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For Producer Use Only
Sales Week: Competitive Income Benefit Riders = income your clients can’t outlive
GUARANTEED LIFETIME INCOME CAN HELP CLIENTS ACHIEVE THEIR RETIREMENT DREAMS
Income Benefit Riders make it all possible
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Have clients with concerns they’ll “run out” of retirement income? With the optional Income Benefit Riders (IBRs) available on several EquiTrust fixed index annuities (FIAs), your clients can cross this worry off the list.
IBR advantages
Each FIA features a unique IBR that pays out a lifetime stream of income without annuitization1, even if the contract’s Accumulation Value (AV) is depleted.
Plus, all our IBRs feature a range of valuable advantages for your clients.
The optional IBR is available on these EquiTrust products:
MarketPower Bonus Index®
MarketTen Bonus Index®
MarketValue Index®
MarketSeven Index®
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Advantage
How it works
Spousal continuation
With single life payout, income is recalculated based on spouse age and continues for their life
Enhanced Income Withdrawals (chronic illness doubler)
Income withdrawal amounts doubled for up to five years in the event of a chronic illness (up to 50% for joint owners), and stay doubled even if the Account Value reaches $0
Included at no additional cost
No confinement required — inability to perform 2 of 6 ADLs or permanent cognitive impairment
Approved in all states
Inherited IRAs
Available for Inherited IRAs2
IBR annual fee based on AV
Not the faster growing Benefit Base
Flexibility and control
Client may start and stop income payments when needed
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Plus! Our IBRs offer competitive rollup designs. The Benefit Base is equal to all premiums and premium bonuses (if applicable), less withdrawals, compounded at a defined rate, for either 7 or 10 years. The faster the Benefit Base accumulates, the greater the income.
Did you know EquiTrust accepts both Inherited and Stretch IRAs for new sales?
Call Sales Support at (866) 598-3694 to get more details.
Internal transfer program Retain and reposition business — and earn full compensation — with our internal transfer program. All EquiTrust traditional fixed and fixed index annuities outside of their surrender period can be transferred to any product currently offered by EquiTrust, with the exception of Confidence Income®.
We’re happy to provide more information about our Income Benefit Riders and how they can help your clients meet their income goals. Call us at (866) 598-3694.
1 Annuitization prior to the Income Date is not offered in TX.
2 For Inherited IRAs, the IBR does not continue upon the death of the beneficiary/owner. Withdrawals before age 59½ may result in a 10% IRS penalty tax.
Guarantees based on the claims-paying ability of EquiTrust Life Insurance Company.
MarketPower Bonus Index riders issued on Form Series ICC16-ET-IBR-FIXED(07-16) or ET-IBR(06-08); ICC17-ET-IBR-ER-A(04-17) or ET-IBR-ER-A(04-17). MarketTen Bonus Index riders issued on Form Series ICC16-ET-IBR-FIXED(07-16) or ET-IBR(06-08); ICC17-ET-IBR-ER-A(04-17) or ET-IBR-ER-A(04-17). MarketValue Index riders issued on Form Series ICC15-ET-IBR-STR(04-15) or ET-IBR-STR(04-15); ICC17-ET-IBR-ER-A(04-17) or ET-IBR-ER-A(04-17). MarketSeven Index riders issued on Form Series ICC16-ET-IBR- FIXED(07-16) or ET-IBR-FIXED(07-16); ICC17-ET-IBR-ER-A(04-17) or ET-IBR-ER-A(04-17).
EquiTrust does not offer investment advice to any individual or agent/producer and this material should not be construed as investment advice. Products underwritten, issued and distributed by EquiTrust Life Insurance Company, West Des Moines, Iowa.
