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MarketForce Bonus

The MarketForce Bonus annuity is a reliable option for those eyeing a secure future. Its fixed rate promises a steady flow of income post retirement. And the added perk? The bonus feature that instantly beefs up your funds!

Stress less about market swings! Say yes to the peace of mind and financial security offered by the MarketForce Bonus annuity. The retirement road just got smoother!

MarketForce Bonus

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About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

Term

10 Years

Surrender schedule

16%

14.5%

13%

11.5%

9.5%

6.5%

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, and TSP

Launch Date

12/07/2021

MarketForce Bonus is a Single Premium Fixed Index Deferred Annuity with a 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, 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% Fixed
1-Year S&P MARC 5% ER PTP Participation Rate with Fee	Point to Point Annual	190% Participation
1-Year Barclays Focus50 PTP Participation Rate with Fee	Point to Point Annual	170% Participation
1-Year S&P 500 PTP Participation Rate with Fee	Point to Point Annual	50% Participation
1-Year S&P 500 PTP Cap with Fee	Point to Point Annual	8% Cap
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	130% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	5% Cap
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Annual	50% Participation
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	4.5% Performance triggered

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	16%	15%	13%	12%	10%	8%	7%	5%	3%	1%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

No Riders for MarketForce Bonus annuity.

Waivers

Nursing Home

Available for all applicant ages at no charge. After the first contract year, access up to 100% of the Accumulation Value in the event of nursing home confinement of owner for 90 days. The nursing home waiver does not include home health care.

Terminal Illness

Available for all applicant ages at no charge. Access up to 75% of the Accumulation Value in the event of the owner's terminal illness.

Annuitization

Unavailable in states: TX

On the Income Date, the Accumulation Value is applied to the payment option elected. The Income Date is the first contract anniversary after the Annuitant's 105th birthday. By current company practice, the Accumulation Value is available for annuitization after the fifth year if a minimum payout of 5 years or life is elected.

Premium Notes

Initial Premium
Minimum: $10,000;
Contract maximum without prior EquiTrust approval: $2,000,000
Additional Premium
Subsequent minimum: $2,000

Subsequent Premium can be contributed multiple times in a year. Subsequent premiums (first-year only) automatically added to the 1-Year Interest Account at time of receipt, then at contract anniversary reallocated among accounts according to current allocation instructions.

Note: TSP funds have to be transferred or rolled over into an IRA.

Withdrawal Provisions

Free WithdrawalsBy current company practice, systematic withdrawals of interest are allowed in the first year from the 1-Year Interest Account without charges. After the first contract year, up to 10% of the Accumulation Value on the previous contract anniversary may be withdrawn each contract year without Surrender Charge or MVA, either systematically or as a single withdrawal. Single withdrawals can be requested at any time, but must be at least $250 per request. Systematic withdrawals are available monthly, quarterly, semiannually or annually, and must be taken by EFT. Partial and Full SurrendersAny withdrawal over the 10% penalty-free amount will be subject to surrender charges and a Market Value Adjustment. In the event of a full surrender, you will receive the cash surrender value of your contract as a lump sum.

Company Founded: 1996

Good Rated Company

EquiTrust Life Insurance Company

Company Ratings