Certainty Select 6

Certainty Select 6

Product Name

Certainty Select 6

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

EquiTrust Life Insurance Company - View details

B++
(5th of 15 ratings)
BBB+
(8th of 20 ratings)
Not Rated
Not Rated
40
(percentile of rated companies)

Product Information

The Certainty Select 6 is a deferred multi-year guarantee annuity issued by EquiTrust Life Insurance Company.

The current 6 year guarantee period annual yield is 4.20% (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 6 has a full penalty free withdrawal window after 6 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.

Rate Details

Sep 1st, 2022
Not Scheduled
6 years

Premium Amount: $10,000 - $1,000,000

Current
6 Year Guarantee Period Annual Yield: 4.20%
Interest rate start of year 1 through end of year 6: 4.20%

Initial Surrender Charge and MVA Periods

Early Surrender Charges: 6 years
Market Value Adjustment (MVA): 6 years
Penalty Free Full Withdrawal Window Available After: 6 years

State variations may exist, refer to product disclosure for details. 

Policy 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
Cumulative Withdrawals:
Penalty Waivers: Death, Nursing Home and Terminal Illness

Years 2+ Withdrawals: Interest Only
RMD Friendly:

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  NY (as of 04/15/2020)