Investors who opt for this index choice invest in the S&P MARC 5% Index, which invests in the S&P 500, commodities and U.S. Treasury notes and bonds. In bonus indexed annuities , the company offers MarketTwelve Bonus Index which is an annuity with a 12% bonus that takes a period of three years. EquiTrust Life Insurance Company ("EquiTrust"), gives you the ability to access content on this website (“Site”), www.equitrust.com.You can use this Site for our product information, educational content, services, and self-help tools ("Online Activities"). Check out a Long Term Care Annuity to supplement your long term care insurance needs. This single premium traditional fixed annuity features a one-year annual reset interest rate, meaning that the interest rate you receive is determined annually. If you withdraw money from your annuity before you turn age 59.5, you will receive a penalty of 10% plus ordinary income taxes from the IRS. The MARKETPOWER BONUS PLUS INDEX, Form # ET-MPP-2000 (02-05) and Group Certificate Form Series ET-MPP-2000C (02-05) or state variation, is a single premium fixed and equity indexed deferred annuity. The cost of nursing care later in life can have a severe impact on retirement resources. Equitrust Life Insurance is also an inexpensive way to leave a death benefit to beneficiaries. Life Insurance These are the two most common products with any life insurance carrier, since annuities and life insurance somewhat go hand-in-hand. For the most accurate information, please request info in the Request Quote form. You have the option to stop Income Withdrawals at any time. Annuity FYI offers no financial products and does not furnish individual investment or financial advice. Additional premium payments are directed to the 1-Year Interest Account until the next contract anniversary, at which time they can be reallocated. He has trained financial professionals on annuities and insurance products for over 10 years. Your resource for learning about, comparing, and selecting the most competitive annuities since 2000. So, annuity buyers – generally a cautious lot – may happily settle for lower equity returns in FIAs – the price of admission – in exchange for protection against losses. Lifetime Income Benefit, Enhanced Long Term Care Benefit, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, 401k, Cash, IRA, Non-Qualified Money, Qualified Retirement Plans, Roth IRA, SEP IRA, TSA 403b. If your selected index continues steady growth, your Accumulation Value grows. It gives you more growth potential than a fixed annuity along with less risk and less potential return than a variable annuity. * All fields marked with an asterisk required. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. Market Twelve Bonus Index is a single premium fixed indexed deferred annuity with 14 year surrender period, available to single persons and couples age 0 to 75. Your existing fixed, variable, and indexed annuities can be easily exchanged into a new annuity contract through a process known as 1035 exchange. In addition to this, the S&P 500 MARC 5% index also offers a risk control mechanism that periodically increases stock market exposure by increasing the allocation to the index up to 150%. Once the rider is terminated, it cannot be restarted. Blueprint Income. Any time after the first contract year and age 50, you can elect to begin Lifetime Income Withdrawals. EquiTrust Life Insurance Company describes the Choice Four fixed annuity as a traditional fixed-rate annuity product that offers a choice of durations, with annual reset interest. If the index declines, your Accumulation Value is simply unchanged from the preceding period’s Accumulation Value. Contract ownership change – other than a spousal continuation or the addition of a spousal joint owner, Excess Withdrawals that reduce the Accumulation Value to zero. At the end of the surrender charge period, you have access to your contract’s full Accumulation Value with no surrender charges. Necessary cookies are absolutely essential for the website to function properly. Under certain situations, your payments may increase. control to start and stop income payments, cost of nursing care later in life can have a severe impact on retirement resources. A guaranteed income rider is available for .95% a year and offers a 10% bonus on the annuity income base in the first year, as well as a home healthcare income doubler in the event of a lengthy illness. The Chairman of Presidential Life said that this was one of many options reviewed for the company’s future. By using this website, you agree to the following Disclaimer, Terms and Conditions, and Privacy Policy. The owner must be 40 or older to elect the Income Rider. Plus, there are tax advantages to owning a fixed annuity. In addition, when the market is becoming volatile, the index temporarily lightens up on stocks and puts more into cash. Amid a pandemic and a severe recession, purchasing the right fixed indexed annuity (FIA) – an annuity offering exposure to the stock market while sidestepping losses in a down market – may be the smartest move you can make. EquiTrust was purchased by Guggenheim Partners from FBL Financial Group from 2011. An FIA with a Generous Index Participation Rate and Asset Flexibility May Be Your Best Bet in These Trying Times. Qualified funds are 401k, IRA, SEP, 403b, TSA, etc. Two multi-asset, risk-controlled index options provide an extra level of diversification. My Annuity Store offers you an innovative and personalized experience simplifying the task of planning for retirement. The term “our” or “we” means Annuity FYI, its website(s), and any agent of Annuity FYI. For the indexed account, returns depend on which index you choose to follow, how much you allocate to the account and how that index returns. EquiTrust does not offer investment advice to any individual or agent and this material should not be construed as investment advice. Equitrust Market Value Index Annuity Brochure. A Fixed Indexed Annuity (FIA) grows based on the performance of a stock market index (e.g., S&P 500, Nasdaq, DJIA) with protections against loss. This rule primarily applies to deferred annuities like a variable, indexed, or fixed rate. After Income Withdrawals start, the annual penalty-free withdrawal amount is the greater of 10% of the Accumulation Value or your Income Withdrawal. The product range offered by EquiTrust to individuals includes fixed and indexed annuities, mutual funds and life products. Withdrawals from Roth IRA annuities are tax-free as long as the IRS requirements are met. MARKETTEN BONUS INDEX from EquiTrust Life Insurance Company® gives you benefits when markets are rising, and security when they’re fluctuating. A chronic illness is defined as the permanent inability to perform at least two of six activities of daily living, which include: If utilized, the original income payment amount resumes when Enhanced Income Withdrawals end. DynaMARC™ Indexed Annuity; EquiTrust began its annuity & insurance operations in 2003. All Rights Reserved. If you are diagnosed with a terminal illness, charges will be waived for a withdrawal of up to 75% of the Accumulation Value. EquiTrust Financial Services has been in the investment field for over 60 years that has seen it grow in provision of fixed and traditional annuities. Equitrust Market Value Index Annuity $ 10,000.00 Equitrust Market Value is a 10-year fixed index annuity built for safe growth and provides a retirement income for life. Any amount withdrawn in addition to your Income Withdrawal is considered an Excess Withdrawal, with the exception of a Required Minimum Distribution. Income Withdrawals may begin anytime after the first contract year and age 50 (both owners). If you are under age 59 ½ at the time of withdrawal, an additional 10% IRS penalty may be imposed. Fill in the form below to find an Annuity FYI-Affiliated Financial Advisor or registered agent in your area, who will be happy to meet with you and answer any of your questions via phone. Market Value Index annuity never exposes your principal to market risk. As of April 2011, Equitrust operates as a subsidiary of FBL Financial Group, Inc. It's tied to the S&P 500, and there are 6 indexed crediting strategies to choose from (plus a fixed account if your client prefers a guaranteed rate). EquiTrust does not publish its fixed interest rates for this annuity. Through early August, the index returned 8.84%, partly on the strength of a sharp rally in gold, while the S&P 500 was barely positive. After your contract is issued, you have a specified number of days to review it; see your contract for complete details. Sales of equity-indexed annuities (EIAs)—also known as "fixed-indexed insurance products" and "indexed annuities"—have grown considerably in recent years.Although one insurance company at one time included the word "simple" in the name of its product, EIAs are anything but easy to understand. First of all, this is a Fixed Index Annuity (FIA). Fixed Indexed Annuity (FIA) A fixed indexed annuity is a tax-deferred, long-term savings option that provides principal protection in a down market and opportunity for growth. The stock market has been unusually strong in recent months, after a stunning sell-off in February and March. No income taxes are payable until you receive a payment from your contract. Shawn’s main focus is on educating both financial professionals and consumers on annuities, insurance, and retirement planning strategies. EquiTrust has primarily focused on two main product lines: 1. It boasts life insurance & annuity products that are competitive and client-friendly. Speak to an advisor by calling 1-866-223-2121 or completing the form below. Your accumulation value is protected in down market years Your contract’s cash surrender value is available to you as a lump sum at any time. Fixed Annuities 2. If you would like all initial premiums to be allocated to the index accounts, you may authorize the Company to wait to issue the contract until all specified premiums are received. If this sounds like your cup of tea, especially because you are worried about another stock market selloff, the question then becomes which FIA to buy. For additional peace of mind, your contract includes a Nursing Home Waiver. A Name You Can Trust As you plan for long-term financial security, you look to a name you can trust. FOR AGENT USE ONLY. But opting out of some of these cookies may have an effect on your browsing experience. The minimum investment in EquiTrust MarketValue 10 is $10,000. Athene’s current focus is retail sales of fixed and indexed annuities and reinsurance. The rider may be elected during the annuity application process only and cannot be added after the annuity contract has been issued. If the Excess Withdrawal amount exceeds the penalty-free provisions of the contract, it may be subject to a surrender charge or. Your entire premium amount is credited to the Accumulation Value. Why an Alert on Equity-Indexed Annuities? All quotes, applications, rate lock ins, or offers to sell are handled by an unrelated financial services firm that is not affiliated with or owned by AFYI Holdings Group LLC. Why Choose EquiTrust Life As My Index Annuity Carrier? One that warrants a hard look is EquiTrust MarketValue 10, an FIA whose range of options includes a so-called low-volatility index to mitigate risk. EquiTrust Life will provide a 12 percent bonus paid over three years. “The purpose of this annuity is to generate a good return while still enjoying a safe place to put your money,” says one annuity expert familiar with this product. How is this FIA faring this year? He told me about a fixed indexed annuity at a place called XXXXXXXX. This field is for validation purposes and should be left unchanged. “If you buy an annuity that beats the return of plain-vanilla fixed annuities by a few percentage points a year, you have done well. The term “you” means a user of this website. An immediate annuity pays a guaranteed and specified cash flow comprised of both principal and interest for a selected period of time – which may be for the life of the owner(s), or a specified period of time. Rates on 1035 Exchanges and Transfers will be held for 60 days from the date the application and supporting documents are received at EquiTrust. You are guaranteed to receive no less than 87.5% of your premiums – less any partial withdrawals – accumulated at the minimum guaranteed contract rate. It pays a 6% bonus on your investment for the first year and is currently paying a 1.2% fixed rate on top of that. Individual Fixed Annuity Sales Breakout 3rd Quarter YTD 2020 ($ in thousands) Rank Company name Fixed-Rate Deferred Company name Indexed Company name Payout Annuities1 1 Massachusetts Mutual Life 5,177,523 Athene Annuity & Life Co. 3,984,628 New York Life 2,387,770 The minimum investment in EquiTrust MarketValue 10 is $10,000. Disclaimer*: Brochures may vary by state. Through early August, the index returned 8.84%, partly on the strength of a sharp rally in gold, while the S&P 500 was barely positive. Excess Withdrawals reduce future Income Withdrawals and the Benefit Base proportionately to the reduction in Accumulation Value. At the end of the surrender charge period, your cash surrender value will equal the full Accumulation Value. Compare and request a quote. These cookies do not store any personal information. The so-called participation rate – the percentage gain in the index you pocket if it rises – is a generous 100%. 5 & 6 year $100,000 fixed annuity rates as of 4/1/2020 from blueprintincome.com. Death of first contract owner, unless spousal continuation is elected. The rider will be terminated automatically upon: Shawn Plummer is Director of Advanced Annuity and Insurance Sales representing over 50 insurance companies including Fortune Global 500 Corporations. Equitrust MarketPower Bonus Fixed Indexed Annuity $ 10,000.00 Equitrust Market Power Bonus is a 14-year index fixed annuity built for providing a retirement income for life. The ability to double your income for up to five years in the event of a chronic illness. NOT FOR USE WITH THE PUBLIC . Product offerings include index-linked life insurance – primarily for the purpose of wealth transfer – and annuities for income.
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