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NEWSWIRE: Rate Change on Index Annuities and SPIA – Effective 10/20/20

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Rate Change on Annuity Products

Effective October 20, 2020
(Rate hold requirement date October 19th)

 

Rate Decrease on Volatility-Controlled Index-Annuity Accounts and Confidence Income Annuity (SPIA).

 

Transition Rules

To receive the current rates, applications must be received via mail, fax or E-App on Monday, October 19th by 5:00 PM (Central).

 

If fax is confirmed, do not resend; please allow for processing time. 

Annuity Products


MarketPower Bonus Index

1-Yr Interest

S&P 500 1-Yr Pt-to-Pt Cap

S&P 500 1-Yr Mo Avg Cap

S&P 500 1-Yr Mo Avg Part

S&P 500 1-Yr Mo Cap

S&P 500 2-Yr Mo Avg Cap

Focus50 1-Yr Pt-to-Pt Part

Focus50 2-Yr Pt-to-Pt Part

Rates if Income Rider
Not Elected

1.15% (no change)

2.25% (no change)

2.50% (no change)

25.00% (no change)

1.30% (no change)

5.00% (no change)

40.00% (formerly 45.00%)

60.00% (formerly 65.00%)

Rates if Income Rider
is Elected
1.00% (no change)
2.00% (no change)

2.25% (no change)

23.00% (no change)
1.15% (no change)

4.00% (no change)

35.00% (formerly 40.00%)

55.00% (formerly 60.00%)


MarketTen Bonus Index

1-Yr Interest

S&P 500 1-Yr Pt-to-Pt Cap

S&P 500 1-Yr Mo Avg Cap

S&P 500 1-Yr Mo Avg Part

S&P 500 1-Yr Mo Cap

S&P 500 2-Yr Mo Avg Cap

Focus50 1-Yr Pt-to-Pt Part

Focus50 2-Yr Pt-to-Pt Part

Rates if Income Rider
Not Elected

1.10% (no change)

2.25% (no change)

2.50% (no change)

23.00% (no change)

1.20% (no change)

5.00% (no change)

35.00% (formerly 45.00%)

55.00% (formerly 65.00%)

Rates if Income Rider
is Elected
1.00% (no change)
2.00% (no change)

2.25% (no change)

18.00% (no change)
1.10% (no change)

4.00% (no change)

30.00% (formerly 40.00%)

50.00% (formerly 60.00%)


MarketValue Index

1-Yr Interest

S&P 500 1-Yr Pt-to-Pt Cap

S&P 500 1-Yr Pt-to-Pt Part

S&P 500 1-Yr Mo Avg Cap

S&P 500 1-Year Mo Avg Part

S&P 500 1-Year Mo Cap

S&P 500 2-Yr Mo Avg Cap

Focus50 1-Yr Pt-to-Pt Part

Focus50 2-Yr Pt-to-Pt Part

MARC 5% 1-Yr Pt-to-Pt Part

Rates if Income Rider
Not Elected

2.50% (no change)

4.25% (no change)

28.00% (no change)

4.75% (no change)

45.00% (no change)

2.00% (no change)

10.00% (no change)

80.00% (formerly 85.00%)

115.00% (formerly 120.00%)

95.00% (formerly 100.00%)

Rates if Income Rider
is Elected
2.25% (no change)
4.00% (no change)

25.00% (no change)

4.50% (no change)
35.00% (no change)

1.80% (no change)

9.00% (no change)

70.00% (formerly 75.00%)

95.00% (formerly 100.00%)

85.00% (formerly 90.00%)


MarketSeven Index

1-Yr Interest

S&P 500 1-Yr Pt-to-Pt Cap

S&P 500 1-Yr Pt-to-Pt Part

S&P 500 1-Yr Mo Avg Cap

S&P 500 1-Year Mo Avg Part

S&P 500 1-Year Mo Cap

S&P 500 2-Yr Mo Avg Cap

Focus50 1-Yr Pt-to-Pt Part

Focus50 2-Yr Pt-to-Pt Part

MARC 5% 1-Yr Pt-to-Pt Part

 

Rates if Income Rider
Not Elected

2.25% (no change)

4.00% (no change)

26.00% (no change)

4.50% (no change)

43.00% (no change)

1.90% (no change)

9.00% (no change)

75.00% (formerly 80.00%)

110.00% (formerly 115.00%)

85.00% (formerly 90.00%)

Rates if Income Rider
is Elected
2.00% (no change)
3.75% (no change)

24.00% (no change)

4.25% (no change)
38.00% (no change)

1.65% (no change)

8.00% (no change)

60.00% (formerly 65.00%)

85.00% (formerly 90.00%)

70.00% (formerly 75.00%)

Confidence Income Annuity (Single Premium Immediate Annuity)
Monthly Guaranteed Payment on $100,000 Premium)

5-Year Fixed Period

10-Year Fixed Period

15-Year Fixed Period

20-Year Fixed Period

Life Only - Male 65

Life Only - Female 65

Joint Life - M 65 / F 65

$1,671.15 (no change)

$899.09 (formerly $907.59)

$653.22 (formerly $666.64)

$534.72 (formerly $546.47)

$486.27 (formerly $499.71)

$439.97 (formerly $453.00)

$386.13 (formerly $398.58)

Click here to see the Annuity All Product Summary with 10/20/20 rates.

 

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

 
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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-1109

FOR PRODUCER USE ONLY

EquiTrust

7100 Westown Pkwy Suite 200
West Des Moines, IA 50266