RATE DECREASE EFFECTIVE 10/24/24 FOR MYGA, SPIA AND TRADITIONAL FIXED ANNUITY
EquiTrust is changing rates for Certainty Select®, Confidence Income® and ChoiceFour®
Transition rules
To receive the current rates, all application paperwork must be received by EquiTrust via mail, fax, E-Application or Upload a Doc no later than 5:00 p.m. Central, Wednesday, October 23, 2024 (the day before the new rates are effective).
Rate hold
If the initial premium is not received with the application but is received within 60 calendar days, the contract will be credited with the higher of the rates on the date of receipt of the application or the rates for new issues on the date the premium is received.
Updated rates as of 10/24/24
View the updated Interest Rate Summary with 10/24/24 rates.
| Certainty Select® Annuity (Multi-year guarantee annuity) | ||
| Guaranteed period | New rate | Previous rate |
| 3-year | 4.75% | 5.10% |
| 5-year | 5.00% | 5.20% |
| 6-year | 5.05% | 5.25% |
| 8-year | 5.10% | 5.35% |
| 10-year | 5.15% | 5.45% |
| ChoiceFour® Annuity (Traditional fixed annuity) | ||
| Annuity option | New rate | Previous rate |
| Base contract | 4.50% | 4.75% |
| MVA option | 4.50% | 4.75% |
| Liquidity option | 4.00% | 4.25% |
| MVA + Liquidity option | 4.00% | 4.25% |
| Confidence Income® Annuity (Single-premium immediate annuity) Monthly guaranteed payment on $100,000 premium |
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| Annuity option | New payment | Previous payment |
| 5-year fixed period | $1,818.42 | $1,826.81 |
| 10-year fixed period | $1,030.19 | $1,039.18 |
| 15-year fixed period | $773.61 | $783.24 |
| 20-year fixed period | $642.14 | $649.78 |
| Life only — Male 65 | $643.50 | $652.29 |
| Life only — Female 65 | $593.66 | $602.32 |
| Joint life — M65/F65 | $528.95 | $537.37 |
