MarketTen Bonus 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.
MarketTen Bonus Index
Ratings:
- A.M. Best B++
- Fitch A-
- S&P A-
- Comdex 51
About Product
Non-Qualified: $10,000
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
3.25%
Fixed
|
1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
7%
Cap
|
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 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 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 10% | 10% | 10% | 10% | 9% | 7% | 6% | 4% | 3% | 2% |
Riders
Name | Inbuilt | Fee |
---|---|---|
MarketTen Bonus Income Rider | No | 1.00% annually (1.00% max) |
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.
Premium Notes
Miniumum: $10 000 NQ, $5 000 Q;
Contract maximum without prior EquiTrust approval: $2 000 000
Additional Premium
Subsequent minimum: $2 000
Subsequent annual maximum after year 1: $250 000
Notes:
Withdrawal Provisions
May begin anytime after 1st contract year and age 50
Systematic Withdrawal