Ratings:

A.M. Best B++
Fitch A-
S&P A-
Comdex 51

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

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MarketSeven Index

A leading supplier of annuity and life insurance products in the US, the EquiTrust Life Insurance Company was established in 1996. Nearing three decades of experience in the retirement sector, the company has demonstrated exceptional developments over the years thanks to its focus on delivering client-friendly annuity and life insurance solutions. Striving to consistently improve the services it offers to customers, EquiTrust has made the “Ward’s 50” best life and health insurance companies for a number of consecutive years.

15 customer reviews

MarketSeven Index

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Ratings:

A.M. Best B++
Fitch A-
S&P A-
Comdex 51

About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

7 Years

Surrender schedule

9%8%7%6.5%5.5%4.5%3.5%

Fee withdrawal:

10%

Flexible premium

Product Life

Market Value Adjustment

Yes

Return Of Premium

No x

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, Inherited IRA, and TSP

Launch Date

01/15/2019

MarketSeven Index is a Flexible Premium Fixed Index Deferred Annuity with an income benefit rider option. The product contains a Fixed-Rate Account and a variety of Index Accounts, three of which feature 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	4.5% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	8% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	45% Participation
1-Year S&P 500 PTP Monthly Average Cap	Point to Point Annual Monthly average	11% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate	Point to Point Annual Monthly average	80% Participation
1-Year S&P 500 PTP Monthly Sum Cap	Point to Point Annual Monthly sum	2.15% Cap
2-Year S&P 500 PTP Monthly Average Cap	Point to Point Biennial Monthly average	18% Cap
2-Year Barclays Focus 50 PTP Participation Rate	Point to Point Biennial	215% Participation
1-Year S&P MARC 5% ER PTP Participation Rate	Point to Point Annual	190% Participation
1-Year Barclays Focus 50 PTP Participation Rate	Point to Point Annual	170% Participation
1-Year S&P 500 Dynamic Intraday TCA PTP Participation Rate	Point to Point Annual	70% Participation
1-Year S&P 500 Performance Trigger	Performance Triggered Annual	7% Performance triggered

Surrender schedule

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

Riders

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

Waivers

Nursing Home

Available for applicant ages 0-80 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.

Premium Notes

Initial Premium
Minimum: $10,000
After your initial premium payment, you may add subsequent premiums at any time. You may allocate your premiums among the crediting accounts.
Additional Premium
Subsequent Premium can be contributed multiple times in a year.
Subsequent annual maximum premium after year 1: $250,000.

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.

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