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
Ratings:
- A.M. Best B++
- Fitch A-
- S&P A-
- Comdex 51
About Product
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% |
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
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
Note: TSP funds have to be transferred or rolled over into an IRA.
Withdrawal Provisions
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.
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