Index credits to your policy’s Accumulation Value are based on the average of the monthly values of the S&P500® Index for the policy year compared to the index value at the beginning of the policy year. The date of each monthly index value used is the date of your policy anniversary.
If the average of these monthly values is greater than the beginning index value, the percentage change is multiplied by a participation rate. The resulting amount is credited to your policy’s Accumulation Value at the end of each policy year.
The participation rate may be reset at the beginning of each policy year at the discretion of EquiTrust Life Insurance Company, but can never be less than the guaranteed minimum participation rate of 10%.
Once added to your Accumulation Value, index credits are locked in. If index values decline in later years, any index credits previously added cannot be lost. If the monthly average is less than the beginning value, the credited amount is zero. However, policy expense charges, cost-of-insurance rates and policy fees can reduce your Accumulation Value.
The S&P 500® Index is a product of S&P Dow Jones Indices, LLC. (“S&P DJI”) and has been licensed for use by EquiTrust Life Insurance Company. S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services, LLC. (“S&P”). These trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by EquiTrust Life Insurance Company. EquiTrust index life insurance policies are not sponsored, endorsed, sold or promoted by S&P DJI, S&P, or any of their respective
affiliates or third party licensors, and none of such parties make any representation regarding the advisability of purchasing EquiTrust index life insurance policies nor do they have any liability for any errors, omissions, or interruptions of the S&P 500.®
Index life insurance policies are not stock-market investments and do not directly participate in any equity investments. The market index does not include dividends paid on underlying stocks, and therefore does not reflect the total return of underlying stocks. Purchases of index life insurance policies are not direct investments in the S&P 500® Index. Withdrawals from a policy may be subject to surrender charges.
This index strategy is issued on form ICC17-ETL-1YAVGPART(01-17) and is included with life insurance policy
series ICC19-ETL-IUL-2000(01-19) or ETL-IUL-2000(01-19). Products not available in all states. EquiTrust Life
Insurance Company, West Des Moines, Iowa.