Certainty Select 5
Certainty Select 5
Multi-Year Guarantee Annuity
Issuing Insurance Company and Ratings
The Certainty Select 5 is a deferred multi-year guarantee annuity issued by EquiTrust Life Insurance Company.
The current 5 year guarantee period annual yield is 4.00% (see Rate Details below). This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Certainty Select 5 has a full penalty free withdrawal window after 5 years.
During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides interest only (cumulative) as the penalty free withdrawal amount.
This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.
Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.
EquiTrust Life Insurance Company is rated “B++” by A.M. Best, was founded in 1966, and has over $24.9 billion in total assets.
Sep 1st, 2022
Premium Amount: $10,000 - $1,000,000
|5 Year Guarantee Period Annual Yield:||4.00%|
|Interest rate start of year 1 through end of year 5:||4.00%|
Initial Surrender Charge and MVA Periods
Early Surrender Charges: 5 years
Market Value Adjustment (MVA): 5 years
Penalty Free Full Withdrawal Window Available After: 5 years
State variations may exist, refer to product disclosure for details.
Min Premium Non-Qualified: $10,000
Max Premium Non-Qualified: $1,000,000
Max Issue Age Non-Qualified: 90
Rate Lock on Transfers: 60 days
Death Benefit: Accumulation Value
Min Premium Qualified: $10,000
Max Premium Qualified: $1,000,000
Max Issue Age Qualified: 90
Subject to MVA: Yes
Income Rider Available: No
Penalty Free Withdrawal Provisions
First Year Withdrawals: Interest Only
Penalty Waivers: Death, Nursing Home and Terminal Illness
Years 2+ Withdrawals: Interest Only
See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Not available in: NY (as of 04/15/2020)