Each EquiTrust Index Annuity features a unique income benefit rider (IBR) that pays lifetime income even if the contract's Accumulation Value is depleted. IBR competitive advantages include:
EquiTrust IBRs are available for Inherited IRAs.*
Rider payments may be doubled for up to 5 years in the event of a chronic illness (up to 50%) for joint owners); included at no additional cost.
– No confinement required – 2 of 6 Activities of Daily Living
– Also applied to Extreme Permanent Cognitive Impairment
– Withdrawals may continue even if the accumulation value is depleted
– Approved in all states
Upon spousal continuation of lifetime payments with single life payout, income is recalculated and continues for the life of the spouse even if Accumulation Value is depleted.
Fee Based on Accumulation Value!
Annual fee is based on the contract's Accumulation Value – not the faster-growing Benefit Base.
Varied Rollup Designs!
The Benefit Base is equal to all premiums and premium bonuses, less withdrawals, compounded at a defined rate, for either 7 or 10 years. The faster the Benefit Base accumulates, the greater the income.