Dynamo 2-Year Point-to-Point Participation Index Account

Index credits are based on the change in the index value for the two-year contract period. The point-to-point strategy compares two points – the value of the Goldman Sachs Dynamo Strategy Index® at the beginning of the contract period to the value of the end of the two-year period.

Any point-to-point percentage increase is multiplied by a participation rate. The resulting amount is credited to your annuity’s Accumulation Value at the end of each two-year contract period. The participation rate may be reset at the beginning of every two contract years 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 period, the credited amount is zero. If index values decline in later years, any index credits previously added cannot be lost.

This annuity 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 annuities generally or in fixed indexed annuities or the investment strategy underlying such annuities 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 annuity. Goldman Sachs does not have any obligation to take the needs of the holders of this annuity 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 fixed indexed annuities.

This index strategy is issued on form series ICC15-ET-2PP (04-15) and is included with annuity form series ET-MTA-2000(06-07) or ICC15-ET-MTA-2000(04-15) with rider 430-NHW (08-03). The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. Products not available in all states.