EquiTrust New Business Processing Standards = 5-8 business days
(For in-good-order business, from application received to issue or request transfer of funds.)
EQUITRUST STANDS
OUT WITH RENEWAL RATE TRANSPARENCY
Tell clients about the importance of a strong renewal rate history
At EquiTrust, we make renewal rate transparency a priority, providing more than a flashy, upfront rate.
Strong renewal rates Our history of strong renewal rates is one we're proud to share. Check out this flyer to see renewal rates over 14 years on our MarketPower Bonus Index®fixed index annuity (FIA).
When your client purchases an EquiTrust FIA, the interest rate environment helps determine the caps or participation rates of the annuity. Rates are reset at the beginning of each new account term (either annually or every two years). Renewal rates can be affected by:
Option costs — An insurance company purchases options that hedge the index accounts of the FIA. Changes in market volatility or short-term interest rates impact option costs, which affect where cap and participation rates are set at the time of renewal.
Bond yields — Changing bond yields affect the rates at which a company can reinvest, which can then impact fixed rates, caps and participation rates upon renewal.
We make it easy to view renewal rate history for any EquiTrust product from the date of contract issue.
1 Premium bonus on MarketForce Bonus IndexTM increased by 3% in CA.
With the exception of the 1-Year Interest Account, renewal rates do not reflect actual credited rates or the amounts credited to the account. The actual credited amounts are based on the performance of the S&P 500 Index, subject to the renewal cap or participation rate.
EquiTrust does not offer investment advice to any individual or agent/producer and this material should not be construed as investment advice. Products underwritten, issued and distributed by EquiTrust Life Insurance Company, West Des Moines, Iowa.
