Income Benefit Rider Changes – Effective 4/1/21
Income Benefit Rider Changes Effective 4/1/21
Changes are being made to the income benefit riders (IBR) available with EquiTrust Index Annuities. Depending on the product, either the Roll-Up Rate or Income Withdrawal Percentages will change, or both. These changes apply only if the IBR is added. MarketPower Bonus Index Rollup Rate: Income Withdrawal Percentages: MarketTen Bonus Index Rollup Rate: Income Withdrawal Percentages: MarketValue Index Rollup Rate: Income Withdrawal Percentages: MarketSeven Index Rollup Rate: Income Withdrawal Percentages: Revised Forms 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
*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.
Illustrations 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.
Questions? Call Sales Support IC21-ECN-1028 FOR PRODUCER USE ONLY EquiTrust 7100 Westown Pkwy Suite 200 |