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Exciting Opportunities for Accumulation – With Less Volatility!

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CHANGES To All Index Annuities:

Custom, Risk-Control Options Added

Income-Rider Withdrawal Percentages Lowered

 

New indices are available for your index-annuity clients! In addition to the popular S&P 500® Index, annuity buyers can allocate all or a portion of their money to two new volatility-control indices – managed by Barclays Bank PLC or S&P Dow Jones Indices LLC.

 

MarketPower Bonus Index and MarketTen Bonus Index Accounts:

1 fixed-rate; 7 index-linked: 5 S&P 500, 2 Barclays Focus50

 

MarketValue Index and MarketSeven Index Accounts:

1 fixed-rate; 9 index-linked: 6 S&P 500, 2 Barclays Focus50, 1 S&P MARC 5%

 

To view the revised All-Product Summary, click here

 

Volatility-control indices appeal to accumulation-focused clients who wish to diversify beyond equities, and seek more consistent annual credits.

 

New Indices – Effective 4/1/20 

Barclays Focus50 IndexTM
• Available with all four index annuities

• Seeks growth opportunities while limiting volatility through exposure to a dynamic combination of U.S. stocks and U.S. Treasury Indices.

• 1-Year Point-to-Point Participation and 2-Year Point-to-Point Participation Accounts

• Client-Use Video – Click Here

• Client-Use Flyer – Click Here

 

S&P MARC 5% Excess Return Index

• Available with MarketValue Index and MarketSeven Index

• Seeks multi-asset diversification within a simple risk-weighting framework of three asset-class indices: equities, commodities, and fixed income

• 1-Year Point-to-Point Participation Account

• Client-Use Video – Click Here

• Client-Use Flyer – Click Here

 

Transition

The new indices and index accounts are available on or after April 1, 2020. Revised Disclosure Statements dated 04-20 are on AppBuilder and E-App now, and must be used in order to elect the new accounts. The 04-20 Disclosure Statements are required beginning April 15, 2020. 

 

Goldman Sachs Dynamo Strategy Index Removed – Effective 4/15/20

Currently available on MarketValue Index and MarketSeven Index, the Dynamo Index will not be available for applications received on or after April 15, 2020. For MarketValue Index and MarketSeven Index applications received before April 15, 2020, the Dynamo Index will be available. To elect Dynamo Index-linked accounts before the April 15 app-received deadline, use Disclosure Statements dated 01-19 – available on The Buzz.

 

Income Rider Changes – Effective 4/15/20

Income Withdrawal Percentages on income benefit riders will be lower for applications received on or after April 15, 2020. The new Income Withdrawal Percentages are reflected in sales materials which show a revision date of “3-20” next to the form number in the lower left corner. Online illustrations created between April 1 and April 14 will allow you to choose either the new or old Withdrawal Percentages; beginning April 15 the new Withdrawal Percentages will be illustrated. The Income Rider Calculator will reflect the Withdrawal Percentage change on April 15. Applications received before April 15 will receive the current, higher Income Withdrawal Percentages. The new Income Withdrawal Percentages apply to applications received on or after April 15, 2020; 04-20-dated Disclosure Statements are required.

 

Revised Sales Materials – Order Supplies Now

Client brochures and agent guides dated 3-20 (on the back page, lower left corner) reflect all the changes described above: addition of the Focus50 Index and MARC 5% Index accounts, removal of the Dynamo Index accounts, and lower Income Withdrawal Percentages. For the apps-received period April 1 – April 14, the Focus50, MARC 5% and Dynamo-linked accounts will be available concurrently, and the current, higher Income Withdrawal Percentages available. Order supplies at Agents.EquiTrust.com, Order Supplies link – click here; login is required.  

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

 
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The “S&P Multi-Asset Risk Control 5% Excess Return Index” and “S&P 500®” Indices (“Indices”) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and have been licensed for use by EquiTrust Life Insurance Company (“the Company”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by the Company. The products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Indices.


Neither Barclays Bank PLC, or Barclays Capital Inc., nor any affiliate (collectively “Barclays”) is the issuer or producer of the products – index annuity contracts – (“the contracts”) and Barclays has no responsibilities, obligations or duties to investors in the contract. The Barclays Focus50 Index (“the Index”) including as applicable any component indices that form part of the Index is a trademark owned by Barclays Bank PLC, or Barclays Capital Inc., and licensed for use by EquiTrust Life Insurance Company (“EquiTrust”) as the Issuer of the contracts. While EquiTrust as the issuer of the contracts may for itself execute transaction(s) with Barclays in or relating to the Index in connection with the contract investors acquire the contracts from EquiTrust and investors neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in the contracts. The contracts are not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the contracts or use of the Index or any data included therein. Barclays shall not be liable in any way to the Issuer, investors or to other third parties in respect of the use or accuracy of the Index or any data included therein.


Bloomberg Index Services Limited is the official index calculation and maintenance agent of the Index, an index owned and administered by Barclays. Bloomberg Index Services Limited does not guarantee the timeliness, accurateness, or completeness of the Index calculations or any data or information relating to the Index. Bloomberg Index Services Limited makes no warranty, express or implied, as to the Index or any data or values relating thereto or results to be obtained therefrom, and expressly disclaims all warranties of merchantability and fitness for a particular purpose with respect thereto. To the maximum extent allowed by law, Bloomberg Index Services Limited, its affiliates, and all of their respective partners, employees, subcontractors, agents, suppliers and vendors (collectively, the “protected parties”) shall have no liability or responsibility, contingent or otherwise, for any injury or damages, whether caused by the negligence of a protected party or otherwise, arising in connection with the calculation of the Index or any data or values included therein or in connection therewith and shall not be liable for any lost profits, losses, punitive, incidental or consequential damages.

 

These annuities are not sponsored, endorsed, sold, guaranteed, underwritten, distributed or promoted by Goldman Sachs & Co. LLC or any of its affiliates with the exception of any endorsement, sales, distribution or promotion of this product that may occur through its affiliates that are licensed insurance agencies (excluding such affiliates, individually and collectively referred to as “Goldman Sachs”). Goldman Sachs makes no representation or warranty, express or implied, regarding the advisability of investing in annuities generally or in fixed indexed annuities or the investment strategy underlying such annuities particularly, the ability of the Goldman Sachs Dynamo Strategy Index to perform as intended, the merit (if any) of obtaining exposure to the Goldman Sachs Dynamo Strategy Index or the suitability of purchasing or holding interests in these annuities. Goldman Sachs does not have any obligation to take the needs of the holders of these annuities into consideration in determining, composing or calculating the Goldman Sachs Dynamo Strategy Index. GOLDMAN SACHS DOES NOT GUARANTEE THE ACCURACY AND/OR COMPLETENESS OF THE GOLDMAN SACHS DYNAMO STRATEGY INDEX OR OF THE METHODOLOGY UNDERLYING THE INDEX, THE CALCULATION OF THE INDEX OR ANY DATA SUPPLIED BY IT FOR USE IN CONNECTION WITH THESE ANNUITIES. GOLDMAN SACHS EXPRESSLY DISCLAIMS ALL LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGE EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. “Goldman Sachs,” “Goldman,” and “Goldman Sachs Dynamo Strategy Index” are trademarks or service marks of Goldman Sachs & Co. LLC and have been licensed for use by EquiTrust Life Insurance Company for use in connection with certain fixed indexed annuities.

 

Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services.

 
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IC20-ECN-1022

FOR PRODUCER USE ONLY

EquiTrust

7100 Westown Pkwy Suite 200
West Des Moines, IA 50266