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For Producer Use Only
Newswire: Rate change effective 1/24/24 for all FIAs
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RATE DECREASE EFFECTIVE 1/24/24 FOR ALL EQUITRUST FIXED INDEX ANNUITIES
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EquiTrust is decreasing rates on some accounts for all FIAs — including Bridge®.
Transition rules
To receive the current rates, all application paperwork must be received by EquiTrust via mail, fax, E-Application or Upload a Doc no later than 5:00 p.m. Central time, Tuesday, January 23, 2024 (the day before the new rates are effective).
Rate hold If the initial premium is not received with the application but is received within 60 calendar days, the contract will be credited with the higher of the rates on the date of receipt of the application or the rates for new issues on the date the premium is received.
Fixed index annuity with long-term care (LTC) benefits
Bridge
Rate as of 1/24/24
Previous rate
1-Yr Interest
5.00%
5.50%
S&P 500 1-Yr Pt-to-Pt Cap
10.00% — No change
S&P 500 1-Yr Pt-to-Pt Participation
50.00% — No change
S&P 500 1-Yr Mo Avg Participation
100.00% — No change
Focus50 1-Yr Pt-to-Pt Participation
150.00% — No change
MARC 5% 1-Yr Pt-to-Pt Participation
175.00% — No change
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Premium bonus special remains in effect!
During this special, premium bonuses are increased by 2%1 on all our bonus FIAs: MarketTen Bonus Index®, MarketForce Bonus Index™ and MarketPower Bonus Index®.
1Premium bonus on MarketForce Bonus Index™ increased by 3% in CA.
EquiTrust does not offer investment advice to any individual and this material should not be construed as investment advice. Products underwritten, issued and distributed by EquiTrust Life Insurance Company, West Des Moines, Iowa.
