AXA Equitable Life Insurance Co. launched its new variable annuity with a dual-account investment platform, Retirement Cornerstone, in response to “vulnerable individuals’ investment portfolios,” the company said.

The variable annuity has a tax-deferred investment platform that supports two interactive accounts.

One account is focused on maximizing investment performance and the other on providing retirement protection, according to the company.

“Last year’s market meltdown was a stark reminder of how vulnerable individuals’ investment portfolios can be,” said Christopher M. “Kip” Condron, chairman and chief executive officer of AXA Equitable, said in a statement. “We believe that Retirement Cornerstone represents a unique response to that sense of vulnerability. It can offer an easy way for investors to put cash back to work and take advantage of what they see as the best growth opportunities, as well as providing downside protection for retirement income.”