Agent said if I put my money in variable annuity,said I could take 5% per year and never touch my invested funds, was taking 2,200per month,got a call from agent said need to drop it to 1,800,next year he called said need to drop it to $1,400, next year got a call ,said drop it to $1,200 per month. Called Tn AXA manager, demanded a different agent. I lost all the interest plus $150,000 of original amount I invested. AXA was charging,7.25% per year in fees to handle annuity. Original agent said that acct based on Dow , During a 5 year period market up 31%, so I was taking 5%,and AXA 7.25=12.25%,when I confronted AXA about this, they saidy acct was based on tbills and foreign markets. Record every thing and take witnesses with you if you work with this company