EquiTrust Life

9 Year Term
Apply now

company Information

Company Name

EquiTrust Life

product Name
Choice Four
Equitrust feels you should look for a company that has integrity, strength, and innovation. They feel they are that company. Their goal is to put you first. They try to design products that are client friendly and competitive. Their products are sold through a national network of independent insurance agents. Magic Johnson Enterprises purchased a controlling interest in Equitrust in 2015. Equitrust began selling products through independent insurance agents in 2003.
am best rating
B++ Good (5th of 13 ratings)
Product Type
Product description

Fixed annuities are for conservative investors who want safety, security, and guarantees.

You will preserve your principal and earn a fixed rate of return.

You might hear fixed annuities also called CD-like annuities or multiple-year guarantee annuities (MYGA's).

If you are sensitive to loss and don't want to lose a penny, a fixed annuity might be a good fit for some of your savings.

Read our educational articles on fixed annuities to learn more.

9 yrs
minimum investment
$ 10,000
maximum investment
$ 1,000,000
maximum age
withdrawal allowance
After the first contract year, you can withdraw interest only of the account penalty-free.

Have a Question?

Schedule A Call

- or -

Apply Online

When You Are Ready

Apply now

*Please provide an investment amount before applying.

Guaranteed Returns

Choose an investment amount and we’ll show you how much you can earn.

Should be at least $10,000
The maximum investment is $1,000,000
The field is required.
13.50%$ ?$ ?$ ?
20.00%$ ?$ ?$ ?
30.00%$ ?$ ?$ ?
40.00%$ ?$ ?$ ?
50.00%$ ?$ ?$ ?
60.00%$ ?$ ?$ ?
70.00%$ ?$ ?$ ?
80.00%$ ?$ ?$ ?
90.00%$ ?$ ?$ ?
Total$ ?$ ?$ ?

Enter an investment amount to calculate your earnings and account balance over the life of the contract.

Surrender Charge Schedule

Surrender charges are a penalty charged to early withdrawals of annuity contract. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends.

percentage charged to withdrawal

market-value adjustment (MVA)

A market value adjustment is basically an additional charge or credit for taking money out early from an annuity.

They allow companies to pay a higher rate and make longer-term investments.

MVAs only affect you if you withdraw funds early. If you own the contract to maturity, they do not apply.

other Information

S&P ratingBBB+ Good (8th of 21 ratings)
phone number(866) 598-3692
Product brochure
4.125- 5.50%. We are paid from the insurance company general fund. It is not deducted from your account value. 100% of your money is working for you from day one. We could earn a higher commission based on sales volume and taking a more active role in the application process.
Rate Effective DateJune 22nd 2022
premium TypeSingle Premium Annuity
account TypePersonal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b).
Not available inNY, PR, VI
options at

At the end of your contract term, you have the following options.

1. Withdrawal any amount free of charges and fees.
2. Renew the contract for the same term, if available.
3. Renew the contract for a different term, if available
4. Transfer the balance to another company via a 1035 exchange.
5. If you do nothing, the contract usually renews for the same term at the rates available at that time. Renewal letter are mailed, but we suggest you track this.

death benefit provisionIf you pass away before the end of your annuity contract, your beneficiaries will receive the accumulated policy value. This value will include all interest you have earned and be passed without any charges or fees.
taxesAnnuities typically grow tax-deferred. If you withdrawal money that has never been taxed, withdrawals are 100% taxable. Non-qualified withdrawals have been taxed already, so only interest is taxed. This is called an exclusion ratio. Interest would be taxed, but the principal would not. Please work with a qualified specialist.
surrender schedule
12%, 11%, 10%, 9%, 8%, 7%, 6%, 4%, 2%
free-look period10 Days
market value adjustmentNo
Apply now