Index credits are based on the change in the index value for the policy year. The point-to-point strategy compares two points – the value of the index at the beginning of the policy year to the value at the end of the policy year. If the value is greater than the beginning value, you are credited with the percentage increase, multiplied by a participation rate.
The resulting amount is credited to your policy’s accumulation value at the end of the policy year. The participation rate may be reset at the beginning of each policy year at the discretion of EquiTrust, but can never be less than the guaranteed minimum participation rate.
Index credits for any crediting period can only be positive, or zero. Once added to your accumulation value, index credits are locked in. If the index is down for the year, the credited amount is zero. If index values decline in later years, any index credits previously added cannot be lost.
This index life insurance policy is not sponsored, endorsed, sold, guaranteed, underwritten, distributed or promoted by Goldman Sachs & Co. LLC or any of its affiliates with the exception of any endorsement, sales, distribution or promotion of this product that may occur through its affiliates that are licensed insurance agencies (excluding such affiliates, individually and collectively referred to as “Goldman Sachs”). Goldman Sachs makes no representation or warranty, express or implied, regarding the advisability of investing in life insurance policies generally or in index life insurance policies or the investment strategy underlying such policies particularly, the ability of the Goldman Sachs Dynamo Strategy Index to perform as intended, the merit (if any) of obtaining exposure to the Goldman Sachs Dynamo Strategy Index or the suitability of purchasing or holding interests in this policy. Goldman Sachs does not have any obligation to take the needs of the holders of this policy into consideration in determining, composing or calculating the Goldman Sachs Dynamo Strategy Index.
GOLDMAN SACHS DOES NOT GUARANTEE THE ACCURACY AND/OR COMPLETENESS OF THE GOLDMAN SACHS DYNAMO STRATEGY INDEX OR OF THE METHODOLOGY UNDERLYING THE INDEX, THE CALCULATION OF THE INDEX OR ANY DATA SUPPLIED BY IT FOR USE IN CONNECTION WITH THIS ANNUITY. GOLDMAN SACHS EXPRESSLY DISCLAIMS ALL LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGE EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
“Goldman Sachs,” “Goldman,” and “Goldman Sachs Dynamo Strategy Index” are trademarks or service marks of Goldman Sachs & Co. LLC and have been licensed for use by EquiTrust Life Insurance Company for use in connection with certain index life insurance policies.
This index strategy is issued on form series ICC11-ET-P2P (11-11) and is included with life insurance policy form series ICC11-ETL-IUL-2000(04-11) with rider ICC11-ETL-ADBR (03-11) and ICC13-ETL-IWL-2000(01-13) with rider ICC14-ETL-ADBR (08-14). Guarantees expressed are based on the claims-paying ability of EquiTrust Life Insurance Company. Products not available in all states.