Income MarcSeven Rider

Issue Requirements
  • The owner and annuitant must be the same person and joint owners must be spouses.
Rider Charge
  • Annual fee of 1.25% of accumulation value, deducted on each contract anniversary proportionately from each crediting account.
Income Withdrawls
  • 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 Account Calculation
  • The Income Withdrawal amount equals the benefit base multiplied by the income withdrawal percentage. The Benefit Base includes all premiums, plus 7% first-year bonus on premiums paid, less withdrawals, compounded at 7% annually for up to 7 years, or the start of income withdrawals, if earlier. 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.

Surrender of the contract may be subject to surrender charges or market value adjustment. Withdrawals before age 59½ may result in a 10% IRS penalty tax. Withdrawals do not participate in index growth. In the event of a full surrender, charges will apply to any penalty-free amounts taken during the same contract year. The surrender charge period and surrender charges may vary by state. Market Value Adjustment may not apply in all states. The 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 Income MarcSeven Index Annuity contract and its benefits. Contract issued on Form Series ICC16-ET-FIA7-2000(10-16) with rider ICC16-ET-IBR-ER-FIXED(07-16).  Product features, issue ages, riders and availability may vary by state. For costs and complete details of coverage, including any exclusions, reductions or limitations, and the terms under which the contract may be continued in force, contact your EquiTrust agent.