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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.30%
7-Year
6.00%
10-Year
5.80%

MarketValue Index

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Highlights

The Market Value Index is a Flexible 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 10 years.
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
Type
Fixed Index
Purpose Lifetime Income
Term
10 Years
Surrender schedule
12%12%12%12%11%10%8%6%4%2%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Flexible premium Product Life
Market value adjustment
Return of premium
Launch date
07/07/2004
Minimum contribution
$10,000
Maximum contribution
$2,000,000
Max Age Qualified
80
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
Brochure
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Premium Notes

Initial Premium
Minimum Allocation of $2,000 in each account. Can select any combination of accounts subject to the minimum requirements. Indicate initial allocation above the Owner’s signature section of the Disclosure Form. The initial premium allocation must be completed to issue the contract. Must be whole percentages. The applicant may authorize to hold an issue in the event of multiple premiums.
Additional Premium
Automatically added to the 1-Year Interest Account at the time of receipt. On each contract anniversary, automatically reallocated between accounts according to most recent allocation instructions. 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 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
5% Fixed
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
12% Cap
1-Year S&P 500 PTP Monthly Average Participation Rate
Point to Point
Annual
Monthly average
100% Participation
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
10% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
50% Participation
2-Year S&P 500 PTP Monthly Average Cap
Point to Point
Biennial
Monthly average
20% Cap
1-Year Barclays Focus50 PTP Participation Rate
Point to Point
Annual
175% Participation
1-Year S&P MARC 5% ER PTP Participation Rate
Point to Point
Annual
200% Participation
2-Year Barclays Focus50 PTP Participation Rate
Point to Point
Biennial
225% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 12% 12% 12% 12% 11% 10% 8% 6% 4% 2%

Riders

Name Inbuilt Fee
Market Value Income Rider No 0.95% annually (0.95% 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.

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