WealthSure Life®

Single premium interest-sensitive whole life insurance

Applicant Ages
  • 55-85
Minimum/Maximum Premium
  • $10,000 premium / Max: $750,000 face amount
Minimum Guaranteed Interest Rate
  • 3%
Face Amount
  • The initial face amount is the single premium multiplied by the face amount factor applicable to the insured’s age, gender and tobacco usage.
Death Benefit
  • The death benefit is the greater of the face amount and the accumulation value multiplied by the minimum death benefit factor applicable to the insured’s age, gender and tobacco usage.
Accelerated Death Benefit Rider
  • In the event of certain health conditions of the insured, a portion of the Death Benefit may be accelerated. The rider is available at no charge and is included with the policy automatically. Benefits may be accelerated for Terminal Illness, Nursing Care Confinement or Chronic Care.
Policy Values
  • Accumulation value is based on current interest rate and current cost of insurance (COI) rates, but will never be less than the minimum guaranteed cash value provided with the policy. Policy Values will be reduced by the monthly policy fee.
Surrender Charge
  • The policy can be surrendered (fully or partially) at any time. Surrender in excess of a penalty-free withdrawal may be subject to a surrender charge, which is a percentage of accumulation value. Year 1 2 3 4 5 6 7 8 9 10 11 Charge 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0
Penalty-Free Withdrawals
  • After the first policy year, owner may take a partial withdrawal up to 5% of the accumulation value without surrender charges each year. Withdrawals will reduce the face amount proportionally. One withdrawal per year; $25 fee per withdrawal
Loans
  • Loans are available from your policy. Variable loan interest rate declared at least annually. Contact EquiTrust for the current loan rate. The maximum loan amount is the cash value less loan interest accrued to the next anniversary. A policy may become over-loaned and lapse if the loan is not repaid. Waiting period may apply in some states
Pre-Qualification
  • Client must be a U.S. citizen or carry a valid Green Card. Clients with certain pre-existing conditions are uninsurable and will not be considered for this policy

The policy must be in force at the time of death to pay a death benefit. The death benefit will be reduced by any outstanding loan balance at the time of death. The death benefit is also reduced by any payment of Accelerated Death Benefits or partial withdrawals. EquiTrust cannot give legal, tax or accounting advice. Your personal tax advisor can provide important information with respect to the purchase of this policy and its taxation. Withdrawals are subject to a $25 fee. Withdrawals before age 59½ may be subject to an additional 10% federal tax penalty. Contract surrender charges may also apply. The policy will lapse if the loan balance exceeds the cash surrender value. A policy lapse may be a taxable event. A waiting period for loans may apply. This policy may be a “Modified Endowment Contract” (MEC) as defined by IRS section 7702A. Distributions including policy loans from a MEC may be treated as taxable income and subject to federal income penalty. Accelerated Death Benefits may vary by state, including waiting periods after issue date, exclusion of Nursing Care Confinement or Chronic Care benefits, Administrative fees, definitions of illness, or discount factors. Refer to the Accelerated Death Benefit Rider Disclosure included with the Application for Rider provisions in your state. Accelerated Death Benefits may be payable in the event of either terminal illness or chronic illness, but not both. Accelerated Death Benefits may be income-tax free. You should consult a qualified tax professional for information on how benefits received may impact your personal situation. Rider provisions, availability and definitions may vary by state. Guarantees expressed are based on the claims-paying ability of EquiTrust Life Insurance Company.

For Florida residents, a surrender charge will not be deducted if the insured qualifies under the Waiver of Surrender Charge Rider.  Surrender or partial withdrawal is available without Surrender Charge if the insured is confined to a nursing home after the first policy year. Nursing care stay must be at least 90 consecutive days, and confinement expected to be permanent. Benefits are available after the policy has been inforce for a year.

This information briefly highlights WealthSure Life insurance policy and its benefits. Policy issued on Contract Form Series ETL-ISWL-2000(01-10) with Rider ETL-ADBR(05-10) and ICC11-ETL-ISWL-2000(03-11) with Rider ICC11-ETL-ADBR(03-11). 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 policy may be continued in force, contact your EquiTrust agent.