Roth IRA conversions are available on all inforce EquiTrust deferred annuity contracts
Have you had conversations with clients about Roth IRAs and converting money over from a traditional vehicle?
Good news — we make it easy. Partial Tax Conversion (PTC) is available on any Qualified, inforce EquiTrust deferred annuity. With PTC, your clients with an EquiTrust Traditional, SEP or SIMPLE IRA can transfer money over time into a Roth IRA contract.
What are the advantages of a Roth IRA conversion?
Spread taxes out over a period of time rather than having to pay them all at once
Choose when and how much to convert (one PTC allowed per contract year)
Potential tax savings for clients whose tax bracket will likely be higher in retirement
Potential for tax-free growth in Roth contract
Tax-free distributions after age 59½1
No Required Minimum Distributions (RMDs)
Nontaxable income for beneficiaries2
Our mirrored contract simplifies the process
Our systematic process generates a new contract that mirrors the original contract, except for the tax qualification, with the same:
Want to talk about how a PTC can help your clients looking to convert to Roth? Call Sales Support at 866-598-3694 or email Sales.Support@EquiTrust.com.
1 The Owner is required to wait five years and until age 59½ before distributions are tax-free. Distributions are reportable, but not taxable, assuming all IRS rules have been met.
2 Withdrawals of earnings may be subject to income tax if the Roth account is fewer than five years old at the time of the withdrawal.
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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.
