| Income For Life Rider Change
Effective 2/13/15 EquiTrust announces a modification to Income For Life, the income benefit rider available on fixed index annuities.
For Applications received on or after 2/13/15 the Benefit Base rollup period maximum will be shortened to 10 years.
Requirements
• Original Applications must be in our office by 2/12/15 to receive the 15-year
rollup period.
• If faxed applications are received at EquiTrust by 5:00 PM (Central) on
Thursday, 2/12/15 AND ORIGINAL application packets are received no later
than Friday, 2/13/15, the contract will be issued with the 15-year rollup period.
• A revised rider disclosure dated 2-15 will be required for applications
received on or after 2/13/15 in which the rider is elected.
The Benefit Base is a calculation used to determine payout amounts available with the rider. The Benefit Base does not impact the annuity's
Accumulation Value.
Despite the change – necessitated by the low interest-rate environment – Income For Life remains a highly competitive income rider!
• 6.5% rollup rate for 10 years
• Available on all index annuities
• Income available after 2nd year and age 50
• Guaranteed income for life – without annuitizing
• Start and stop payments as needed
• Annual fee of 0.75% of Accumulation Value
• Payments continue even if Accumulation Value is depleted
The Longer You Wait to Begin Payments, The Greater The Income | $100,000 Premium
Annual Income Withdrawal Starting After: | Age At Issue | 2 Years | 5 Years | 10 Years | | 60 | $5,104 | $6,850 | $10,324 | | 65 | $5,671 | $7,535 | $11,263 | | 70 | $6,238 | $8,221 | $12,201 | | 75 | $6,805 | $8,906 | $13,140 | |
Sales Materials
• Client Brochure
• Agent Guide
• Client Flyer
• MarketTwelve Bonus Example
Questions? Send an email to EquiTrust Sales Support,
call 866-598-3694, or visit our website Agents.EquiTrust.com.
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Rider provisions and availability may vary by state. Rider issued on Form Series ICC11-ET-IBR-B(11-11) or ET-IBR(06-08)(not available in OR). EquiTrust Life Insurance Company, West Des Moines, IA. For Producer Use Only. IC15-ECN-1009 |
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