facts that you have disclosed as to your other security holdings, financial situation and needs. In making any recommendation, financial professionals of AXA Advisors may nonetheless face conflicts of interest because of the differences in compensation from one product category to another, and because of differences in compensation among products in the same category. For more information, contact your financial professional. ADDITIONAL PAYMENTS BY AXA DISTRIBUTORS TO SELLING BROKER-DEALERS. AXA Distributors may pay, out of its assets, certain Selling broker-dealers and other financial intermediaries additional compensation in recognition of services provided or expenses incurred. AXA Distributors may DISTRIBUTION OF THE CONTRACTS 38 also pay certain Selling broker-dealers or other financial intermediaries additional compensation for enhanced marketing opportunities and other services (commonly referred to as "marketing allowances"). Services for which such payments are made may include, but are not limited to, the preferred placement of the Company products on a company and/or product list; sales personnel training; product training; business reporting; technological support; due diligence and related costs; advertising, marketing and related services; conference; and/or other support services, including some that may benefit the Contract owner. Payments may be based on the aggregate account value attributable to Contracts sold through a Selling broker-dealer or such payments may be a fixed amount. AXA Distributors may also make fixed payments to Selling broker-dealers, for example in connection with the initiation of a new relationship or the introduction of a new product. Additionally, as an incentive for the financial professionals of Selling broker-dealers to promote the sale of the Company products, AXA Distributors may increase the sales compensation paid to the Selling broker-dealer for a period of time (commonly referred to as "compensation enhancements"). These additional payments may serve as an incentive for Selling broker-dealers to promote the sale of the Company Contracts over Contracts and other products issued by other companies. Not all Selling broker-dealers receive additional payments, and the payments vary among Selling broker-dealers. The list below includes the names of Selling broker-dealers that we are aware (as of December 31, 2010) received additional payments. These additional payments ranged from $127 to $3,689,426. The Company and its affiliates may also have additional business arrangements with Selling broker-dealers. For more information, ask your financial professional. 1st Global Capital Corporation Advantage Capital Corporation AG Edwards American General Securities Inc American Portfolios Financial Services Ameriprise Financial Services, Inc. Associated Securities Corp. Bank of America BBVA Compass Investment Solutions, Inc. CCO Investment Services Corp. Centaurus Financial, Inc. Colonial Brokerage, Inc. Comerica Securities Commonwealth Financial Network CUSO Financial Services, LP Essex National Securities Inc FFP Financial Network Investment Corporation First Allied Securities First Citizens Investor Services First Tennessee Brokerage, Inc. FSC Securities Corporation Geneos Wealth Management, Inc. H.D. Vest Investment Securities, Inc. Investment Centers of America/First Dakota Inc. IFC Holdings Inc. DBA Invest Financial Corporation Investment Professionals, Inc. Investors Capital Corporation Ironstone Securities, Inc J.P. Turner & Co. LLC James T. Borello & Co. Janney Montgomery Scott Key Investment Sevices, LLC Lincoln Financial Advisors Corporation Lincoln Financial Securities Corporation LPL Financial Corporation M&T Securities Merrill Lynch Life Agency MML Investors Services LLC Morgan Keegan Morgan Stanley Smith Barney - Morgan Stanley & Co., Incorporated Multi-Financial Securities Corporation National Planning Corporation Next Financial Group, Inc. NFP Securities, Inc. Pension Planners Securities Inc PNC Investments Prime Capital Services PrimeVest Financial Services, Inc. Oppenheimer & Co. Inc. Raymond James & Associates Inc Raymond James Financial Service RBC Capital Markets Corp. Robert W Baird Royal Alliance Associates Inc. RW Baird - Robert N. Baird & Co. Incorporated Sage Point Financial, Inc Securities America, Inc. SII Investments, Inc. Sorrento Pacific Financial LLC Stifel, Nicolaus & Co. Summit Brokerage Services, Inc Termed/Gunnallen Financial, Inc. Termed/Mutual Service Corporation Transamerica Financial Advisors, Inc. U.S Bancorp Investments, Inc. UBS Financial Services, Inc. United Planners' Financial Service of America UVEST Financial Services Group, Inc. Waterstone Financial Group, Inc. Wells Fargo Advisors Financial Network LLC Wells Fargo Advisors Wells Fargo Advisors, LLC Wells Fargo Investments, LLC Woodbury Financial Services, Inc. 39 DISTRIBUTION OF THE CONTRACTS 14. FEDERAL TAX STATUS -------------------------------------------------------------------------------- INTRODUCTION The Contract described in this prospectus is designed for use in connection with certain types of Qualified Plans and on a nonqualified basis. The ultimate effect of federal income taxes on o the value of the Contract's Fund Value, o annuity payments, o death benefit, and o economic benefit to the Owner, Annuitant, and the Beneficiary may depend upon o the type of retirement plan for which the Contract is purchased, and o the tax and employment status of the individual concerned. The following discussion of the treatment of the Contract and of the Company under the federal income tax laws is general in nature. The discussion is based on the Company's understanding of current federal income tax laws, and is not intended as tax advice. These federal income tax laws may change without notice. We cannot predict whether, when, or how these rules could change. Any change could affect contracts purchased before the change. Congress may also consider proposals in the future to comprehensively reform or overhaul the United States tax and retirement systems, which if enacted, could affect the tax benefits of a contract. We cannot predict what, if any legislation will actually be proposed or enacted. Any person considering the purchase of a contract or making additional Purchase Payments under this Contract should consult a qualified tax adviser. Additional information of the treatment of the Contract under federal income tax laws is contained in the Statement of Additional Information. THE COMPANY DOES NOT MAKE ANY GUARANTEE REGARDING ANY TAX STATUS, FEDERAL, STATE, OR LOCAL, OF ANY CONTRACT OR ANY TRANSACTION INVOLVING THE CONTRACT. TAXATION OF ANNUITIES IN GENERAL The Contract described in this prospectus is designed for use in connection with Qualified Plans and on a nonqualified basis. All or a portion of the contributions to such plans will be used to make Purchase Payments under the Contract. In general, contributions to Qualified Plans and income earned on contributions to all plans are tax-deferred until distributed to plan participants or their beneficiaries. Such tax deferral is not, however, available for Non-Qualified Contracts if the Owner is other than a natural person unless the Contract is held as an agent for a natural person. Annuity payments made under a contract are generally taxable to the Annuitant as ordinary income except to the extent of: o Participant after-tax contributions (in the case of Qualified Plans), or o Owner contributions (in the case of Non-Qualified Contracts). Owners, Annuitants, and Beneficiaries should seek advice from their own tax advisers about the tax consequences of distributions, withdrawals and payments under Non-Qualified Contracts and under any Qualified Plan in connection with which the Contract is purchased. For Qualified Contracts, among other things individuals should discuss with their tax advisors are the "required minimum distribution rules" which generally require distributions to be made after age 70-1/2 and after death, including requirements applicable to the calculation of such required distributions from annuity contracts funding Qualified Plans. Federal tax law imposes requirements for determining the amount includable in gross income with respect to distributions not received as an annuity. Distributions include, but are not limited to, transfers, including gratuitous transfers, and pledges of the contract both of which are treated the same as distributions. Distributions from all annuity contracts issued during any calendar year by the same company (or an affiliate) to the Owner (other than those issued to qualified retirement plans) in the same year will be treated as distributed from one annuity contract. The IRS is given power to prescribe additional rules to prevent avoidance of this rule through serial purchases of contracts or otherwise. None of these rules affects Qualified Plans. The Company will withhold and remit to the United States Government and, where applicable, to state and local governments, part of the taxable portion of each distribution made under a contract unless the Owner or Annuitant (1) provides his or her taxpayer identification number to the Company, and (2) notifies the Company that he or she chooses not to have amounts withheld. Distributions of plan benefits from qualified retirement plans, other than traditional individual retirement arrangements ("traditional IRAs"), generally will be subject to mandatory federal income tax withholding unless they are: (1) Part of a series of substantially equal periodic payments (at least annually) for (a) the participant's life or life expectancy, (b) the joint lives or life expectancies of the participant and his/ her beneficiary, (c) or a period certain of not less than 10 years; (2) Required minimum distributions; or (3) Qualifying hardship distributions. The withholding can be avoided if the participant's interest is directly rolled over by the old plan to another eligible retirement plan, including an IRA. A direct rollover transfer to the new plan can be made only in accordance with the terms of the old plan. The Company may be liable for payment of the generation skipping transfer tax under certain circumstances. In the event that the Company determines that such liability exists, an amount necessary to pay the generation skipping transfer tax may be subtracted from the death benefit proceeds. FEDERAL TAX STATUS 40 RETIREMENT PLANS Aside from Contracts purchased on a non-qualified basis the Contract described in this prospectus currently is designed for use with the following types of retirement plans: (1) Pension and Profit Sharing Plans established by business employers and certain associations, as permitted by Sections 401(a) and 401(k) of the Code, including those purchasers who would have been covered under the rules governing H.R. 10 (Keogh) Plans; (2) Individual Retirement Annuities permitted by Section 408(b) of the Code, including Simplified Employee Pensions established by employers pursuant to Section 408(k); (3) Roth IRAs permitted by Section 408A of the Code; and (4) Deferred compensation plans provided by certain governmental entities and tax-exempt organizations under Section 457. The tax rules applicable to participants in such retirement plans vary according to the type of plan and its terms and conditions. Therefore, no attempt is made here to provide more than general information about the use of the Contract with the various types of retirement plans. Participants in such plans as well as Owners, Annuitants, and Beneficiaries are cautioned that the rights of any person to any benefits under these plans are subject to the terms and conditions of the plans themselves, regardless of the terms and conditions of the Contract. The Company will provide purchasers of Contracts used in connection with Individual Retirement Annuities with such supplementary information as may be required by the Internal Revenue Service or other appropriate agency. Any person contemplating the purchase of a Contract should consult a qualified tax adviser. TAX TREATMENT OF THE COMPANY Under existing federal income tax laws, the income of MONY America Variable Account A, to the extent that it is applied to increase reserves under the Contract, is substantially nontaxable to the Company. 41 FEDERAL TAX STATUS 15. ADDITIONAL INFORMATION AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE -------------------------------------------------------------------------------- The Company's Annual Report on Form 10-K for the ~~period~~year ended December 31, ~~2010 (the "Annual Report") is considered to be part~~2023 and the consolidated financial statements and financial statement schedules of ~~this prospectus because it is~~Equitable Financial Life Insurance Company incorporated by reference. The Company files reports and other information with the SEC, as required by law. You may read and copy this information at the SEC's public reference facilities at Room 1580, 100 F Street, NE, Washington, DC 20549, or by accessing the SEC's website at www.sec.gov. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. Under the Securities Act of 1933, The Company has filed with the SEC a registration statement relating to the Guaranteed Interest Account with Market Value Adjustment (the "Registration Statement"). This prospectus has been filed as part of the Registration Statement and does not contain all of the information set forth in the Registration Statement. After the date of this prospectus and before we terminate the offering of the securities under the Registration Statement, all documents or reports we file with the SEC under the Securities Exchange Act of 1934 ("Exchange Act"), will be considered to become part of this prospectus because they are incorporated by reference. Any statement contained in a document that is or becomes part of this prospectus, will be considered changed or replaced for purposes of this prospectus if a statement contained in this ~~prospectus changes or is replaced. Any statement that is considered~~Prospectus by reference to ~~be a part of this prospectus because of its incorporation will be considered changed or replaced for~~ the purpose of this prospectus if a statement contained in any other subsequently filed document that is considered to be part of this prospectus changes or replaces that statement. After that, only the statement that is changed or replaced will be considered to be part of this prospectus. We file the Registration Statement and our Exchange Act documents and reports, including our Annual Report on Form 10-K for the year ended December 31, 2023 have been so incorporated in reliance on the report of , an independent registered public accounting firm, given on the authority of said firm as experts in auditing and ~~Quarterly Reports~~accounting.

~~Appendix I: Segment Interim Value~~

We calculate the Segment Interim Value for each Segment on ~~Form 10-Q, electronically according~~each business day, which is also a Segment Business Day, between the Segment Start Date and Segment Maturity Date. The calculation is based on a formula designed to ~~EDGAR~~measure the fair value of your Segment Investment on the particular interim date based on the downside protection provided by the Segment Buffer, the limit on participation in investment gain provided by the Performance Cap Rate, and an adjustment for the effect of a withdrawal or loan prior to the Segment Maturity Date. The formula we use, in part, derives the fair value of hypothetical investments in fixed instruments and derivatives (put and call options). These values provide us with protection from the risk that we will have to pay out account value related to a Segment prior to the Segment Maturity Date. The hypothetical put option provides us with a market value of the potential loss at Segment Maturity, and the hypothetical call options provide us with a market value of the potential gain at Segment Maturity. This formula provides a treatment for an early distribution that is designed to be consistent with how distributions at the end of a Segment are treated. We may hold such investments in relation to Segments but are not required to do so. You have no interest in the performance of any of our investments relating to Segments. The formula also includes an adjustment relating to the Cap Calculation Factor. This is a positive adjustment of the percentage of the estimated expenses corresponding to the portion of the Segment Duration that has not elapsed. Appendix I sets forth the actual calculation formula, an overview of the purposes and impacts of the calculation, and detailed descriptions of the specific inputs into the calculation. You should note, even if a corresponding Index has experienced positive growth, the calculation of your Segment Interim Value may result in an amount lower than your Segment Investment because of other market conditions, such as the volatility of index prices and interest rates. Finally, Appendix I includes examples of calculations of Segment Interim Values under ~~CIK No. 0000835357. The SEC maintains a website that contains reports, proxy and information statements,~~various hypothetical situations.

~~Calculation Formula~~

For contracts issued on or after June 24, 2024, subject to state and other ~~information regarding registrants~~necessary approvals (see “Performance Cap Rate limiting factor” in this Appendix for a table showing which contracts still use a Performance Cap Rate limiting factor), the Segment Interim Value calculation will no longer use a Performance Cap Rate limiting factor and, therefore, the Segment Interim Value is equal to the sum of the following three components: (1) Fair Value of Hypothetical Fixed Instruments; plus (2) Fair Value of Hypothetical Derivatives; plus (3) Cap Calculation Factor. For all other contracts, the Segment Interim Value is equal to the lesser of (A) or (B).

(A)	equals the sum of the following three components:

(1)

Fair Value of Hypothetical Fixed Instruments; plus

(2)

Fair Value of Hypothetical Derivatives; plus

(3)

Cap Calculation Factor.

(B)	equals the Segment Investment multiplied by (1 + the Performance Cap Rate limiting factor).

~~Overview of the Purposes and Impacts of the Calculation~~

Fair Value of Hypothetical Fixed Instruments. The Segment Interim Value formula includes an element designed to compensate us for the fact that ~~file electronically~~when we have to pay out account value related to a Segment before the Segment Maturity Date, we forgo the opportunity to earn interest on the Segment Investment from the date of withdrawal or surrender until the Segment Maturity Date. We accomplish this estimate by calculating the present value of the Segment Investment using a risk-free swap interest rate widely used in derivative markets.

Fair Value of Hypothetical Derivatives. We use hypothetical put and call options that are designated for each Segment to estimate the market value, at the time the Segment Interim Value is calculated, of the risk of loss and the possibility of gain at the end of the Segment. This calculation reflects the value of the downside protection that would be provided at maturity by the Segment Buffer as well as the upper limit that would be placed on gains at maturity due to the Performance Cap Rate. When valuing the Derivatives as part of the Segment Interim Value calculation, we use inputs that are consistent with market prices that reflect our estimated cost of exiting the Hypothetical Derivatives before Segment Maturity. See the “Fair Value of Hypothetical Derivatives” in “Detailed Descriptions of Specific Inputs to the Calculation”. Different inputs that reflect a higher estimated cost of exiting the hypothetical derivatives may be used for Segments in contracts that do not use a Performance Cap Rate limiting factor and, if they are, the fair value of hypothetical derivatives will be lower than if lower estimated costs of exiting were used. This means that the Segment Interim Value will also be lower. Our fair market value methodology, including the market standard model we use to calculate the fair value of the Hypothetical Derivatives for each particular Segment, may result in a fair value that is higher or lower than the fair value other methodologies and models would produce. Our fair value

~~I-1~~

may also be higher or lower than the actual market price of the identical derivatives. As a result, the Segment Interim Value you receive may be higher or lower than what other methodologies and models would produce. Please note that based on market conditions and other factors, including Segment Duration, the estimated cost of exiting hypothetical derivatives will likely vary between Segment Options, as well as, between individual Segments both with the ~~SEC.~~same Segment Start Date and with different Segment Start Dates. We periodically reevaluate our estimated exit costs and our underlying estimated exit costs methodology based on a number of factors, including past experience, and may prospectively adjust the estimated cost of exiting hypothetical derivatives up or down.

At the time the Segment Interim Value is determined, the Fair Value of Hypothetical Derivatives is calculated using the three different hypothetical options. These hypothetical options are designated for each Segment and are described in more detail later in this Appendix.

~~At-the-Money Call Option (strike price equals the index value at Segment inception). The ~~address~~potential for gain is estimated using the value of this hypothetical option.~~

Out-of-the-Money Call Option (strike price equals the index increased by the Performance Cap Rate established at Segment inception). The potential for gain in excess of the ~~site~~Performance Cap Rate is ~~www.sec.gov. Upon written~~estimated using the value of this hypothetical option.

The net amount of the At-the-Money Call Option less the value of the Out-of-the-Money Call Option is an estimate of the market value of the possibility of gain at the end of the Segment as limited by the Performance Cap Rate.

~~Out-of-the-Money Put Option (strike price equals the index decreased by the Segment Buffer). The risk of loss is estimated using the value of this hypothetical option.~~

It is important to note that this value will almost always reduce the principal you receive, even where the Index is higher at the time of the withdrawal than at the time of the original investment. This is because the risk that the Index could have been lower at the end of a Segment is present to some extent whether or ~~oral request,~~not the Index has increased at the earlier point in time that the Segment Interim Value is calculated.

Cap Calculation Factor. In setting the Performance Cap Rate, we take into account that we incur expenses in connection with a contract, including insurance and administrative expenses. The Segment Interim Value formula includes item (3) above, the Cap Calculation Factor, which is designed to reflect the fact that we will not incur those expenses for the entire duration of the Segment if you withdraw your investment prior to the Segment Maturity Date. Therefore, the Cap Calculation Factor is always positive and declines during the course of the Segment.

Performance Cap Rate limiting factor. For contracts issued on or after June 24, 2024, subject to state and other necessary approvals (see “Appendix: State contract availability and/or variations of certain features and benefits” showing which contracts still use a Performance Cap Rate limiting factor), the Segment Interim Value calculation will no longer use a Performance Cap Rate limiting factor. For contracts that do use a Performance Cap Rate limiting factor, the Segment Interim Value is never greater than the Segment Investment multiplied by (1 + the Performance Cap Rate limiting factor). Generally, the Performance Cap Rate limiting factor is based on the portion of the Performance Cap Rate corresponding to the portion of the Segment Duration that has elapsed. This limitation is imposed to discourage owners from withdrawing from a Segment before the Segment Maturity Date where there may have been significant increases in the relevant Index early in the Segment Duration. Although the Performance Cap Rate limiting factor pro-rates the upside potential on amounts withdrawn early, there is no similar adjustment to pro-rate the downside protection. This means, if you surrender or cancel your contract, die or make a withdrawal or take a loan from a Segment before the Segment Maturity Date, the Segment Buffer will not necessarily apply to the extent it would on the Segment Maturity Date, and any upside performance will be limited to a percentage lower than the Performance Cap Rate, which may result in a lower Segment Interim Value.


Jurisdiction		For EQUI-VEST Series 201 contracts only, with issue dates on or after this date will not use a Performance Cap Rate limiting factor in the Segment Interim Value calculation

Arizona, Arkansas, Colorado, Delaware, Georgia, Hawaii, Iowa, Kansas, Michigan, Montana, West Virginia, and Wyoming		June 24, 2024

~~Detailed Descriptions of Specific Inputs to the Calculation~~

(A)(1) Fair Value of Hypothetical Fixed Instruments. The Fair Value of Hypothetical Fixed Instruments in a Segment is based on the swap rate associated with the Segment’s remaining time to maturity. Swap rates are the risk-free interest rates widely used

~~I-2~~

in derivative markets. There is no standard quote for swap rates. However, because of their high liquidity and popularity, swap rate quotes from different dealers generally fall within a close range, the differences among which are not meaningful. Swap rates can be obtained from inter-dealer systems or financial data vendors who have feeds from swap dealers. For example, “Bloomberg Composite” swap rates are the weighted average of swap rates provided by a number of dealers to Bloomberg. Individual dealers and brokers also publish swap rates of their own on Bloomberg or Reuters. We may, in the future, utilize exchange traded swaps that become available. These exchange traded swaps would have a standard quote associated with them. The Fair Value of Hypothetical Fixed Instruments is defined as its present value, as expressed in the following formula:

~~(Segment Investment)/(1 + swap rate)^{(time to maturity)}~~

The time to maturity is expressed as a fraction, in which the numerator is the number of days remaining in the Segment Duration and the denominator is the average number of days in each year of the Segment Duration for that Segment.

~~(A)(2) Fair Value of Hypothetical Derivatives. We utilize a fair market value methodology to determine the Fair Value of Hypothetical Derivatives.~~

For each Segment, we designate and value three hypothetical options, each of which is tied to the performance of the Index underlying the Segment in which you are invested: (1) the At-the-Money Call Option, (2) the Out-of-the-Money Call Option and (3) the Out-of-the-Money Put Option. At Segment Maturity, the Put Option is designed to value the loss below the buffer, while the call options are designed to provide ~~free~~gains up to the Performance Cap Rate. These options are described in more detail below.

In a put option on an index, the seller will pay the buyer, at the maturity of the option, the difference between the strike price — which was set at issue — and the underlying index closing price, in the event that the closing price is below the strike price. In a call option on an index, the seller will pay the buyer, at the maturity of the option, the difference between the underlying index closing price and the strike price, in the event that the closing price is above the strike price. Generally, a put option has an inverse relationship with its underlying Index, while a call option has a direct relationship. In addition to the inputs discussed above, the Fair Value of Hypothetical Derivatives is also affected by the time remaining until the Segment Maturity Date. More information about the three designated options is set forth below:

(1)

At-the-Money Call Option: This is an option to buy a position in the relevant Index equal to the Segment Investment on the scheduled Segment Maturity Date, at the price of the Index on the Segment Start Date. At any time during the Segment Duration, the fair value of the At-the-Money Call Option represents the market value of the potential to receive an amount in excess of the Segment Investment on the Segment Maturity Date equal to the percentage growth in the Index between the Segment Start Date and the Segment Maturity Date, multiplied by the Segment Investment.

(2)

Out-of-the-Money Call Option: This is an option to buy a position in the relevant Index equal to the Segment Investment on the scheduled Segment Maturity Date, at the price of the Index on the Segment Start Date increased by a percentage equal to the Performance Cap Rate. At any time during the Segment Duration, the fair value of the Out-of-the-Money Call Option represents the market value of the potential to receive an amount in excess of the Segment Investment equal to the percentage growth in the Index between the Segment Start Date and the Segment Maturity Date in excess of the Performance Cap Rate, multiplied by the Segment Investment. The value of this option is used to offset the value of the At-the-Money Call Option, thus recognizing in the Interim Segment Value a ceiling on gains at Segment Maturity imposed by the Performance Cap Rate.

(3)

Out-of-the-Money Put Option: This is an option to sell a position in the relevant Index equal to the Segment Investment on the scheduled Segment Maturity Date, at the price of the Index on the Segment Start Date decreased by a percentage equal to the Segment Buffer. At any time during the Segment Duration, the fair value of the Out-of-the-Money Put Option represents the market value of the potential to receive an amount equal to the excess of the negative return of the Index between the Segment Start Date and the Segment Maturity Date beyond the Segment Buffer, multiplied by the Segment Investment. The value of this option reduces the Interim Segment Value, as it reflects losses that may be incurred in excess of the Segment Buffer at Segment Maturity.

~~The Fair Value of Hypothetical Derivatives is equal to (1) minus (2) minus (3), as defined above.~~

We determine the fair value of each of the three designated hypothetical options using a market standard model for valuing a European option on the Index, assuming a continuous dividend yield or net convenience value, with inputs that are consistent with market prices that reflect the estimated cost of exiting the Hypothetical Derivatives prior to Segment Maturity. If we did not take into account our estimated exit price, your Segment Interim Value would be greater. For Segments in contracts without a Performance Cap Rate limiting factor, we may use different inputs that reflect a higher estimated cost of exiting Hypothetical Derivatives and, the fair value of Hypothetical Derivatives will be lower for those Segments than if we didn’t use a higher estimated cost of exiting. In addition, the estimated fair value price used in the Segment Interim Value calculation may vary higher

~~I-3~~

or lower from other estimated prices and from what the actual selling price of identical derivatives would be at any time during each Segment. If our estimated fair value price is lower than the price under other fair market estimates or for actual transactions, then your Segment Interim Value will be less than if we used those other prices when calculating your Segment Interim Value. Any variance between our estimated fair value price and other estimated or actual prices may be different from Segment Type to Segment Type and may also change from day to day. Each hypothetical option has a notional value on the Segment Start Date equal to the Segment Investment on that date. The notional value is the price of the underlying Index at the inception of the contract. In the event that a number of options, or a fractional number of options was purchased, the notional value would be the number of hypothetical options multiplied by the price of the Index at inception.

~~For Securities Indices, we use the following inputs:~~

(1)

Implied Volatility of the Index — This input varies with (i) how much time remains until the Segment Maturity Date of the Segment, which is determined by using an expiration date for the designated option that corresponds to that time remaining and (ii) the relationship between the strike price of that option and the level of the Index at the time of the calculation.

This relationship is referred to as the “moneyness” of the option described above, and is calculated as the ratio of current price to the strike price. Direct market data for these inputs for any given early distribution are generally not available, because options on the Index that actually trade in the market have specific maturity dates and moneyness values that are unlikely to correspond precisely to the Segment Maturity Date and moneyness of the designated option that we use for purposes of the calculation.

Accordingly, we use the following method to estimate the implied volatility of the Index. We use daily quotes of implied volatility from independent third-party financial institutions using the same Black Scholes model described above and based on the market prices for certain options. Specifically, implied volatility quotes are obtained for options with the closest maturities above and below the actual time remaining in the Segment at the time of the calculation and, for each maturity, for those options having the closest moneyness value above and below the actual moneyness of the designated option, given the level of the Index at the time of the calculation. In calculating the Segment Interim Value, we will derive a volatility input for your Segment’s time to maturity and strike price by linearly interpolating between the implied volatility quotes that are based on the actual adjacent maturities and moneyness values described above, as follows:

(a)

We first determine the implied volatility of an option that has the same moneyness as the designated option but with the closest available time to maturity shorter than your Segment’s remaining time to maturity. This volatility is derived by linearly interpolating between the implied volatilities of options having the times to maturity that are above and below the moneyness value of the hypothetical option.

(b)

We then determine the implied volatility of an option that has the same moneyness as the designated option but with the closest available time to maturity longer than your Segment’s remaining time to maturity. This volatility is derived by linearly interpolating between the implied volatilities of options having the times to maturity that are above and below the moneyness value of the designated option.

(c)

The volatility input for your Segment’s time to maturity will then be determined by linearly interpolating between the volatilities derived in steps (a) and (b).

(2)

Swap Rate — We use key derivative swap rates obtained from information provided by independent third-party financial institutions which are recognized financial reporting vendors. Swap rates are obtained for maturities adjacent to the actual time remaining in the Segment at the time of the early distribution. We use linear interpolation to derive the exact remaining duration rate needed as the input.

(3)

Index Dividend Yield — On a daily basis, we use the projected annual dividend yield across the entire Index obtained from information provided by independent third-party financial institutions. This value is a widely used assumption and is readily available from recognized financial reporting vendors.

For Commodities Indices, we use the first two inputs listed above (Implied Volatility of the Index and Swap Rate), but for the third input, instead of using the Index Dividend Yield, we use the Net Convenience Value. This approach is based on standard option pricing methodology, which recognizes that commodities do not pay dividends. Instead, Net Convenience Value represents the market’s valuation of the yield of two offsetting factors: (1) the fact that the option does not give the holder the benefit of the ability to use the commodity itself (much like a security option does not give the holder the right to receive dividends); and (2) the fact that the holder is not burdened with the obligation to store the commodity.

(3)

Net Convenience Value — On a daily basis, we calculate the net convenience value for the commodity underlying the Index. The net convenience value for a commodity equals the spot price minus the present value of the futures price (with the present value based on the Swap Rate). We use the spot prices and futures prices obtained from information provided by independent third-party financial institutions which are recognized financial reporting vendors. The price differences among recognized financial reporting vendors are not meaningful to the calculation of the Segment Interim Value.

~~I-4~~

Generally, a put option has an inverse relationship with its underlying Index, while a call option has a direct relationship. In addition to the inputs discussed above, the Fair Value of Derivatives is also affected by the time to the Segment Maturity Date.

(A)(3) Cap Calculation Factor. In setting the Performance Cap Rate, we take into account that we incur expenses in connection with a contract, including insurance and administrative expenses. In particular, if there were no such expenses, the Performance Cap Rate might have been greater. In setting the Performance Rate Cap, we currently estimate annual expenses at approximately 1.80% of the Segment Investment. This calculation includes not only expenses, but an element of profit as well. We may use a lower estimate, which would provide a higher Performance Cap Rate, all other factors being equal. We reserve the right to use a higher estimate in the future, but we would do so only after revising this Appendix to provide notice of the higher estimate. If you withdraw your investment prior to the Segment Maturity Date, we will not incur expenses for the entire duration of the Segment. Therefore, if you withdraw your investment prior to the Segment Maturity Date, we provide a positive adjustment as part of the calculation of Segment Interim Value, which we call the Cap Calculation Factor. The Cap Calculation Factor represents a return of estimated expenses for the portion of the Segment Duration that has not elapsed. For example, if the estimated expenses for a one year Segment are calculated by us to be $10, then at the end of 146 days (with 219 days remaining in the Segment), the Cap Calculation Factor would be $6, because $10 x 219/365 (60%) = $6. The Cap Calculation Factor is not used at the time we calculate your Segment Maturity Value. Instead, for any Segment held to its Segment Maturity Date, the values are provided by the contractual guarantees based on Index performance as adjusted by the Performance Cap Rate and the Segment Buffer. A Segment is not a variable investment option with an underlying portfolio, and therefore the percentages we use in setting the performance caps do not reflect a daily charge against assets held on your behalf in a separate account.

(B) Performance Cap Ratelimiting factor. As discussed above, not all contracts use a Performance Cap Rate limiting factor. For those that do, the Performance Cap Rate limiting factor is generally equal to the pro rata portion of the Performance Cap Rate as described herein. In setting the Performance Cap Rate, we assume that you are going to hold the Segment for the entire Segment Duration. If you hold a Segment until its Segment Maturity Date, the Segment Return will be calculated subject to the Performance Cap Rate. Prior to the Segment Maturity Date, your Segment Interim Value will be limited by the portion of the Performance Cap Rate corresponding to the portion of the Segment Duration that has elapsed. For example, if the Performance Cap Rate for a one-year Segment is 10%, then at the end of 146 days, the Pro Rata Share of the Performance Cap Rate would be 4%, because 10% x 146/365 = 4%; as a result, the Segment Interim Value at the end of the 146 days could not exceed 104% of the Segment Investment.

~~Examples~~

On the following pages are hypothetical examples of how the Segment Interim Value would be calculated for three different Segments. On the first page, Segments 1, 2 and 3 all have the same Index and Segment Start Date, but have different Segment Durations. The Segments are each ~~person~~shown on the same date, approximately 8¹⁄₂ months after the Segment Start Date. On the second page, Segments 2 and 3 are valued again, but this time on later dates, with approximately 3¹⁄₂ months remaining until their respective Segment Maturity Dates. On the third page, Segments 1, 2 and 3 all have the same Index and Segment Start Date, but have different Segment Durations. The Segments are each shown making a partial withdrawal on the same date, approximately 8¹⁄₂ months after the Segment Start Date.

~~I-5~~

~~Example of Segment Interim Value~~

Item    1-Year Segment    3-Year Segment    5-Year Segment
Segment Duration (in months)
   12    36    60
Valuation Date (Months since Segment Start Date)
   8.5    8.5    8.5
Segment Investment
   $1,000    $1,000    $1,000
Segment Buffer
   -10%    -20%    -20%
Performance Cap Rate
   11%    19%    45%
Time to Maturity

(in months)
   3.5    27.5    51.5
(in years)
   0.288    2.290    4.290
Assuming the change in the Index Value is -40% (for example from 100.00 to ~~whom~~60.00)
Fair Value of Hypothetical Fixed Instrument
   999.24    971.31    905.58
Fair Value of Hypothetical Derivatives
   (303.20)    (224.50)    (207.39)
Cap Calculation Factor
   5.19    41.22    77.23
Sum of Above
   701.23    788.03    775.41
Segment Investment Multiplied by prorated Performance Cap Rate
   1,078.27    1,044.98    1,063.86
Segment Interim Value
   701.23    788.03    775.41
Assuming the change in the Index Value is -10% (for example from 100.00 to 90.00)
Fair Value of Hypothetical Fixed Instrument
   999.24    971.31    905.58
Fair Value of Hypothetical Derivatives
   (37.47)    (38.30)    (19.42)
Cap Calculation Factor
   5.19    41.22    77.23
Sum of Above
   966.97    974.22    963.38
Segment Investment Multiplied by prorated Performance Cap Rate
   1,078.27    1,044.98    1,063.86
Segment Interim Value
   966.97    974.22    963.38
Assuming the change in the Index Value is 0% (for example from 100.00 to 100.00)
Fair Value of Hypothetical Fixed Instrument
   999.24    971.31    905.58
Fair Value of Hypothetical Derivatives
   18.79    5.30    31.79
Cap Calculation Factor
   5.19    41.22    77.23
Sum of Above
   1,023.22    1,017.83    1,014.60
Segment Investment Multiplied by prorated Performance Cap Rate
   1,078.27    1,044.98    1,063.86
Segment Interim Value
   1,023.22    1,017.83    1,014.60
Assuming the change in the Index Value is +10% (for example from 100.00 to 110.00)
Fair Value of Hypothetical Fixed Instrument
   999.24    971.31    905.58
Fair Value of Hypothetical Derivatives
   61.19    41.44    77.81
Cap Calculation Factor
   5.19    41.22    77.23
Sum of Above
   1,065.63    1,053.96    1,060.62
Segment Investment Multiplied by prorated Performance Cap Rate
   1,078.27    1,044.98    1,063.86
Segment Interim Value
   1,065.63    1,044.98    1,060.62
Assuming the change in the Index Value is +40% (for example from 100.00 to 140.00)
Fair Value of Hypothetical Fixed Instrument
   999.24    971.31    905.58
Fair Value of Hypothetical Derivatives
   107.43    114.66    187.87
Cap Calculation Factor
   5.19    41.22    77.23
Sum of Above
   1,111.87    1,127.19    1,170.68
Segment Investment Multiplied by prorated Performance Cap Rate
   1,078.27    1,044.98    1,063.86
Segment Interim Value
   1,078.27    1,044.98    1,063.86
The input values to the Black Scholes model that have been utilized to generate the hypothetical examples above are as follows:
(1)
Implied volatility of 23.4%, 23.6% and 23.4% is assumed for 1-year, 3-year and 5-year segments, respectively.
(2)
Swap rate corresponding to remainder of segment term is 0.26% (1-year), 1.27% (3-year) and 2.31% (5-year) annually.
(3)
Index dividend yield-1.95% annually.
(4)
Bid-Ask Spread is 10bps (1-year), 15bps (3-year) and 30bps (5-year).
I-6
Example of Segment Interim Value

Item    3-Year Segment    5-Year Segment
Segment Duration (in months)
   36    60
Valuation Date (Months since Segment Start Date)
   32.5    56.5
Segment Investment
   $1,000    $1,000
Segment Buffer
   -20%    -20%
Performance Cap Rate
   19%    45%
Time to Maturity

(in months)
   3.5    3.5
(in years)
   0.288    0.288
Assuming the change in the Index Value is -40% (for example from 100.00 to 60.00)
Fair Value of Hypothetical Fixed Instrument
   999.25    999.25
Fair Value of Hypothetical Derivatives
   (203.82)    (204.55)
Cap Calculation Factor
   5.18    5.18
Sum of Above
   800.61    799.88
Segment Investment Multiplied by prorated

Performance Cap Rate
   1,171.76    1,424.11
Segment Interim Value
   800.61    799.88
Assuming the change in the Index Value is -10% (for example from 100.00 to 90.00)
Fair Value of Hypothetical Fixed Instrument
   999.25    999.25
Fair Value of Hypothetical Derivatives
   0.46    0.23
Cap Calculation Factor
   5.18    5.18
Sum of Above
   1,004.89    1,004.66
Segment Investment Multiplied by prorated

Performance Cap Rate
   1,171.76    1,424.11
Segment Interim Value
   1,004.89    1,004.66
Assuming the change in the Index Value is +10% (for example from 100.00 to 110.00)
Fair Value of Hypothetical Fixed Instrument
   999.25    999.25
Fair Value of Hypothetical Derivatives
   89.97    110.25
Cap Calculation Factor
   5.18    5.18
Sum of Above
   1,094.40    1,114.68
Segment Investment Multiplied by prorated

Performance Cap Rate
   1,171.76    1,424.11
Segment Interim Value
   1,094.40    1,114.68
Assuming the change in the Index Value is +40% (for example from 100.00 to 140.00)
Fair Value of Hypothetical Fixed Instrument
   999.25    999.25
Fair Value of Hypothetical Derivatives
   181.03    345.32
Cap Calculation Factor
   5.18    5.18
Sum of Above
   1,185.46    1,349.75
Segment Investment Multiplied by prorated

Performance Cap Rate
   1,171.76    1,424.11
Segment Interim Value
   1,171.76    1,349.75
I-7
Example of Partial Withdrawal

Item    1-Year Segment    3-Year Segment    5-Year Segment
Segment Duration (in months)
   12    36    60
Valuation Date (Months since Segment Start Date
   8.5    8.5    8.5
Segment Investment
   $1,000    $1,000    $1,000
Segment Buffer
   -10%    -20%    -20%
Performance Cap Rate
   11%    19%    45%
Time to Maturity

(in month)
   3.5    27.5    51.5
(in year)
   0.288    2.290    4.290
Amount Withdrawn
   $100    $100    $100
Assuming the change in the Index Value is -40% (for example from 100.00 to 60.00)
Segment Interim Value
   701.23    788.03    775.41
Percent Withdrawn
   14.26%    12.69%    12.90%
New Segment Investment
   $857.39    $873.10    $871.04
New Segment Interim Value
   $601.23    $688.03    $675.41
Assuming the change in the Index Value is -10% (for example from 100.00 to 90.00)
Segment Interim Value
   966.97    974.22    963.38
Percent Withdrawn
   10.34%    10.26%    9.43%
New Segment Investment
   $896.58    $897.35    $905.72
New Segment Interim Value
   $866.97    $874.22    $960.62
Assuming the change in the Index Value is +10% (for example from 100.00 to 110.00)
Segment Interim Value
   1,065.63    1,044.98    1,060.62
Percent Withdrawn
   9.38%    9.57%    9.43%
New Segment Investment
   $906.16    $904.30    $905.72
New Segment Interim Value
   $965.63    $944.98    $960.62
Assuming the change in the Index Value is +40% (for example from 100.00 to 140.00)
Segment Interim Value
   1,078.27    1,044.98    1,063.86
Percent Withdrawn
   9.27%    9.57%    9.40%
New Segment Investment
   $907.26    $904.30    $906.00
New Segment Interim Value
   $978.27    $944.98    $963.86
Definitions:
(1)
Amount withdrawal is net of applicable withdrawal charge
(2)
Percent Withdrawn is equal to Amount Withdrawn divided by Segment Interim Value
(3)
New Segment Investment is equal to the original Segment Investment ($1,000) multiplied by [1 – Percent Withdrawn]
(4)
New Segment Interim Value is equal to the calculated Segment Interim Value based on the new Segment Investment. It will also be equal to the Segment Interim Value multiplied by [1 – Percent Withdrawn]
I-8
Appendix II: Index Publishers
The Structured Investment Option tracks a certain Securities Index that is published by a third party. The Company uses this ~~prospectus~~Securities Index under license from the Index’s respective publisher. The following information about the Index is ~~delivered,~~included in this Prospectus in accordance with the Company’s license agreements with the publisher of the Index:
Standard & Poor’s requires that the following disclaimer be included in this Prospectus:
The Structured Investment Option, is not sponsored, endorsed, sold or promoted by Standard & Poor’s (“S&P”) or its third party licensors. Neither S&P nor its third party licensors makes any representation or warranty, express or implied, to the owners of the Structured Investment Option or any member of the public regarding the advisability of investing in securities generally or in the Structured Investment Option, particularly or the ability of the S&P 500 Price Return Index (the “Index”) to track general stock market performance. S&P’s and its third party licensor’s only relationship to the Company is the licensing of certain trademarks and trade names of S&P and the third party licensors and of the Index which is determined, composed and calculated by S&P or its third party licensors without regard to the Company or the Structured Investment Option. S&P and its third party licensors have no obligation to take the needs of the Company or the owners of the Structured Investment Option into consideration in determining, composing or calculating the Index. Neither S&P nor its third party licensors is responsible for and has not participated in the determination of the prices and amount of the Structured Investment Option or the timing of the issuance or sale of the Structured Investment Option or in the determination or calculation of the equation by which the Structured Investment Option is to be converted into cash. S&P has no obligation or liability in connection with the administration, marketing or trading of the Structured Investment Option.
NEITHER S&P, ITS AFFILIATES NOR THEIR THIRD PARTY LICENSORS GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN OR ANY COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATIONS (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P, ITS AFFILIATES AND THEIR THIRD PARTY LICENSORS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS THEREIN. S&P MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE MARKS, THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P, ITS AFFILIATES OR THEIR THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE.
The name “S&P 500 Price Return Index” is a ~~copy~~trademark of Standard & Poor’s and has been licensed for use by the Company.
Frank Russell Company requires that the following disclosure be included in this Prospectus:
The Structured Investment Option is not sponsored, endorsed, sold or promoted by Frank Russell Company (“Russell”). Russell makes no representation or warranty, express or implied, to the owners of the Structured Investment Option or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the Russell 2000^® Price Return Index to track general stock market performance or a segment of the same. Russell’s publication of the Russell 2000^® Price Return Index in no way suggests or implies an opinion by Russell as to the advisability of investment in any or all of the ~~documents considered~~securities upon which the Russell 2000^® Price Return Index is based. Russell’s only relationship to the Company is the licensing of certain trademarks and trade names of Russell and of the Russell 2000^® Price Return Index which is determined, composed and calculated by Russell without regard to the Company or the Structured Investment Option. Russell is not responsible for and has not reviewed the Structured Investment Option nor any associated literature or publications and Russell makes no representation or warranty express or implied as to their accuracy or completeness, or otherwise. Russell reserves the right, at any time and without notice, to alter, amend, terminate or in any way change the Structured Investment Option. Russell has no obligation or liability in connection with the administration, marketing or trading of the Structured Investment Option.
RUSSELL DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE RUSSELL 2000^® PRICE RETURN INDEX OR ANY DATA INCLUDED THEREIN AND RUSSELL SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. RUSSELL MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE COMPANY, INVESTORS, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE RUSSELL 2000^® PRICE RETURN INDEX OR ANY DATA INCLUDED THEREIN. RUSSELL MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE RUSSELL 2000^® PRICE RETURN INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING
II-1
ANY OF THE FOREGOING, IN NO EVENT SHALL RUSSELL HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
MSCI Inc. requires that the following disclosure be ~~part~~included in this Prospectus:
THIS PRODUCT IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MSCI INC. (“MSCI”), ANY OF ITS AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED IN, OR RELATED TO, COMPILING, COMPUTING OR CREATING ANY MSCI INDEX (COLLECTIVELY, THE “MSCI PARTIES”). THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY THE COMPANY. NONE OF THE MSCI PARTIES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY REGARDING THE ADVISABILITY OF INVESTING IN PRODUCTS GENERALLY OR IN THIS PRODUCT PARTICULARLY OR THE ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE NAMES AND OF THE MSCI INDEXES WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY MSCI WITHOUT REGARD TO THIS PRODUCT OR THE ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY. NONE OF THE MSCI PARTIES HAS ANY OBLIGATION TO TAKE THE NEEDS OF THE ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE MSCI INDEXES. NONE OF THE MSCI PARTIES IS RESPONSIBLE FOR OR HAS PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF THIS PRODUCT TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY OR THE CONSIDERATION INTO WHICH THIS PRODUCT IS REDEEMABLE. FURTHER, NONE OF THE MSCI PARTIES HAS ANY OBLIGATION OR LIABILITY TO THE ISSUER OR OWNERS OF THIS PRODUCT OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR OFFERING OF THIS PRODUCT. ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE MSCI INDEXES FROM SOURCES THAT MSCI CONSIDERS RELIABLE, NONE OF THE MSCI PARTIES WARRANTS OR GUARANTEES THE ORIGINALITY, ACCURACY AND/OR THE COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER OF THE PRODUCT, OWNERS OF THE PRODUCT, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE OF THE MSCI PARTIES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND, AND THE MSCI PARTIES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO EACH MSCI INDEX AND ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. No purchaser, seller or holder of this ~~prospectus because they~~product, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this security without first contacting MSCI to determine whether MSCI’s permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI.
II-2
Appendix III: Segment Maturity Date and Segment Start Date examples
The Segment Maturity Date for Segments maturing in a given month and the Segment Start Date for new Segments starting in that same month will always be scheduled to occur on the first two consecutive business days that are ~~incorporated herein. In accordance with SEC rules, we will provide copies~~also Segment Business Days occurring after the 13th of ~~any exhibits specifically incorporated by reference into~~a month. However, as described earlier in this Prospectus, the ~~text~~Segment Maturity Date and Segment Start Date may sometimes occur on later dates.
Set forth below are representative examples of how the Segment Maturity Date and Segment Start Date may be moved to a later date in a given month due to weekends and holidays, which are not Segment Business Days.
The first table below assumes that the 14th and/or 15th of the ~~Exchange Act reports (but~~month falls on a weekend, and the following Monday and Tuesday are both Segment Business Days:
If the 14th is a:
then the Segment
Maturity Date is:
and the Segment
Start Date is:
Friday Friday the 14th Monday the 17th
Saturday Monday the 16th Tuesday the 17th
Sunday Monday the 15th Tuesday the 16th
The second table below assumes that the 14th or 15th of the month falls on a scheduled holiday and therefore, is not ~~any other exhibits). Requests for documents should be directed to MONY~~a Segment Business Day:
If a scheduled holiday
falls on:
then the Segment
Maturity Date is:
and the Segment
Start Date is:
Monday the 14th Tuesday the 15th Wednesday the 16th
Friday the 15th Monday the 18th Tuesday the 19th
III-1
Appendix: State contract availability and/or variations of certain features and benefits
States where certain EQUI-VEST^® features and/or benefits are not available or vary:
State Features and benefits Availability or variation
Florida See “Segment Participation Requirements” in “Segment Investment Option” under “Description of the Structured Investment Option” For EQUI-VEST^® Series 201 contracts, the Specified Minimum Amount that must be accumulated in the Segment Holding Account before it can be swept into a 1-year Segment is $1,000.
New Hampshire See “Segment Type” in “Segment Investment Option” under “Description of the Structured Investment Option” 3-year and 5-year Segments are not available.
See “Segment Participation Requirements” in “Segment Investment Option” under “Description of the Structured Investment Option” For EQUI-VEST^® Series 201 contracts, the Specified Minimum Amount that must be accumulated in the Segment Holding Account before it can be swept into a 1-year Segment is $1,000.
New York See “What is the Structured Investment Option?” For EQUI-VEST Series 201 and Series 901 contracts issued or after June 24, 2024, the Structured Investment Option will be available.
IV-1
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
ITEM OF EXPENSE
   ESTIMATED
EXPENSE
Registration fees
   $
Federal taxes
   N/A
State taxes and fees (based on 50 state average)
   N/A
Trustees’ fees
   N/A
Transfer agents’ fees
   N/A
Printing and filing fees
   $ 50,000 *
Legal fees
   N/A
Accounting fees
   N/A
Audit fees
   $ 20,000 *
Engineering fees
   N/A
Directors’ and officers’ insurance premium paid by Registrant
   N/A
*
Estimated expense.
ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The By-Laws of Equitable Financial Life Insurance Company of America 1290 Avenue of the Americas, New York, New York 10104. Attention: Corporate Secretary (telephone: (212) 554-1234). You can access our website at www.axa-equitable.com. ADDITIONAL INFORMATION AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 42 16. LEGAL PROCEEDINGS -------------------------------------------------------------------------------- MONY Life Insurance Company of America and its affiliates are parties to various legal proceedings. In our view, none of these proceedings would be considered material with respect to an Owner's interest in MONY America Variable Account A, nor would any of these proceedings be likely to have a material adverse effect upon MONY America Variable Account A, our ability to meet our obligations under the contracts, or the distribution of the contracts. 43 LEGAL PROCEEDINGS 17. FINANCIAL STATEMENTS -------------------------------------------------------------------------------- The audited financial statements of MONY America Variable Account A and the Company are set forth in the Statement of Additional Information. These financial statements have been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm. The financial statements of the Company should be considered only as bearing upon the ability of the Company to meet its obligations under the Contracts. You should not consider the financial statements of the Company as affecting investment performance of assets in the Variable Account. PricewaterhouseCoopers LLP also provides independent audit services and certain other non-audit services to the Company as permitted by the applicable SEC independence rules, and as disclosed in the Company's Form 10-K. PricewaterhouseCoopers LLP's address is 300 Madison Avenue, New York, New York 10017. ABOUT THE GENERAL ACCOUNT This Contract was offered to customers through various financial institutions, brokerage firms and their affiliate insurance agencies. No financial institution, brokerage firm or insurance agency has any liability with respect to a Contract's account value or any guaranteed benefits with which the Contract was issued. The Company is solely responsible to the Contract owner for the Contract's account value and such guaranteed benefits. The general obligations and any guaranteed benefits under the contract are supported by the Company's general account and are subject to the Company's claims paying ability. An owner should look to the financial strength of the Company for its claims-paying ability. Assets in the general account are not segregated for the exclusive benefit of any particular Contract or obligation. General account assets are also available to the insurer's general creditors and the conduct of its routine business activities, such as the payment of salaries, rent and other ordinary business expenses. For more information about the Company's financial strength, you may review its financial statements and/or check its current rating with one or more of the independent sources that rate insurance companies for their financial strength and stability. Such ratings are subject to change and have no bearing on the performance of the variable investment options. You may also speak with your financial representative. The general account is subject to regulation and supervision by the Insurance Department of the State of Arizona and to the insurance laws and regulations of all jurisdictions where we are authorized to do business. Interests under the contracts in the general account have not been registered and are not required to be registered under the Securities Act of 1933 because of exemptions and exclusionary provisions that apply. The general account is not required to register as an investment company under the Investment Company Act of 1940 and it is not registered as an investment company under the Investment Company Act of 1940. The contract is a "covered security" under the federal securities laws. We have been advised that the staff of the SEC has not reviewed the portions of this Prospectus that relate to the general account. The disclosure with regard to the general account, however, may be subject to certain provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses. FINANCIAL STATEMENTS 44 Appendix I: Condensed financial information -------------------------------------------------------------------------------- MONY LIFE INSURANCE COMPANY OF AMERICA MONY AMERICA VARIABLE ACCOUNT A ACCUMULATION UNIT VALUES
UNIT VALUE ---------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, SUBACCOUNT 2010 2009 2008 2007 ----------------------------------------------------------------------------------------------------------- All Asset Allocation $10.57 $9.32 $7.49 $10.90 ----------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation 8.41 7.54 6.00 10.01 ----------------------------------------------------------------------------------------------------------- AXA Conservative Allocation 10.41 9.84 9.08 10.34 ----------------------------------------------------------------------------------------------------------- AXA Conservative-Plus Allocation 9.86 9.16 8.11 10.21 ----------------------------------------------------------------------------------------------------------- AXA Moderate Allocation 9.52 8.78 7.60 10.20 ----------------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation 9.03 8.20 6.82 10.13 ----------------------------------------------------------------------------------------------------------- Dreyfus Stock Index 9.38 8.27 6.64 10.69 ----------------------------------------------------------------------------------------------------------- EQ/BlackRock Basic Value Equity 10.86 9.81 7.63 12.19 ----------------------------------------------------------------------------------------------------------- EQ/Boston Advisors Equity Income 12.46 10.92 9.92 14.85 ----------------------------------------------------------------------------------------------------------- EQ/Calvert Socially Responsible 6.76 6.07 4.69 8.66 ----------------------------------------------------------------------------------------------------------- EQ/Capital Guardian Research 8.61 7.52 5.78 9.69 ----------------------------------------------------------------------------------------------------------- EQ/Core Bond Index 12.75 12.18 12.00 13.32 ----------------------------------------------------------------------------------------------------------- EQ/Equity Growth PLUS 10.85 9.54 7.57 12.85 ----------------------------------------------------------------------------------------------------------- EQ/GAMCO Mergers and Acquisitions 13.96 12.91 11.22 13.20 ----------------------------------------------------------------------------------------------------------- EQ/GAMCO Small Company Value 32.00 24.45 17.52 25.61 ----------------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index 13.60 13.19 -- -- ----------------------------------------------------------------------------------------------------------- EQ/International Growth 13.16 11.61 8.57 14.55 ----------------------------------------------------------------------------------------------------------- EQ/Lord Abbett Growth and Income 12.08 10.40 8.90 14.19 ----------------------------------------------------------------------------------------------------------- EQ/Mid Cap Index 14.10 11.34 8.41 16.77 ----------------------------------------------------------------------------------------------------------- EQ/Mid Cap Value PLUS 13.58 11.23 -- -- ----------------------------------------------------------------------------------------------------------- EQ/Money Market 10.63 10.77 10.88 10.77 ----------------------------------------------------------------------------------------------------------- EQ/Montag & Caldwell Growth 10.89 10.20 7.97 12.04 ----------------------------------------------------------------------------------------------------------- EQ/Morgan Stanley Mid Cap Growth 19.29 14.74 9.49 18.21 ----------------------------------------------------------------------------------------------------------- EQ/PIMCO Ultra Short Bond 12.30 12.36 11.60 12.26 ----------------------------------------------------------------------------------------------------------- EQ/Quality Bond PLUS 15.77 15.05 -- -- ----------------------------------------------------------------------------------------------------------- EQ/T. Rowe Price Growth Stock 9.51 8.28 5.88 10.32 ----------------------------------------------------------------------------------------------------------- EQ/UBS Growth and Income 11.24 10.08 7.71 13.04 ----------------------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) 14.51 12.56 9.38 16.57 ----------------------------------------------------------------------------------------------------------- Franklin Income Securities 16.67 14.99 11.21 16.15 ----------------------------------------------------------------------------------------------------------- Franklin Rising Dividends Securities 14.76 12.40 10.71 14.89 ----------------------------------------------------------------------------------------------------------- Janus Aspen Series Balanced Portfolio 15.53 14.52 11.69 14.08 ----------------------------------------------------------------------------------------------------------- Janus Aspen Series Enterprise Portfolio 10.80 8.70 6.09 10.97 ----------------------------------------------------------------------------------------------------------- Janus Aspen Series Forty Portfolio 12.61 11.97 8.29 15.05 ----------------------------------------------------------------------------------------------------------- Janus Aspen Series Worldwide Portfolio 9.18 8.03 5.91 10.83 ----------------------------------------------------------------------------------------------------------- Multimanager Small Cap Growth 18.13 14.40 10.85 18.99 ----------------------------------------------------------------------------------------------------------- Oppenheimer Global Securities Fund/VA 20.29 17.77 12.93 21.96 ----------------------------------------------------------------------------------------------------------- PIMCO VIT Global Bond (Unhedged) 18.11 16.44 14.26 14.57 ----------------------------------------------------------------------------------------------------------- UNIT VALUE ------------------------------------------------------------------------ DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, SUBACCOUNT 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- All Asset Allocation $10.57 $9.73 $9.37 $8.75 $7.34 $9.44 -------------------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AXA Conservative Allocation -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AXA Conservative-Plus Allocation -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AXA Moderate Allocation -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- Dreyfus Stock Index 10.30 9.04 8.75 8.01 6.33 8.26 -------------------------------------------------------------------------------------------------------------------------- EQ/BlackRock Basic Value Equity 12.21 10.24 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/Boston Advisors Equity Income 14.51 12.68 12.10 10.41 8.33 9.90 -------------------------------------------------------------------------------------------------------------------------- EQ/Calvert Socially Responsible 7.80 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/Capital Guardian Research -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index 13.06 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/Equity Growth PLUS 11.42 10.58 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/GAMCO Mergers and Acquisitions 12.93 11.69 11.33 10.90 -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/GAMCO Small Company Value 23.75 20.26 19.68 16.50 12.17 13.59 -------------------------------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond Index -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/International Growth 12.69 10.24 9.18 8.84 6.85 8.61 -------------------------------------------------------------------------------------------------------------------------- EQ/Lord Abbett Growth and Income 13.86 -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/Mid Cap Index -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/Mid Cap Value PLUS -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/Money Market 10.40 10.07 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/Montag & Caldwell Growth 10.10 9.49 9.12 8.88 7.69 10.15 -------------------------------------------------------------------------------------------------------------------------- EQ/Morgan Stanley Mid Cap Growth -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/PIMCO Ultra Short Bond 11.14 11.25 11.31 10.94 10.50 -- -------------------------------------------------------------------------------------------------------------------------- EQ/Quality Bond PLUS -- -- -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- EQ/T. Rowe Price Growth Stock 9.75 10.30 10.04 8.96 5.94 8.53 -------------------------------------------------------------------------------------------------------------------------- EQ/UBS Growth and Income 13.06 11.60 10.79 9.66 7.67 10.50 -------------------------------------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) 14.29 12.98 11.26 9.90 7.81 8.74 -------------------------------------------------------------------------------------------------------------------------- Franklin Income Securities 15.78 13.53 13.49 12.01 -- -- -------------------------------------------------------------------------------------------------------------------------- Franklin Rising Dividends Securities 15.51 13.42 13.15 12.01 -- -- -------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Balanced Portfolio 12.91 11.82 11.10 10.37 9.21 9.98 -------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Enterprise Portfolio 9.11 8.13 7.33 6.16 4.62 6.50 -------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Forty Portfolio 11.14 10.32 9.27 7.95 6.68 8.03 -------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Worldwide Portfolio 10.02 8.59 8.22 7.95 6.50 8.85 -------------------------------------------------------------------------------------------------------------------------- Multimanager Small Cap Growth 18.57 17.07 16.08 14.49 11.93 15.92 -------------------------------------------------------------------------------------------------------------------------- Oppenheimer Global Securities Fund/VA 20.98 18.12 16.10 13.73 -- -- -------------------------------------------------------------------------------------------------------------------------- PIMCO VIT Global Bond (Unhedged) 13.46 13.04 14.15 12.97 11.49 -- --------------------------------------------------------------------------------------------------------------------------
~~I-1 APPENDIX I: CONDENSED FINANCIAL INFORMATION~~
UNIT VALUE ---------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, SUBACCOUNT 2010 2009 2008 2007 ----------------------------------------------------------------------------------------------------------- ProFund VP Bear 5.03 6.20 8.71 6.31 ----------------------------------------------------------------------------------------------------------- ProFund VP Rising Rates Opportunity 5.23 6.32 4.84 7.92 ----------------------------------------------------------------------------------------------------------- ProFund VP UltraBull 10.92 9.06 6.35 19.74 ----------------------------------------------------------------------------------------------------------- UNIT VALUE ------------------------------------------------------------------------ DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, SUBACCOUNT 2006 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------------------------------------------------- ProFund VP Bear 6.36 6.97 7.16 8.09 -- -- -------------------------------------------------------------------------------------------------------------------------- ProFund VP Rising Rates Opportunity 8.46 7.79 8.57 9.75 -- -- -------------------------------------------------------------------------------------------------------------------------- ProFund VP UltraBull 19.84 16.34 16.14 13.96 -- -- --------------------------------------------------------------------------------------------------------------------------
~~APPENDIX I: CONDENSED FINANCIAL INFORMATION I-2~~
UNITS OUTSTANDING ------------------------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, SUBACCOUNT 2010 2009 2008 2007 2006 ----------------------------------------------------------------------------------------------------------------------------------- All Asset Allocation 2,681,015 3,190,836 3,976,044 5,513,287 7,300,951 ----------------------------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation 125,972 109,441 57,982 23,678 -- ----------------------------------------------------------------------------------------------------------------------------------- AXA Conservative Allocation 221,943 178,106 171,180 25,364 -- ----------------------------------------------------------------------------------------------------------------------------------- AXA Conservative-Plus Allocation 155,794 158,842 191,867 84,997 -- ----------------------------------------------------------------------------------------------------------------------------------- AXA Moderate Allocation 371,177 476,016 592,487 235,127 -- ----------------------------------------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation 269,294 293,026 202,158 44,505 -- ----------------------------------------------------------------------------------------------------------------------------------- Dreyfus Stock Index 1,831,626 2,258,134 3,003,891 4,131,405 5,268,532 ----------------------------------------------------------------------------------------------------------------------------------- EQ/BlackRock Basic Value Equity 181,943 245,928 378,596 588,447 162,707 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Boston Advisors Equity Income 661,133 866,996 1,228,517 1,872,979 2,493,147 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Calvert Socially Responsible 204,371 264,142 305,886 392,763 491,154 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Capital Guardian Research 277,556 346,955 464,204 704,758 -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index 1,617,336 2,064,117 770,250 1,462,548 1,907,446 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Equity Growth PLUS 814,368 1,015,952 1,340,581 2,049,590 2,697,953 ----------------------------------------------------------------------------------------------------------------------------------- EQ/GAMCO Mergers and Acquisitions 145,562 181,250 228,727 307,858 355,264 ----------------------------------------------------------------------------------------------------------------------------------- EQ/GAMCO Small Company Value 1,525,805 1,863,329 2,470,253 3,497,734 4,619,713 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond 725,776 946,198 -- -- -- Index ----------------------------------------------------------------------------------------------------------------------------------- EQ/International Growth 566,604 733,386 951,223 1,314,677 1,619,060 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Lord Abbett Growth and Income 345,304 448,092 673,983 1,137,673 1,582,779 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Mid Cap Index 63,808 72,187 126,854 166,194 -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Mid Cap Value PLUS 647,302 822,335 -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Money Market 1,476,653 1,814,818 2,886,956 3,268,106 3,783,141 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Montag & Caldwell Growth 4,022,399 5,040,656 6,247,168 8,542,516 12,014,014 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Morgan Stanley Mid Cap Growth 284,685 314,142 373,739 616,094 -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/PIMCO Ultra Short Bond 303,672 462,400 453,559 444,115 607,070 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Quality Bond PLUS 678,561 868,263 -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/T. Rowe Price Growth Stock 1,517,985 1,837,732 2,322,411 3,097,303 4,266,241 ----------------------------------------------------------------------------------------------------------------------------------- EQ/UBS Growth and Income 1,877,719 2,301,746 2,986,644 4,058,934 5,288,888 ----------------------------------------------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) 1,814,712 2,228,837 2,979,630 4,309,960 4,132,884 ----------------------------------------------------------------------------------------------------------------------------------- Franklin Income Securities 407,327 491,997 711,395 1,026,999 1,032,610 ----------------------------------------------------------------------------------------------------------------------------------- Franklin Rising Dividends Securities 163,952 173,655 246,117 358,103 418,715 ----------------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Balanced Portfolio 1,184,523 1,470,007 1,954,684 2,761,884 3,539,301 ----------------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Enterprise Portfolio 1,131,580 1,419,916 1,722,276 2,242,169 2,826,266 ----------------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Forty Portfolio 1,010,518 1,289,315 1,547,604 1,997,448 2,485,058 ----------------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Worldwide Portfolio 1,206,618 1,502,931 1,795,688 2,357,570 2,964,196 ----------------------------------------------------------------------------------------------------------------------------------- Multimanager Small Cap Growth 599,656 773,448 997,235 1,431,540 2,003,547 ----------------------------------------------------------------------------------------------------------------------------------- Oppenheimer Global Securities Fund/VA 240,081 329,171 528,621 879,138 1,058,049 ----------------------------------------------------------------------------------------------------------------------------------- PIMCO VIT Global Bond (Unhedged) 165,708 224,099 311,052 444,312 568,823 ----------------------------------------------------------------------------------------------------------------------------------- ProFund VP Bear 54,582 46,231 117,167 38,052 37,753 ----------------------------------------------------------------------------------------------------------------------------------- ProFund VP Rising Rates Opportunity 45,613 71,161 54,450 96,834 195,027 ----------------------------------------------------------------------------------------------------------------------------------- ProFund VP UltraBull 75,957 120,086 67,276 74,392 93,443 ----------------------------------------------------------------------------------------------------------------------------------- UNITS OUTSTANDING ------------------------------------------------------------------------------- DEC. 31, DEC. 31, DEC. 31, DEC. 31, DEC. 31, SUBACCOUNT 2005 2004 2003 2002 2001 ----------------------------------------------------------------------------------------------------------------------------------- All Asset Allocation 9,232,209 11,109,364 13,202,566 15,109,160 18,385,691 ----------------------------------------------------------------------------------------------------------------------------------- AXA Aggressive Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- AXA Conservative Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- AXA Conservative-Plus Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- AXA Moderate Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- AXA Moderate-Plus Allocation -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- Dreyfus Stock Index 6,734,123 8,132,629 9,138,583 9,933,628 10,780,679 ----------------------------------------------------------------------------------------------------------------------------------- EQ/BlackRock Basic Value Equity 138,603 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Boston Advisors Equity Income 3,121,754 3,207,756 2,990,192 3,454,574 3,446,564 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Calvert Socially Responsible -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Capital Guardian Research -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Core Bond Index -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Equity Growth PLUS 3,382,866 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/GAMCO Mergers and Acquisitions 281,983 226,652 191,335 -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/GAMCO Small Company Value 6,024,921 7,075,206 7,841,899 8,512,905 8,277,605 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Intermediate Government Bond -- -- -- -- -- Index ----------------------------------------------------------------------------------------------------------------------------------- EQ/International Growth 1,680,543 1,911,713 2,103,075 2,031,440 2,239,322 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Lord Abbett Growth and Income -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Mid Cap Index -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Mid Cap Value PLUS -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Money Market 4,407,396 -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Montag & Caldwell Growth 6,339,010 16,012,029 18,983,764 19,728,594 22,923,973 ----------------------------------------------------------------------------------------------------------------------------------- EQ/Morgan Stanley Mid Cap Growth -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/PIMCO Ultra Short Bond 800,622 925,861 915,521 593,890 -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/Quality Bond PLUS -- -- -- -- -- ----------------------------------------------------------------------------------------------------------------------------------- EQ/T. Rowe Price Growth Stock 5,964,804 7,351,694 8,435,080 8,681,637 10,502,862 ----------------------------------------------------------------------------------------------------------------------------------- EQ/UBS Growth and Income 6,768,008 8,081,277 9,561,842 11,273,375 13,764,821 ----------------------------------------------------------------------------------------------------------------------------------- Fidelity VIP Contrafund(R) 4,769,384 5,109,618 5,524,076 5,965,404 6,410,695 ----------------------------------------------------------------------------------------------------------------------------------- Franklin Income Securities 924,609 587,543 241,886 -- -- ----------------------------------------------------------------------------------------------------------------------------------- Franklin Rising Dividends Securities 347,075 333,759 216,239 -- -- ----------------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Balanced Portfolio 4,375,862 5,057,432 5,892,043 6,980,943 7,262,031 ----------------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Enterprise Portfolio 3,502,925 4,107,171 4,901,662 5,654,695 7,138,296 ----------------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Forty Portfolio 3,187,808 3,832,050 4,588,875 5,496,952 6,781,107 ----------------------------------------------------------------------------------------------------------------------------------- Janus Aspen Series Worldwide Portfolio 3,890,586 4,838,805 5,937,772 7,157,869 8,403,354 ----------------------------------------------------------------------------------------------------------------------------------- Multimanager Small Cap Growth 2,557,971 3,066,363 3,596,274 3,994,202 4,211,857 ----------------------------------------------------------------------------------------------------------------------------------- Oppenheimer Global Securities Fund/VA 995,554 764,151 262,808 -- -- ----------------------------------------------------------------------------------------------------------------------------------- PIMCO VIT Global Bond (Unhedged) 672,896 649,315 539,620 410,504 -- ----------------------------------------------------------------------------------------------------------------------------------- ProFund VP Bear 32,469 28,387 11,301 -- -- ----------------------------------------------------------------------------------------------------------------------------------- ProFund VP Rising Rates Opportunity 263,771 345,652 205,410 -- -- ----------------------------------------------------------------------------------------------------------------------------------- ProFund VP UltraBull 123,690 157,450 125,726 -- -- -----------------------------------------------------------------------------------------------------------------------------------
I-3 APPENDIX I: CONDENSED FINANCIAL INFORMATION Statement of Additional Information -------------------------------------------------------------------------------- TABLE OF CONTENTS MAY 1, 2011 PAGE Additional information about the Company 2 About our independent registered public accounting firm 2 Sale of the contracts 2 Federal tax status 2 Financial statements 4
If you would like to receive a copy of the MONY America Variable Account A Statement of Additional Information, please return this request to: MONY Life Insurance Company of America Policyholder Services 100 Madison Street Syracuse, New York 13202 1-800-487-6669 www.axa-equitable.com. - Please send me a copy of the MONY America Variable Account A Statement of Additional Information. -------------------------------------------------------------------------------- Name -------------------------------------------------------------------------------- Address -------------------------------------------------------------------------------- City State Zip MLA-CM ~~PART II ITEM 14.OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION~~
~~ESTIMATED ITEM OF EXPENSE EXPENSE --------------- ---------~~ Registration fees $5,959.20 Federal taxes N/A State taxes and fees (based on 50 state average) N/A Trustees' fees N/A Transfer agents' fees N/A Printing and filing fees $ 50,000* Legal fees N/A Accounting fees N/A Audit fees $ 20,000* Engineering fees N/A Directors and officers insurance premium paid by Registrant N/A
~~-------- * Estimated expense. ITEM 15.INDEMNIFICATION OF DIRECTORS AND OFFICERS The By-Laws of MONY Life Insurance Company of America~~(the “Corporation”) provide, in Article VI as follows: ~~ARTICLE VI INDEMNIFICATION OF OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS~~
SECTION 1. NATURE OF INDEMNITY. The Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that he or she is or was or has agreed to become a director or officer of the Corporation, or is or was serving or has agreed to serve at the request of the Corporation as a director or officer of another corporation, partnership, joint venture, trust or other enterprise, or by reason of any action alleged to have been taken or omitted in such capacity, and may indemnify any person who was or is a party or is threatened to be made a party to such an action, suit or proceeding by reason of the fact that he or she is or was or has agreed to become an employee or agent of the Corporation, or is or was serving or has agreed to serve at the request of the Corporation as an employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including ~~attorneys'~~attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him or her or on his or her behalf in connection with such action, suit or proceeding and any appeal therefrom, if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding had no reasonable cause to believe his or her conduct was unlawful; except that in the case of an action or suit by or in the right of the Corporation to procure a judgment in its favor (1) such indemnification shall be limited to expenses (including ~~attorneys'~~attorneys’ fees) actually and reasonably incurred by such person in the defense or settlement of such action or suit, and (2) no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the Corporation unless and only to the extent that the court in which such action or suit was brought or other court of competent jurisdiction shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity.
The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of no contest or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that his or her conduct was unlawful.
SECTION 6. SURVIVAL; PRESERVATION OF OTHER RIGHTS. The foregoing indemnification provisions shall be deemed to be a contract between the Corporation and each director, officer, employee and agent who serves in any such capacity at any time while these provisions as well as the relevant provisions of Title 10, Arizona Revised Statutes are in effect and any repeal or modification thereof shall not affect any right or obligation then existing with respect to any state of facts then or previously existing or any action, suit or proceeding previously or thereafter brought or threatened based in whole or in part upon any such state of facts. Such a ~~"contract right"~~“contract right” may not be modified retroactively without the consent of such director, officer, employee or agent.
The indemnification provided by this Article shall not be deemed exclusive of any other right to which those indemnified may be entitled under any by-law, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in his or her official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.
SECTION 7. INSURANCE. The Corporation may purchase and maintain insurance on behalf of any person who is or was a director or officer of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity or arising out of his or her status as such, whether or not the Corporation would have the power to indemnify such person against such liability under the provisions of this By-Law. ~~ITEM 16.EXHIBITS (1)Form~~
The directors and officers of ~~Underwriting Agreement. (a) Wholesale Distribution Agreement between MONY~~Equitable Financial Life Insurance Company of America ~~MONY Securities Corporation, and AXA Distributors, LLC, et al., filed herewith. (b) Broker-Dealer Distribution and Servicing Agreement, dated June 6, 2005, made~~are insured under policies issued by ~~and between MONY Life~~X.L. Insurance Company, of America and AXA Advisors, LLC, is incorporated herein by reference to Post-Effective Amendment No. 3 to the Registration Statement on Form N-6 (333-104162), filed on April 25, 2006. (c) General Agent Sales Agreement, dated June 6, 2005, by and between MONY LifeArch Insurance Company, ~~and AXA Network, LLC, incorporated herein by reference to Post-Effective Amendment No. 3 to the Registration Statement on Form N-6 (333-104162)~~Sombo (Endurance Specialty Insurance Company), ~~filed on April 25, 2006. (d) First Amendment to General Agent Sales Agreement by and between MONY Life~~U.S. Specialty Insurance, ACE (Chubb), Chubb Insurance Company, of America and AXA Network, incorporated herein by reference to Exhibit (c)(9) to the Registration Statement on Form N-6 (File No. 333-104162) filed on April 25, 2007. (2)Not applicable. (4)Form of Policy. (a) Proposed form of flexible payment variable annuity contract, incorporated herein by reference to Exhibit 4 to Registration Statement (File No. 333-59717) on Form N-4, filed on July 23, 1998. (b) Proposed form of flexible payment variable annuity contract, incorporated herein by reference to Exhibit 4 to Registration Statement (File No. 333-72632) on Form N-4, filed on January 9, 2002. (5)Opinion and consent of counsel regarding legality (a) Opinion and consent of David S. Waldman as to the legality of the securities being registered, incorporated herein by reference to Post-Effective Amendment No. 1 to Form S-1 on Form S-2 (File No. 333-105089) filed on August 4, 2004. (b) Opinion and consent of Dodie Kent, Esq., Vice President and Associate General Counsel of MONY LifeAXIS Insurance Company, of America as to the legality of the securities being registered, incorporated herein by reference to Form S-1 (333-132810) filed on March 27, 2006. (c) Opinion and consent of Dodie Kent Esq., Vice President and Associate General Counsel of MONY LifeZurich Insurance Company, AWAC (Allied World Assurance Company, Ltd.), Aspen Bermuda XS, CAN, AIG, One Beacon, Nationwide, Berkley, Berkshire, SOMPO, Chubb, Markel and ARGO Re Ltd. The annual limit on such policies is $300 million, and the policies insure the officers and directors against certain liabilities arising out of America as to the legality of the securities being registered, incorporated herein by reference to Post-Effective Amendment No. 1 on Form S-1 (File No. 333-132810) filed on April 27, 2007. (d) Opinion and consent of Dodie Kent Esq., Vice President and Associate General Counsel of MONY Life Insurance Company of America 2 as to the legality of securities being registered, incorporated herein by reference to Post-Effective Amendment No. 2 on Form S-1 (File No. 333-132810) filed on April 24, 2008. (e) Opinion and consent of Dodie Kent Esq., Vice President and Associate General Counsel of MONY Life Insurance Company of America as to the legality of securities being registered, incorporated herein by reference to Form S-3 (File No. 333-155348) filed on November 13, 2008. (f) Opinion and consent of Dodie Kent Esq., Vice President and Associate General Counsel of MONY Life Insurance Company of America as to the legality of securities beingtheir conduct in such capacities.
~~ITEM 16. EXHIBITS~~
(1)
Underwriting Agreement.
(a)
Wholesale Distribution Agreement dated April 1, 2005, by and between MONY Life Insurance Company of America and MONY Securities Corporation and AXA Distributors, LLC, is incorporated herein by reference to the registration statement on Form S-3 (File No. 333-177419) filed on October 20, 2011.
(1)
Form of the First Amendment dated as of October 1, 2013, to the Whole Distribution Agreement dated as of April 1, 2005, between MONY Life Insurance Company of America and AXA Distributors, LLC, incorporated herein by reference to the Registration Statement on Form S-1 (File No. 333-195491) filed on April 19, 2016.
(2)
Second Amendment dated as of August 1, 2015, to the Wholesale Distributor Agreement dated as of April1, 2005 between MONY Life Insurance Company of America and AXA Distributors, LLC, incorporated herein by reference to the Registration Statement on Form S-1 (File No. 333-195491) filed on April 19, 2016.
(b)
Broker-Dealer and General Agent Sales Agreement between Equitable Distributors, LLC and Broker-Dealer and General Agent, incorporated herein by reference to the Registration Statement on Form S-3 (File No. 333-265027) filed on January 30, 2024.
(c)
Wholesale Broker-Dealer Supervisory and Sale Agreement between the Broker-Dealer and Equitable Distributors, LLC, incorporated herein by reference to the Registration Statement on Form S-3 (File No. 333-265027) filed on January 30, 2024.
(d)
General Agent Sales Agreement dated June 6, 2005, by and between MONY Life Insurance Company of America and AXA Network, LLC. incorporated herein by reference to the registration statement on Form S-1 (File No. 333-180068) filed on March 13, 2012.
(1)
First Amendment dated as of August 1, 2006, to General Agent Sales Agreement by and between MONY Life Insurance Company of America and AXA Network incorporated herein by reference to the registration statement on Form N-6 (File No. 333-134304) filed on March 1, 2012.
(2)
Second Amendment dated as of April 1, 2008, to General Agent Sales Agreement dated as of April 1, 2008, by and between MONY Life Insurance Company of America and AXA Network, LLC incorporated herein by reference to the Registration Statement on Form S-1 (File No. 333-180068) filed on March 13, 2012.
(3)
Form of THIRD AMENDMENT to General Agent Sales Agreement dated as of October 1, 2013, by and between MONY LIFE INSURANCE COMPANY OF AMERICA and AXA NETWORK, LLC, incorporated herein by reference to the Registration Statement on Form S-1 (File No. 333-195491) filed on April 21, 2015.
(4)
Fourth Amendment to General Agent Sales Agreement, dated as of October 1, 2014, by and between MONY LIFE INSURANCE COMPANY OF AMERICA (“MONY America”) and AXA NETWORK, LLC and the additional affiliated entities of AXA Network, LLC, incorporated herein by reference to the Registration Statement on Form S-3 (File No. 333-236437) filed on March 14, 2022.
(5)
Fifth Amendment to General Agent Sales Agreement, dated as of June 1, 2015, by and between MONY LIFE INSURANCE COMPANY OF AMERICA (“MONY America”) and AXA NETWORK, LLC and the additional affiliated entities of AXA Network, LLC, incorporated herein by reference to Registration Statement on Form N-6 (File No. 333-207014) on December 23, 2015.
(6)
Sixth Amendment to General Agent Sales Agreement, dated as of August 1, 2015, by and between MONY Life Insurance Company of America (“MONY America”), an Arizona life insurance company, and AXA NETWORK, LLC, a Delaware limited liability company (“General Agent”), incorporated herein by reference to the Registration Statement on Form N-6 (File No. 333-191149) filed on April 19, 2019.
(7)
Seventh Amendment to the General Agent Sales Agreement, dated as of April 1, 2016, is by and between MONY Life Insurance Company of America (“MONY America”), an Arizona life insurance company, and AXA Network, LLC, a Delaware limited liability company (“General Agent”), incorporated herein by reference to the Registration Statement on Form N-6 (File No. 333-191149) filed on April 19, 2019.
(8)
Eighth Amendment to General Agent Sales Agreement, dated as of November 1, 2019, by and between MONY Life Insurance Company of America and AXA Network, LLC, incorporated herein by reference to Registration Statement on Form N-6 (File No. 333-191149) filed on April 21, 2021.
(9)
Ninth Amendment to General Agent Sales Agreement, dated as of October 1, 2020, by and between Equitable Financial Life Insurance Company of America and Equitable Network, LLC, incorporated herein by reference to Registration Statement on Form N-6 (File No. 333-191149) filed on April 21, 2021.
(10)
Tenth Amendment to General Agent Sales Agreement dated as of September 1, 2021, by and between Equitable Financial Life Insurance Company of America and Equitable Network, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-248907) filed on April 22, 2022.
(11)
Eleventh Amendment to General Agent Sales Agreement dated as of November 1, 2021, by and between Equitable Financial Life Insurance Company of America and Equitable Network, LLC, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-248907) filed on April 22, 2022.
(e)
Broker-Dealer Distribution and Servicing Agreement, dated June 6, 2005, made by and between MONY Life Insurance Company of America and AXA Advisors, LLC, incorporated herein by reference to post-effective amendment no. 1 to the registration statement on Form S-1 (File No. 333-180068) filed on March 13, 2012.
(f)
Broker General Agent Agreement between Broker General Agent and Equitable Distributors, LLC, incorporated herein by reference to the Registration Statement on Form S-3 (File No. 333-265027) filed on January 30, 2024.
(1)
Amendment to Brokerage General Agent Sales Agreement between Brokerage General Agency and Equitable Distributors, LLC, incorporated herein by reference to the Registration Statement on Form S-3 (File No. 333-265027) filed on January 30, 2024.
(2)
Not Applicable.
(4)
Form of policy.
(a)
Form of Endorsement Applicable to Traditional IRA (2010IRA-I-PCS), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 14, 2010.
(b)
Form of Endorsement Applicable to Non-Qualified Contracts (2010NQ-I-PCS), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 14, 2010.
(c)
Form of Endorsement Applicable to Roth IRA Contracts (2010ROTH-I-PCS), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 14, 2010.
(d)
Form of Flexible Premium Deferred Variable and Index Linked Annuity Contract (2010PCSBASE-I-A), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 14, 2010.
(e)
Form of Data Page (Part A - Personal Data) (2010PCSDP), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 13, 2010 and refiled on August 30, 2012.
(f)
Form of Data Page (Part C - Charges) (2010PCSDP-ADV), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 14, 2010.
(g)
Form of Data Page (Part C - Charges) (2010PCSDP-B), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 13, 2010 and refiled on August 30, 2012.
(h)
Form of Data Page (Part C - Charges) (2010PCSDP-C), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on August 30, 2012.
(i)
Form of Endorsement Applicable to The Protected Investment Option (Form No. 2014ECAPENDO-I) incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on May 13, 2014.
(j)
Endorsement Applicable to the Protected Investment Option (2014ECAPENDO), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on April 22, 2015.
(k)
Endorsement Applicable to the Qualified Defined Benefit Plans (2014QPDB-PCS), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on April 22, 2015.
(l)
Form of Certificate of Assumption for Equitable Financial Life Insurance Company of America, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-272919) filed on September 15, 2023.
(5)
Opinion of Counsel, filed herewith.
(8)
Not Applicable.
(12)
Not Applicable
(15)
Not Applicable.
(23)
Consent of independent registered public accounting firm, to be filed by Amendment.
(24)
Powers of Attorney, filed herewith.
(25)
Not Applicable.
(26)
Not Applicable.
(Ex-107)Filing Fees Table, filed herewith. (8)Opinion and consent of Robert Levy as to tax matters, incorporated herein by reference to Post-Effective Amendment No. 1 to Form S-1 on Form S-2 (File No. 333-105089) filed on August 4, 2004. (12)Not applicable. (15)Not applicable. 3 (23)Consents of Experts and Counsel. (a) Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm, filed herewith. (b) See Item (5) above. (24)Powers of Attorney. (a) Powers of Attorney are filed herewith. (25)Not applicable. (26)Not applicable. 4
ITEM 17.UNDERTAKINGS (a)The undersigned registrant hereby undertakes: (1)To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: (i)to include any prospectus required by section 10(a)(3) of the Securities Act of 1933; (ii)to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; (iii)to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; 17. UNDERTAKINGS
(a)
The undersigned registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i)
to include any prospectus required by section 10 (a) (3) of the Securities Act of 1933;
(ii)
to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424 (b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;
(iii)
to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
provided, however, that paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or ~~15(d)~~Section 15 (d) of the Securities Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule ~~424(b)~~424 (b) that is part of this Registration Statement. (2)That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (3)To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. (4)That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use. 5 (5)That, for the purpose of determining liability of the Registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned Registrant undertakes that in a primary offering of securities of the undersigned Registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: (i) Any preliminary prospectus or prospectus of the undersigned Registrant relating to the offering required to be filed pursuant to Rule 424; (ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned Registrant or used or referred to by the undersigned Registrant; (iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant; and (iv) Any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser. (b)The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (c)Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. 6
(2)
That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(4)
That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
(5)
That, for the purpose of determining liability of the Registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned Registrant undertakes that in a primary offering of securities of the undersigned Registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: (i) Any preliminary prospectus or prospectus of the undersigned Registrant relating to the offering required to be filed pursuant to Rule 424; (ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned Registrant or used or referred to by the undersigned Registrant; (iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant; and (iv) Any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser.
(b)
The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
~~SIGNATURES~~
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets ~~all of~~ the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City and State of New York on ~~this 20th~~the 15^th day of ~~October, 2011. MONY~~February, 2024.
Equitable Financial Life Insurance Company of America (Registrant) By: /s/ Dodie Kent ------------------------------------ Dodie Kent Vice President and Associate General Counsel MONY Life Insurance Company of America Pursuant to the requirements of America
(Registrant)
By
/s/ Alfred Ayensu-Ghartey
Alfred Ayensu-Ghartey
Vice President and Associate General Counsel
~~As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated:~~
PRINCIPAL EXECUTIVE ~~OFFICERS: *Mark Pearson Chairman of the Board, Chief Executive Officer and Director PRINCIPAL FINANCIAL~~ OFFICER: *Richard S. Dziadzio Senior Executive Vice President Chief Financial Officer and Treasurer PRINCIPAL ACCOUNTING OFFICER: *Alvin H. Fenichel Senior Vice President and Chief Accounting Officer *DIRECTORS: Henri de Castries Anthony J. Hamilton Mark Pearson Ramon de Oliveira James F. Higgins Lorie A. Slutsky Denis Duverne Peter S. Kraus Ezra Suleiman Charlynn Goins Andrew J. McMahon Peter J. Tobin Danny L. Hale Scott D. Miller Richard C. Vaughan *By: /s/ Dodie Kent ------------------------- Dodie Kent Attorney-in-Fact October 20, 2011 7 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION TAG VALUE ----------- ------------------------------------------------------- --------- (1)(a) Wholesale Distribution Agreement between MONY Life Insurance Company of America, MONY Securities Corporation and AXA Distributors, LLC, et al. Ex-99.1a (5)(f) Opinion and Consent of Counsel Ex-99.5f (23)(a) Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm Ex-99.23a 24(a) Powers of Attorney Ex-99.24a


Francis Hondal	Joan Lamm-Tennant	Bertram Scott
Daniel G. Kaye	Craig MacKay	George Stansfield
Arlene Isaacs-Lowe	Mark Pearson	Charles G. T. Stonehill


The Company		3
How to reach us		4
Definitions of key terms		5
Structured Investment Option at a glance — key features		7


Fee table summary		9


1. Risk factors		10
COVID-19		11
Cybersecurity risks and catastrophic events		11


2. Description of the structured investment option		13
Structured Investment Option		13
Your account value in the Structured Investment Option		19
Structured Investment Option’s charges and expenses		19
How we deduct EQUI-VEST^® contract charges from the Structured Investment Option		20
Transfers		20


3. Distribution of the contracts		23


4. Incorporation of certain documents by reference		24


Appendices


Segment Interim Value			I-1

Index Publishers			II-1

Segment Maturity Date and Segment Start Date examples			III-1

State contract availability and/or variations of certain features and benefits			IV-1



Item	1-Year Segment	3-Year Segment	5-Year Segment
Segment Duration (in months)	12	36	60
Valuation Date (Months since Segment Start Date)	8.5	8.5	8.5
Segment Investment	$1,000	$1,000	$1,000
Segment Buffer	-10%	-20%	-20%
Performance Cap Rate	11%	19%	45%
Time to Maturity
(in months)	3.5	27.5	51.5
(in years)	0.288	2.290	4.290


Fair Value of Hypothetical Fixed Instrument	999.24	971.31	905.58
Fair Value of Hypothetical Derivatives	(303.20)	(224.50)	(207.39)
Cap Calculation Factor	5.19	41.22	77.23
Sum of Above	701.23	788.03	775.41
Segment Investment Multiplied by prorated Performance Cap Rate	1,078.27	1,044.98	1,063.86
Segment Interim Value	701.23	788.03	775.41


Fair Value of Hypothetical Fixed Instrument	999.25	999.25
Fair Value of Hypothetical Derivatives	(203.82)	(204.55)
Cap Calculation Factor	5.18	5.18
Sum of Above	800.61	799.88
Segment Investment Multiplied by prorated
Performance Cap Rate	1,171.76	1,424.11
Segment Interim Value	800.61	799.88


Segment Interim Value	966.97	974.22	963.38
Percent Withdrawn	10.34%	10.26%	9.43%
New Segment Investment	$896.58	$897.35	$905.72
New Segment Interim Value	$866.97	$874.22	$960.62


Segment Interim Value	1,065.63	1,044.98	1,060.62
Percent Withdrawn	9.38%	9.57%	9.43%
New Segment Investment	$906.16	$904.30	$905.72
New Segment Interim Value	$965.63	$944.98	$960.62


If the 14th is a:	then the Segment Maturity Date is:	and the Segment Start Date is:
Friday	Friday the 14th	Monday the 17th
Saturday	Monday the 16th	Tuesday the 17th
Sunday	Monday the 15th	Tuesday the 16th


If a scheduled holiday falls on:	then the Segment Maturity Date is:	and the Segment Start Date is:
Monday the 14th	Tuesday the 15th	Wednesday the 16th
Friday the 15th	Monday the 18th	Tuesday the 19th


State	Features and benefits	Availability or variation

Florida	See “Segment Participation Requirements” in “Segment Investment Option” under “Description of the Structured Investment Option”	For EQUI-VEST^® Series 201 contracts, the Specified Minimum Amount that must be accumulated in the Segment Holding Account before it can be swept into a 1-year Segment is $1,000.

New Hampshire	See “Segment Type” in “Segment Investment Option” under “Description of the Structured Investment Option”	3-year and 5-year Segments are not available.

	See “Segment Participation Requirements” in “Segment Investment Option” under “Description of the Structured Investment Option”	For EQUI-VEST^® Series 201 contracts, the Specified Minimum Amount that must be accumulated in the Segment Holding Account before it can be swept into a 1-year Segment is $1,000.

New York	See “What is the Structured Investment Option?”	For EQUI-VEST Series 201 and Series 901 contracts issued or after June 24, 2024, the Structured Investment Option will be available.


ITEM OF EXPENSE	ESTIMATED EXPENSE
Registration fees	$
Federal taxes		N/A
State taxes and fees (based on 50 state average)		N/A
Trustees’ fees		N/A
Transfer agents’ fees		N/A
Printing and filing fees	$	50,000	*
Legal fees		N/A
Accounting fees		N/A
Audit fees	$	20,000	*
Engineering fees		N/A
Directors’ and officers’ insurance premium paid by Registrant		N/A


(a)		Form of Endorsement Applicable to Traditional IRA (2010IRA-I-PCS), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 14, 2010.

(b)		Form of Endorsement Applicable to Non-Qualified Contracts (2010NQ-I-PCS), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 14, 2010.

(c)		Form of Endorsement Applicable to Roth IRA Contracts (2010ROTH-I-PCS), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 14, 2010.

(d)		Form of Flexible Premium Deferred Variable and Index Linked Annuity Contract (2010PCSBASE-I-A), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 14, 2010.

(e)		Form of Data Page (Part A - Personal Data) (2010PCSDP), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 13, 2010 and refiled on August 30, 2012.

(f)		Form of Data Page (Part C - Charges) (2010PCSDP-ADV), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 14, 2010.

(g)		Form of Data Page (Part C - Charges) (2010PCSDP-B), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on September 13, 2010 and refiled on August 30, 2012.

(h)		Form of Data Page (Part C - Charges) (2010PCSDP-C), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on August 30, 2012.

(i)		Form of Endorsement Applicable to The Protected Investment Option (Form No. 2014ECAPENDO-I) incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on May 13, 2014.

(j)		Endorsement Applicable to the Protected Investment Option (2014ECAPENDO), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on April 22, 2015.

(k)		Endorsement Applicable to the Qualified Defined Benefit Plans (2014QPDB-PCS), incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-165395) filed on April 22, 2015.

(l)		Form of Certificate of Assumption for Equitable Financial Life Insurance Company of America, incorporated herein by reference to Registration Statement on Form N-4 (File No. 333-272919) filed on September 15, 2023.


Equitable Financial Life Insurance Company of America (Registrant) By: /s/ Dodie Kent ------------------------------------ Dodie Kent Vice President and Associate General Counsel MONY Life Insurance Company of America Pursuant to the requirements of America
(Registrant)

By		/s/ Alfred Ayensu-Ghartey
		Alfred Ayensu-Ghartey
		Vice President and Associate General Counsel


*Mark Pearson		Chief Executive Officer and Director

PRINCIPAL FINANCIAL OFFICER:

*Robin Raju		Chief Financial Officer

PRINCIPAL ACCOUNTING OFFICER:

*William Eckert		Chief Accounting Officer

*DIRECTORS:


*By:		/s/ Alfred Ayensu-Ghartey
		Alfred Ayensu-Ghartey
		Attorney-in-Fact
		February 15, 2024