Fixed index annuity review and rates

MarketTen Bonus Index

A Flexible Premium Fixed Indexed Deferred Annuity with a Premium Bonus on premiums paid in the first five years. The product contains a Fixed Rate Account that earns a traditional interest rate and offers two Index Accounts, with a 10-Year Surrender Charge Period. As an additional guarantee, the cash surrender value will never be less than premiums, less withdrawals. This rider is automatically included on all contracts at no additional charge, subject to state availability. 
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, 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
3.2% Fixed
1-Year Barclays Focus 50 PTP Participation Rate
Point to Point
Annual
120% Participation
2-Year Barclays Focus 50 PTP Participation Rate
Point to Point
Biennial
165% Participation
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
6.5% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
45% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.35% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
6% Cap
2-Year S&P 500 PTP Monthly Average Cap
Point to Point
Biennial
Monthly average
15% Cap
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
140% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 10% 10% 10% 9% 7% 6% 4% 3% 2%

Riders

Name Inbuilt Fee
MarketTen Bonus Income Rider No 1.00% annually (1.00% max)
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
6%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
Qualified: $5,000
Non-Qualified: 1000000%
Types of funds
Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, 1035 Exchange, Stretch IRA, Inherited IRA, and TSP