annuity-educator-logo
Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

MarketPower Bonus Index

Get an annuity today!
Learn how an annuity can provide guaranteed income for life.

Highlights

The Market Power Bonus Index is a Single Premium Deferred Annuity Contract with fixed and indexed interest accounts is issued by EquiTrust Life Insurance Company. This contract is intended for retirement funding or other long-term accumulation needs. Substantial contract-imposed penalties may apply to full and partial withdrawals in the first 14 years. 
Available in states: AL, AK, AZ, AR, 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
Type
Fixed Index
Purpose Lifetime Income
Premium Bonus
12%
Term
14 Years
Surrender schedule
20%20%19%19%18%17%16%14%12%10%8%6%4%2%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
02/02/2004
Minimum contribution
$10,000
Maximum contribution
$2,000,000
Max Age Qualified
75
Types of funds
Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, 1035 Exchange, Stretch IRA, and TSP
Brochure
Open brochure

Find out if the MarketPower Bonus Index is the right product for you.

Premium Notes

Initial Premium
Minimum: $10,000;
Additional Premium
After your initial premium payment, you may add subsequent premiums during the first contract year. You may allocate your premiums among the crediting accounts. Subsequent Premium can be contributed multiple times in a year. 

Premium and Transfers 
Transfers May transfer Accumulation Value between accounts for each contract anniversary.
The minimum transfer amount is $2,000. The minimum balance in an account after a transfer is $2,000 if any balance remains. Transfers out of the 2-year account allowed only at the end of the two-year indexing period.

Notes:
SIMPLE IRA Transfers only
If the IRA owner dies on or after 1/1/20, the new SECURE Act rules apply.
Applicable beneficiaries now fall under two categories: Eligible and Ineligible Designated Beneficiaries.
Stretch IRA is available only to Eligible Designated Beneficiaries.
Inherited IRA is available to Ineligible Designated Beneficiaries – withdrawal or taxation of funds by 12/31 of the 10th year following the IRA owner’s death now applies to Ineligible Designated Beneficiaries.
TSP funds have to be rolled over or transferred into an IRA.

Withdrawal Provisions

Systematic 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 EFT. 

Free Withdrawals 
By current company practices, systematic withdrawals of interest are allowed in the first year from the Fixed Rate Account without Surrender Charge or MVA. Interest withdrawals must be taken via electronic funds transfer (EFT). 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 EFT. 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
3.5% Fixed
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
75% Participation
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
8% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.85% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
7% Cap
2-Year S&P 500 PTP Monthly Average Cap
Point to Point
Biennial
Monthly average
18% Cap
1-Year Barclays Focus50 PTP Participation Rate
Point to Point
Annual
135% Participation
2-Year Barclays Focus50 PTP Participation Rate
Point to Point
Biennial
180% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
150% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate
Point to Point
Annual
60% Participation
1-Year S&P 500 Performance Trigger
Performance Triggered
Annual
6% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Penalty 20% 20% 19% 19% 18% 17% 16% 14% 12% 10% 8% 6% 4% 2%

Riders

Name Inbuilt Fee
Market Power Income Rider No 1.25% annually (1.25% max)

Waivers

Nursing Home

Unavailable in states: MA

Available for all applicant ages. There is no charge for this rider. After the first contract year, requires nursing home confinement of Owner for 90 days. Not available in all states. The nursing home waiver does not include home health care.

Terminal Illness

Unavailable in states: PA

Available for all applicant ages. There is no charge for this rider. No surrender charge on up to 75% of the Accumulation Value in the event of a terminal illness. Features and availability may vary by state.

Ready to Protect Your Financial Future?

Request a free quote or talk to our financial expert to get help