Year-End Client Letters and IMPORTANT INFORMATION about 2009 RMDs

At the end of each calendar year, as required by the IRS, EquiTrust Life mails year-end annuity contract valuations to contract holders who are subject to Required Minimum Distributions (RMDs).  Agents are mailed duplicate copies. These letters will be mailed beginning the week of 1/19/09.

This year, the letter also provides information regarding the temporary suspension of RMDs for 2009 by the Worker, Retiree and Employer Act of 2008, recently passed by Congress.  However, it does not apply to any RMD for 2008 permitted to be made prior to April 1, 2009. Any RMD that is to be made for 2008 must still be made. Also, this legislation does not waive RMDs for 2010.

Clients who are set up on automatic RMDs may suspend distributions for 2009 by completing the 2009 RMD Temporary Waiver Form.  The form is also available at the "Forms" link, form #ET-2546.   If this form is not completed, the automatic RMDs will be processed as normal.

PLEASE NOTE: During 2009, any RMDs taken prior to, or in conjunction with a full contract termination (distribution), WILL incur surrender charges, if applicable.

Questions? Email Customer.Service@EquiTrust.com or call Annuity Inforce Administration at 866-598-3692, option 3.