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For Producer Use Only
SALES WEEK: October's Ideal to Pitch Short-Term Products to your Clients
OCTOBER OFFERS A UNIQUE OPPORTUNITY TO SELL FIXED ANNUITIES
October is often referred to as CD Renewal Month. It’s a busy time for people looking to renew the 6-month CDs they used to shelter their April tax returns. And that spells opportunity for you!
Offer CD alternatives
Your clients may want an alternative to a CD — maybe a product with a higher rate. Or a vehicle that can take them into retirement and provide a stream of income.
Let’s compare. When set up properly, fixed annuities and CDs have similarities, but also some important differences:
FIXED ANNUITIES vs. CDs
Benefit
Fixed Annuities
CDs
Guaranteed1 income stream
Yes
No
Tax-deferred growth
Yes
No
Penalty-free withdrawals
Yes, some
No
Bypass of probate
Yes
Yes
Principal protection
Yes
Yes
Insured growth
Yes (by the issuing company)
Yes (by the FDIC)
The EquiTrust options
We can help you offer clients the benefits of fixed annuities.
Certainty SelectTM
SPDA featuring multi-year rate guarantees
ChoiceFour®
SPDA featuring a one-year annual reset interest rate
Confidence Income®
SPIA featuring fixed-period, single-life and joint-life payment options
Free withdrawals of cumulative interest – anytime, without surrender charge or MVA
Applicant ages 0-90
Nursing Home Waiver Rider, applicant ages 0-80
Terminal Illness Rider
Full Accumulation Value at death
Premium Bonus Option: 1.50% when MVA is elected
Free withdrawal privileges: 10% free withdrawals after first year; interest only in first year (liquidity option)
Applicant ages 0-85
Accumulation Value at end of surrender period – fully liquid contract continues earning tax-deferred interest; no surrender charges
Renewal rates will never go below 1%
Converts lump sum into a stream of guaranteed income
Applicant ages: fixed period: 0-90; single life/joint life: 0-85
Will send SPIA payments to a different carrier to fund a life insurance policy
To talk about these options or get a customized quote, call (866) 598-3694.
?
We’ve extended our MarketPower Bonus and MarketTen Bonus 9% Rollup Rate2special offer through Oct. 31, 2022.
Looking for ideas and inspiration? Check out our pre-recorded webinars. You’ll get sales ideas to help with your upcoming client appointments and more. Watch now.
1. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company.
2. This is the benefit-base bonus applied only to the income rider value — not to the contract's accumulation value. Withdrawals before age 59½ may result in a 10% IRS penalty tax.
Certainty Select Contract issued on Contract Form Series ET-MYG-2000(06-09) (not available in OR), or ICC13-ET-MYG-2000(07-13). Choice Four Contract issued on Contract Form Series ET-SPA-2000(11-04) or ICC16-ET-SPA-2000(07-16). Confidence Income Contract issued on Contract Form Series ET-SPIA(08-06). EquiTrust does not offer investment advice to any individual or agent/producer and this material should not be construed as investment advice. 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.
