Thursday, May 28, 2015

Am Equity Rate Change Effective June 5, 2015

 

DATE:

May 27, 2015

TO:

American Equity NMOs and Agents

FROM:

Jessica Kilker, Vice President — Marketing Services

RE:

Rate Change Effective June 5, 2015


Rate Adjustments Effective June 5, 2015

American Equity's Choice Series rates will change on June 5, 2015. We are happy to announce that rates are increasing on the Fixed Interest Value. In addition, the Asset Fee on the Volatility Control Index is decreasing. However, it was necessary to reduce the Participation Rate on the Choice 10 Annual Point to Point only. Please see the grids below for new crediting rates.

To receive the current rate on the Choice 10 Annual Point to Point with Participation Rate, original applications along with cash or 1035/Direct Transfer paperwork must be received in our office by 4:45PM CT on Thursday, June 4, 2015. Transfer funds must be received in our office by 4:45PM CT on Thursday, July 2, 2015. Transfer funds received after Thursday, July 2, 2015 will receive the new rates indicated below. NO EXCEPTIONS!

Choice 10 (ICC14 IDX8-10)*

CURRENT RATES

NEW RATES

INTEREST CREDITING METHODS

Fixed Value

1.95%

2.25%

Annual PTP - cap

5.00%

NO CHANGE

Annual PTP - PR

50%

45%

Monthly PTP - cap

2.00%

NO CHANGE

Volatility Control Index w/Asset Fee

1.25%

1.00%

 

Choice 8 (ICC14 IDX8-8)*

CURRENT RATES

NEW RATES

INTEREST CREDITING METHODS

Fixed Value

1.75%

2.05%

Annual PTP - cap

4.75%

NO CHANGE

Annual PTP - PR

40%

NO CHANGE

Monthly PTP - cap

1.90%

NO CHANGE

Volatility Control Index w/Asset Fee

1.50%

1.25%

 

Choice 6 (ICC14 IDX8-6)*

CURRENT RATES

NEW RATES

INTEREST CREDITING METHODS

Fixed Value

1.60%

1.90%

Annual PTP - cap

4.50%

NO CHANGE

Annual PTP - PR

35%

NO CHANGE

Monthly PTP - cap

1.80%

NO CHANGE

Volatility Control Index w/Asset Fee

1.75%

1.50%



*May vary by state.

Rate Change Memo — Choice Series

05/27/2015

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Monday, May 18, 2015

Income for Life Rider Change, Effective 6/1

 

Income For Life Rider Changes
Effective June 1

EquiTrust announces modifications to Income For Life, the income benefit rider available on fixed index annuities.

The Benefit Base roll-up rate and income-withdrawal percentages will change.
• The Benefit Base* rollup rate will be revised to 6.0%
• The income withdrawal percentages will be decreased by 0.25% for all
  age groups

*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.

Click here for revised Agent Guide; all rider sales materials reflecting these changes will be available on Agents.EquiTrust.com on Thursday, May 28.

Requirements
• Original Applications must be in our office by 5/29/15 to receive the 6.5%
   rollup rate and higher withdrawal percentages.
• If faxed applications are received at EquiTrust by 5:00 PM (Central) on
   Friday, 5/29/15 AND ORIGINAL application packets are received no later
   than Monday, 6/1/15, the contract will be issued with the 6.5% rollup rate
   and higher withdrawal percentages.
• A revised rider disclosure dated 6/15 will be required for applications
   received on or after 6/1/15 in which the rider is elected.

New Recruiting Flyer
Show your agents the advantage of compounding the spread-bonus payments when you combine Income For Life with MarketTwelve's 12% bonus! Click here

Questions? Call EquiTrust Sales Support at 866-598-3694, email Sales.Support@EquiTrust.com, or visit the Agent Website at Agents.EquiTrust.com.

 


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-1045

 

 

Sent to:jesse@schaeferfinancialgroup.com
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Sent By:

EquiTrust Life Insurance Company

7100 Westown Pkwy Suite 200

West Des Moines Iowa 50266-2521
U.S.A.

 

 

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