Fixed index annuity review and rates

MarketForce Bonus

A Single Premium Fixed Index Deferred Annuity with an 8% Premium Bonus on premiums paid in the first year. Rate Buy-Up feature provides higher cap and participation rates in exchange for a 1.50% annual fee. Product contains a Fixed-Rate Account and a variety of Index Accounts, including custom, risk-controlled indices: Barclays Focus50 Index and S&P MARC 5% Excess Return Index.
Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.15% Fixed
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
200% Participation
1-Year Barclays Focus50 PTP Participation Rate
Point to Point
Annual
170% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
42% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9% Cap
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
135% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
6% Cap

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 16% 15% 13% 12% 10% 8% 7% 5% 3% 1%
EquiTrust Life Insurance Company
Founded: 1996
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Premium bonus
8%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, and TSP