Exhibit 21

Subsidiaries of AXA Equitable Life Insurance Company

AS OF :    DECEMBER 31, 2014

	State of Incorp. or Domicile	Parent’s Percent of Ownership or Control
AXA Equitable Life Insurance Company	NY		100.00	%
AXA Equitable Funds Management Group LLC	DE		100.00	%
Equitable Managed Assets, L.P.	DE		-
Equitable Deal Flow Fund, L.P	DE		-
Real Estate Partnership Equities (various)	**		-
Equitable Holdings, LLC	NY		100.00	%
SEE LISTING A
ACMC, LLC	DE		100.00	%
EVSA, Inc.	DE		100.00	%

LISTING A - Equitable Holdings, LLC

	State of Incorp. or Domicile	Parent’s Percent of Ownership or Control
AXA Equitable Life Insurance Company
Equitable Holdings, LLC
Equitable Casualty Insurance Company	VT		100.00	%
ECMC, LLC	DE		100.00	%
Equitable Capital Private Income & Equity Partnership II, L.P.	DE		-
AllianceBernstein Corporation	DE		100.00	%
SEE LISTING B
AXA Distributors, LLC	DE		100.00	%
J.M.R. Realty Services, Inc.	DE		100.00	%
Equitable Structured Settlement Corp.	DE		100.00	%

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LISTING B - AllianceBernstein Corporation

	State of Incorp. or Domicile	Parent’s Percent of Ownership or Control
AXA Equitable Life Insurance Company*
Equitable Holdings, LLC
AllianceBernstein Corporation	DE
AllianceBernstein Holding L.P.	DE
AllianceBernstein L.P.	DE
AllianceBernstein Trust Company, LLC	NH		100.00	%
Alliance Capital Management LLC	DE		100.00	%
AllianceBernstein Real Estate Investments LLC	DE		100.00	%
AlliancBernstein Private Credit Investors LLC	DE		100.00	%
Sanford C. Bernstein & Co., LLC	DE		100.00	%
AllianceBernstein International, LLC	DE		100.00	%
Sanford C. Bernstein (Schwiez) GmbH	Switzerland		100.00	%
AllianceBernstein Holdings Limited	U.K.		100.00	%
AllianceBernstein Corporation of Delaware	DE		100.00	%
ACAM Trust Company	India		100.00	%
AllianceBernstein (Argentina) S.R.L.	Argentina		99.00	%
AllianceBernstein Japan Inc.	DE		100.00	%
AllianceBernstein Japan Ltd.	Japan		100.00	%
AllianceBernstein Invest. Manage. Australia Limited	Australia		100.00	%
AllianceBernstein Global Derivatives Corp.	DE		100.00	%
AllianceBernstein Admin. de Carteiras (Brasil) Ltda.	Brazil		100.00	%
AllianceBernstein Holdings (Cayman) Ltd.	Cayman Islands		100.00	%
AllianceBernstein Preferred Limited	U.K.		100.00	%
CPH Capital Fondsmaeglerselskab A/S	Denmark		81.00	%
AllianceBernstein Limited	U.K.		100.00	%
AB Europe GmbH	Germany		100.00	%
AllianceBernstein Services Limited	U.K.		100.00	%
AllianceBernstein Schweiz AG	Germany		100.00	%
AllianceBernstein (Luxembourg) S.a.r.l	Luxembourg		100.00	%
AllianceBernstein (France) SAS	France		100.00	%
AllianceBernstein (Mexico) S. de R.L. de C.V.	Mexico		100.00	%
AllianceBernstein Australia Limited	Australia		100.00	%
AllianceBernstein New Zealand Ltd.	New Zealand		100.00	%
AllianceBernstein Canada, Inc.	Canada		100.00	%
AllianceBernstein Inv. Res. (Proprietary) Limited	So Africa		80.00	%
AllianceBernstein (Singapore) Ltd.	Singapore		100.00	%
Alliance Capital (Mauritius) Private Ltd.	Mauritius		100.00	%
Alliance Capital Asset Man. (India) Pvt. Ltd.	India		75.00	%
AllianceBernstein Invest. Res. & Man. (India) Pvt.	India		100.00	%
AllianceBernstein Oceanic Corporation	DE		100.00	%
AllianceBernstein Real Estate Investments LLC	DE		100.00	%
Alliance Corporate Finance Group Incorporated.	DE		100.00	%
AllianceBernstein Asset Management (Korea) Ltd.	Korea		100.00	%
AllianceBernstein Investments, Inc.	DE		100.00	%
AllianceBernstein Investor Services, Inc.	DE		100.00	%
AllianceBernstein Hong Kong Limited	Hong Kong		100.00	%
Sanford C. Bernstein Hong Kong Ltd	Hong Kong		100.00	%
AllianceBernstein Investments Taiwan Ltd.	Taiwan		100.00	%
Sanford C. Bernstein Limited	U.K.		100.00	%
SCB (CREST Nominees) Ltd.	U.K.		100.00	%
W.P. Stewart & Co., Ltd	Delaware		100.00	%

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WPS Advisors, Inc.	Delaware	100.00	%
W.P. Stewart Asset Management, Ltd.	Delaware	100.00	%
W.P Stewart & Co. (Europe), Ltd.	U.K.	100.00	%
W.P. Stewart Asset Management (NA), Inc.	New York	100.00	%
W.P. Stewart Asset Management (Curacao), N.V.	Curacao	100.00	%
W.P. Stewart Asset Management (Europe), N.V.	Netherlands	100.00	%
TPR Curacao N.V.	Curacao	100.00	%
WPSH Management N.V.	Curacao	100.00	%
W.P. Stewart Securities LLC	Delaware	100.00	%
W.P. Stewart Fund Management, S.A.	Luxembourg	100.00	%
Bowen Asia Limited	Hong Kong	100.00	%

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