MarketSeven IndexTM Annuity

A flexible premium fixed index deferred annuity with a 7-year surrender charge schedule. Product contains a fixed-rate account that earns a traditional interest rate and a variety of index accounts.


Applicant Ages
  • 0-85 if Income Rider not elected; 40-85 if Income Rider elected (all Owners/Annuitants).

Minimum/Maximum Premium
  • Initial minimum: $10,000; Subsequent minimum: $2,000
    Subsequent annual maximum after year 1: $250,000
    Contract maximum without prior EquiTrust approval $1,000,000

Account Options

Fixed-Rate Account
1-Year Interest Account
  • The fixed rate is guaranteed for one contract year. On contract anniversaries the rate may change subject to the contractual Minimum Guaranteed Interest Rate. All subsequent premiums received are applied to this account until the contract anniversary, then allocated per your instructions.

S&P 500® Index Accounts
Index Credits
  • Index Credits will be added to the account at the end of each indexing period. Index Credits will never be less than zero.
Surrender Charge
  • Declining surrender charge- based on 7- year schedule (state variations apply). Percentage of accumulation value by contract year: 9, 8, 7, 6.5, 5.5, 4.5, 3.5, 0%.
    Surrender charges may vary by state. Applies to partial withdrawals in excess of the free-withdrawal amount. In the event of a full surrender, applies to accumulation value.

Penalty-Free Withdrawals
  • After the first contract year, up to 10% of the accumulation value on the previous contract anniversary may be withdrawn each contract year without surrender charge or MVA.
Death Benefit
  • Upon death of owner, accumulation value.
Nursing Home Waiver
  • After the first contract year, surrenders are not subject to surrender charges or MVA in the event of nursing home confinement of owner for 90 days. There is no charge for this rider.
Terminal Illness Rider
  • If the owner of the contract is diagnosed with a terminal illness, surrender charges and MVA are waived for a withdrawal of up to 75% of the accumulation value. There is no charge for this rider.

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 MarketSeven Index Annuity contract and its benefits. Contract issued on Form Series ICC16-ET-FIA7-2000(10-16) or ET-FIA7-2000(10-16). Riders issued on Form Series ICC16-ET-AVGR(10-16) or ET-AVGR(10-16); ICC16-ET-IBR-FIXED(07-16) or ET-IBR-FIXED(07-16); ICC17-ET-IBR-ER-A(04-17) or ET-IBR-ER-A(04-17); ICC18-430-NHW(06-18) or 430-NHW(08-03); and ICC16-ET-TI(10-16) or ET-TI(10-16). Index accounts issued on Form Series ICC18-ET-P2P(05-18), ICC18-ET-1PP(05-18), ICC18-ET-MAVG(05-18), ICC18-ET-1AP(05-18), ICC18-ET-1MC(05-18), ICC18-ET-2YR(05-18), ICC18-ET-1PPGS(05-18), ICC18-ET-2PPGS(05-18), ICC19-ET-1PP(05-19), ICC19-ET-2PP(05-19), ET-1PPGS(10-16), ET-2PPGS(10-16), ET-1PP(05-19) and ET-2PP(05-19).