Strategic Income Option

An optional rider that offers a guaranteed lifetime income based on a “stacked” 4.0% accumulation plus index and interest credits for up to 10 years. A 10% bonus is added to the benefit base for all first-year premiums. Provides a guaranteed income stream for life without annuitizing, and the flexibility to start and stop income payments. The rider has an annual charge. Ability to double withdrawal amounts in the event of chronic illness.

Issue Ages
  • All issue ages
Product Availability
  • The Strategic Income Option is available on the DynaMARC Index Annuity
Issue Requirements
  • The rider must be elected at issue.
Rider Charge
  • Annual fee of 0.95% of accumulation value, deducted on each contract anniversary proportionately from each crediting account.
Income Withdrawals

  • The rider guarantees lifetime income through income withdrawals, which continue even if the accumulation value is depleted. May begin any time after the first contract year and the owner’s age is at least 50.

Enhanced Income Withdrawals

  • Income withdrawal amount increased by 100% for single-life owner (50% for joint owners) for up to five years in the event of chronic illness, as defined in the product Disclosure Statement. Enhanced Income Withdrawals do not impact lifetime income payment amounts.

Income Withdrawal Amount Calculation

  • The Income Withdrawal amount equals the benefit base multiplied by the income withdrawal percentage. The Benefit Base includes all premiums, less withdrawals, increased on the anniversary by 4.0%- plus the weighted average of index and interest credits- for up to 10 years, or the start of income withdrawals, if earlier. A 10% bonus is added to the benefit base for all first-year premium. The benefit base is only used to calculate the income withdrawal amount. It is not available upon surrender, death or annuitization. Contact your agent for the current income withdrawal percentages.

Rider Termination
  • Rider may be terminated any time after the second contract year at the owner’s request. Once the rider is terminated, it cannot be restarted.

In the event of a full surrender, charges will apply to any penalty-free amounts taken during the same contract year. Withdrawals before age 59½ may result in a 10% IRS penalty tax. Withdrawals do not participate in index growth. Withdrawals prior to starting Income Withdrawals will reduce the Benefit Base proportionately. Your Maturity Date is shown as the Income Date on your Contract Data page. Guarantees expressed are based on the claims-paying ability of EquiTrust Life Insurance Company. EquiTrust cannot give legal, tax or accounting advice. Your personal tax advisor can provide important information with respect to the purchase of this annuity contract and its taxation.

This information briefly highlights EquiTrust’s Strategic Income Option and its benefits. Rider issued on Form Series ET-IBR- STR(04-15), ICC15-ET-IBRSTR(04-15), ICC15-ETIBR-STR(04-15) and ET-IBR-ER(04-15) and available on Contract Form Series ICC15-ETMTA-2000(04-15). The Enhanced Income Withdrawals rider for chronic illness is issued on Form Series ET-IBR-ER(04-15) or ICC16-ET-IBR-ER(09-16). May not be available in all states. For costs and complete details of coverage, including any exclusions, reductions or limitations, and the terms under which the Rider may be continued in force, contact your EquiTrust agent.