ChoiceFour Liquidity
Planning for retirement couldn't get any better with ChoiceFour Liquidity. This annuity product certainly helps bring peace of mind and guarantees tax-deferred growth. This product stands out due to its adaptability to different financial horizons, having an option for those needing accessibility to their payments and those who desire to maximise their future interests.
What's truly appealing about this annuity is that it lets you choose from four different offerings that best suit your financial status and needs, from Base Contract to Market Value Adjustment, Liquidity and Combination of both options. The flexibility offered ensures your retirement terms truly match your lifestyle and monetary expectations. Moreover, the EquiTrust management style assures security and a trusted partnership for the years ahead. Relax, your future is in good hands with ChoiceFour Liquidity.
ChoiceFour Liquidity
About Product
Traditional Fixed Annuity Interest Rates
| Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
|---|---|---|---|
| 6 | 4% | 3.17% | 4% |
- Base Contract
- MVA Option
- Liquidity Option
- MVA + Liquidity Option
Minimum/Maximum Premium
- Minimum $10,000 NQ/Q
- Maximum $2 Million
- ChoiceFour (Base Contract) and ChoiceFour (MVA) - Prior 12 months interest
- ChoiceFour (Liquidity) and ChoiceFour (Liquidy + MVA) - Interest-only on 1st contract year, By Current Company Practice, 10% of Account Value years 2+
Upon the death of Owner, Accumulation Value.
Annuitization Benefit
On the Income Date, the Accumulation Value is applied to the payment option elected. The Income Date is the first contract anniversary after the Annuitant’s 100th birthday. By current company practice, the Accumulation Value is available for annuitization after the fifth year if a minimum payout of 5 years or life is elected.
Notes:
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.
Riders
No Riders for ChoiceFour Liquidity annuity.
Waivers
Death
Upon death of first Owner, accumulation value. Surrender charges and MVA are waived.
Nursing Home
Unavailable in states: MA
Available through applicant age 80. After the first contract year, access to full Accumulation Value is available in the event of nursing home confinement of owner for 90 days. There is no charge for this rider. 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.
Annuitization
Available after the fifth year if a minimum payout of 5 years or life is elected.
- A.M. Best B++
- Fitch A-
- S&P A-
- Comdex 51
