AXA Equitable Life Insurance Company recently announced the introduction of Structured Capital Strategies ADV, a product designed for fee-based advisors who are seeking equity and commodity index-linked growth potential for their clients with some downside protection.

The product is initially being launched through Commonwealth Financial Network, the nation's largest, privately-held independent broker-dealer and Registered Investment Adviser.  

Structured Capital Strategies ADV's main feature is its Structured Investment Option that allows clients to participate in the performance of equity and commodity indices up to a cap and with a downside buffer. The built-in buffer protects the initial negative 10, 20 or 30 percent of loss in index value, depending on the investment option makeup. The downside buffer works in tandem with a Performance Cap Rate on the upside market potential. For the June 15, 2011 S&P 500 Index one-year investment option, for example, a client would have downside protection for the first 10 percent of any loss with a minimum 10 percent cap on the investment upside.