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MarketPower Bonus Index

The MarketPower Bonus Index Annuity is an outstanding tool for solid retirement planning. With its special bonus feature, you get an immediate 10% boost to your purchase payments, which means your retirement savings grow right from the start!

This Annuity also offers flexible growth strategies to keep your money safe, yet still let it flourish. Whether you're retired or just planning ahead, this is a wonderful way to ensure financial comfort and peace of mind for your future.

MarketPower Bonus Index

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Premium Bonus

10%

Term

14 Years

Surrender schedule

20%

19%

18%

17%

16%

14%

12%

10%

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, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, 1035 Exchange, Stretch IRA, and TSP

Launch Date

02/02/2004

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

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3.25% Fixed
1-Year S&P 500 PTP Monthly Average Participation Rate	Point to Point Annual Monthly average	65% Participation
1-Year S&P 500 PTP Monthly Average Cap	Point to Point Annual Monthly average	7% Cap
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	1.75% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	6% Cap
2-Year S&P 500 PTP Monthly Average Cap	Point to Point Biennial Monthly average	17% Cap
1-Year Barclays Focus50 PTP Participation Rate	Point to Point Annual	125% Participation
2-Year Barclays Focus50 PTP Participation Rate	Point to Point Biennial	170% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	140% Participation
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	5% 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%

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

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.

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 transferred or rolled over 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.

Company Founded: 1996

Good Rated Company

EquiTrust Life Insurance Company

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