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MarketTen Bonus Index

The MarketTen Bonus Index annuity really shines in its ability to provide reliable income in retirement. It's an excellent choice for those wanting security and peace of mind for their future. The bonus feature adds a nice touch to your earning potential.

Reviewing the brochure, it's clear the product is designed with the customer in mind - adding safety for the invested money, and the option to start receiving income whenever you choose. A true must-have for a worry-free, enjoyable retirement.

MarketTen Bonus Index

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Premium Bonus

Term

10 Years

Surrender schedule

10%

8.5%

5.5%

1.5%

Fee withdrawal:

10%

Flexible premium

Product Life

Market Value Adjustment

Yes

Return Of Premium

Yes

Minimum Contribution

Qualified: $5,000
Non-Qualified: $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

06/28/2007

MarketTen Bonus Index is a Flexible Premium Fixed Indexed Deferred Annuity with a Premium Bonus on premiums paid in the first five years. The product contains a Fixed Rate Account that earns a traditional interest rate and offers two Index Accounts, with a 10-Year Surrender Charge Period. As an additional guarantee, the cash surrender value will never be less than premiums, less withdrawals. This rider is automatically included on all contracts at no additional charge, subject to state availability.

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	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%

Hypothetical Projection

Comparison against S&P 500 using current rates

See if this annuity ranks in your top 3 for Ohio

Investment Amount

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

Initial Premium
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

Subsequent Premiums automatically added to the 1-Year Interest Account at the time of receipt. On each contract anniversary, automatically reallocated between accounts according to the most recent allocation instructions. Subsequent Premium can be contributed multiple times in a year.

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

Withdrawal Availability May begin anytime after 1st contract year and age 50Systematic Withdrawal Systematic withdrawal is available on a monthly, quarterly, semiannual, or annual basis. Systematic Withdrawals are automatically deposited in your bank account. 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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