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MarketMax Index

The MarketMax Index Annuity truly shines for future planning. It provides a secure way to grow your retirement fund, ensuring you don't lose money, regardless of market fluctuations.

More than just safety, the brochure highlights the potential for impressive earnings during robust market years. It's surely a smart, stress-free tool for a stable financial future.

MarketMax Index

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

10 Years

Surrender schedule

6.5%

5.5%

4.5%

3.5%

2.5%

1.5%

0.5%

Fee withdrawal:

10%

Flexible premium

Product Life

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

A Flexible Premium Fixed Index Deferred Annuity. Rate Buy-Up feature provides higher cap and participation rates in exchange for a 1% 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	4.25% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	7.5% Cap
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	180% Participation
1-Year S&P 500 PTP Cap with Fee	Point to Point Annual	9% Cap
1-Year S&P 500 PTP Participation Rate with Fee	Point to Point Annual	55% Participation
1-Year Barclays Focus50 PTP Participation Rate with Fee	Point to Point Annual	200% Participation
1-Year S&P MARC 5% ER PTP Participation Rate with Fee	Point to Point Annual	225% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Annual	65% Participation
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	6.5% Performance triggered

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

No Riders for MarketMax Index 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 Values is applied to the payment option elected. The Income Date is the first contract anniversary after the Annuitant's 100th birthday. By current company practice, the Accumulation Valued 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 annual maximum after year 1: $250,000

Subsequent Premium can be contributed multiple times in a year. Subsequent premiums 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

Liquidity Features and important termsYou may receive partial surrenders or periodic income payments from your annuity by submitting a request acceptable to the Company. When you make withdrawals, surrender or annuitize your annuity, the amount withdrawn will not be credited with any index return to the current Indexing Period. Withdrawals do not participate in any index gains during the Contract Year of the withdrawal. You may be subject to a 10% Federal penalty tax if you make withdrawals or surrender your annuity before age 59½.Free withdrawals By 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