MarketMax Index

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 rolled over or transferred into an IRA.

You 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 When you make withdrawals, surrender or annuitize your annuity, the amount withdrawn will not be credited with any index return to the current Indexing Period.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 After the first contract year, up to 10% of the Accumulation Value on the previous contract anniversary may be withdrawn each contract year without Surrender Charge or MVA, either systematically or as a single withdrawal.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 Surrenders
Any 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.