EquiTrust Life Certainty Select 6
Current Fixed Rate
5.15%
The EquiTrust Life Certainty Select 6 is a single premium, fixed annuity with a six-year rate lock. It accepts both qualified and non-qualified money and includes a Market Value Adjustment. At maturity, owners can withdraw the full account value, renew for a new term, or exchange for another annuity with a different insurance company.
This annuity contract allows for free interest withdrawals after the first month. Qualified, non-qualified, TSP, and corporate deposits are all accepted. The full account value is available upon passing with no surrender charges.
In Florida, the contract will renew into a 1-year guarantee period with no surrender charges if no elections are made at maturity. In Alaska, Alabama, and South Carolina, owners may choose to begin a new guarantee period (with new surrender charges) or renew at an annually declared fixed rate with no surrender charges.
More Annuity options from: EquiTrust Life
Notable Features
This policy offers two riders at no extra charge. There is a Nursing Home Waiver that, after one year, allows for penalty-free withdrawals if the owner is confined for 90 days. There is also a terminal illness rider that, upon diagnosis, will waive surrender charges on 75% of the accumulated policy value.
Additional Details
Product Type
MYGA
Term
6 Years
Free Withdrawals Yr1 / Yr2+
Int / Int
Surrender Schedule
10%, 10%, 9%, 9% 8%, 8%, 0%
Maximum Age
90
Minimum Investment
$10,000
Maximum Investment
$1,000,000 without prior approval
What We Like About This Annuity
This is a mid-term annuity that allows for monthly interest withdrawals. There are no surrender charges at death and the contract does not automatically renew at maturity. There are no surrender charges at death. Rates are often very competitive nationally for a 6 year annuity.
Other Popular Products
EquiTrust Life offers several innovative annuities for income, growth and estate protection. Their new Bridge Annuity is a popular hybrid long-term care policy. Beyond that their single-premium, indexed life insurance policy (WealthMax) is a great product for transferring wealth to your beneficiaries.
About EquiTrust Life
EquiTrust Life
AM Best Rating: B++ Good (5th of 13 ratings)
https://www.equitrust.com/
About EquiTrust Life Insurance Company
Founded in 1996 and B++ rated with AM Best, EquiTrust Life is well-known for their annuity, long term care, and life insurance offerings nationwide. They hold an A- rating with Standard & Poor’s.
In 2003, they began operating in the independent-insurance channel, offering annuities to consumers. Their corporate headquarters is in Chicago, IL. All administration takes place out of West Des Moines, IA. Magic Johnson Enterprises acquired a controlling interest in 2015.
Through the years, they have amassed nearly $30 billion in assets and boast nearly a 95% investment-grade bond portfolio with a $110 solvency ratio. This high ratio represents their ability to meet all policy obligations.