Disclosure Statements for all index annuities, and Disclosure & Comparison of Products forms for MarketValue Index and MarketTen Bonus Index only, are revised. The revision date is 04-21. The revised forms are now on AppBuilder and E-App.
Transition Rules for IBR Changes
- Applications received before 4/1/21 will be issued with the previous, higher Rollup Rates and Income Withdrawal Percentages.
- Revised Rollup Rates and Income Withdrawal Percentages shown above will apply to applications received on or after 4/1/21.
- Beginning 4/1/21, revised Disclosure Statements (all index annuities) dated 04-21* are required if the IBR is added. For sales involving replacements, revised Disclosure & Comparison of Products forms dated 04-21 for MarketValue Index and MarketTen Bonus Index are required; Disclosure & Comparison of Products forms for MarketPower Bonus Index and Market Seven Index are dated 11-20.
- If the IBR is not added, the new 04-21 Disclosure Statements will be required starting 5/1/21.
*New Jersey Disclosure Statements are unchanged and dated 04-20.
Revised Sales Materials – Order Supplies Now
The new Rollup Rates and Income Withdrawal Percentages are reflected in client brochures and agent guides with a “4-21” revision date next to the form number. Order supplies at Agents.EquiTrust.com, Forms & Supplies tab – click here; login is required.
Online illustrations created between 3/15/21 and 4/1/21 allow you to choose either the new or former Rollup Rates and Income Withdrawal Percentages; beginning 4/1/21 the new rates/percentages will be illustrated.
Learn More About the Competitive Income Benefit Riders
Download overview flyer ET-IBRALL, click here.