Equitrust Certainty Select 10 Fixed Annuity is a single premium deferred annuity featuring multi-year rate guarantees.
Flexibility
Certainty Select is a fixed annuity that offers choices – choices in guarantee periods, choices in payout options, choices for the stages of your life.
Certainty Select is designed to help meet your unique individual financial needs.
Certainty Select offers guarantee periods of up to 10 years.
Your interest rate is locked in for the duration of the guarantee period selected.
Compare the best annuity rates today.
Money When You Need It
- Certainty Select allows you to withdraw cumulative interest at any time without paying any charges.
- Certainty Select can be surrendered in the 30 days before the end of the guarantee period for its full value. Surrenders outside of the 30-day window are subject to a surrender charge. Surrender charges start at 10 percent and decline through the guarantee period.
- After the first year, if the contract owner is confined to a qualified hospital or nursing care center for 90 days or more, surrender charges will be waived during the confinement. Available at issue through age 80.
- If the contract owner is diagnosed with a terminal illness, surrender charges will be waived for a withdrawal of up to 75% of the Accumulation Value. This rider has no additional cost.
- If the annuity owner dies before the guarantee period ends, the beneficiary may elect to receive the Accumulation Value immediately. Withdrawals may be subject to federal income tax and a 10 percent IRS penalty before age 591/2.
MARKET VALUE ADJUSTMENT
Certainty Select contains a feature called the Market Value Adjustment, or MVA.
The MVA is applied to both early surrenders and to withdrawals that exceed the free-withdrawal amount.
The MVA feature allows EquiTrust Life Insurance Company to credit a higher rate of interest to these annuities.
Flexible Accumulation Options
Thirty days before the end of your guarantee period, you have a window of time to make a decision regarding the Accumulation Value of your contract.
You control how your money is used.
You may decide to take no action and stay invested in Certainty Select for another guarantee period.
Or, you may choose among three options that allow you to:
- Receive scheduled payments for at least 10 years or the rest of your life.
- Make a partial withdrawal.
- Collect the full amount plus accumulated interest
Whatever option you choose, you’ll have the peace of mind that comes with easy access to your funds.
The Value of Tax Deferral
With Certainty Select, you make a single payment that builds value on a tax-deferred basis.
In most cases, your earnings will not be subject to income tax until they are withdrawn.
If the value of your contract is not being reduced by taxes, more of your money earns interest each year.
That means greater value for you.
Other Features Applicant Ages
Certainty Select may be purchased by persons up to and including age 90.
Any person named as the annuitant must also be age 90 or below.