|
|
|
Wealth-transfer life insurance policies for differing objectives. Secure SuiteLife for guarantees…Growth SuiteLife for accumulation.
Index-linked returns to S&P 500® and Multi-Asset, Risk-Controlled Index
Agents Earn extra Suite Cash on each $25,000+ sale!
Register for Webinar! 2 Dates:
UnderWRITE-NOW ProcessingTM provides point-of-sale conditional approval for cases up to $250,000 – WATCH VIDEO!
Growth SuiteLife
Index and Fixed Accounts – Competitive Rates!
Living Benefits for Chronic and Terminal Illness
10% Free Withdrawals After First Year
Issue Ages 45-80
Min Premium: $25,000; Max: $750,000 Face Amount
15-Year Declining-Scale Surrender Charge Per Thousand Initial Face
MGA Commission: 11% ages 45-75, 9% ages 76-80
Accounts and Rates
| 1-Year Fixed Account |
5.00% |
| 1-Year Point-to-Point Cap |
13.00% |
| 1-Year Monthly Avg Participation |
120.00% |
| 1-Year Point-to-Point Participation |
70.00% |
| 1-Year Point to Point Participation (Dynamo) |
160.00% |
Index and Fixed Accounts
Living Benefits for Chronic and Terminal Illness
5% Premium Bonus
Graded Return-of-Premium Rider
Guaranteed Death Benefit
5% Free Withdrawals After First Year
Issue Ages 45-85
Min Premium: $10,000; Max: $750,000 Face Amount
10-Year Declining Surrender Schedule: 12, 12, 12, 12, 11, 10, 8, 6, 4, 2, 0%
MGA Commission: 8% ages 45-75, 7.50% ages 76-80, 5.5% ages 81-85
Accounts and Rates
| 1-Year Fixed Account |
4.25% |
| 1-Year Point-to-Point Cap |
9.00% |
| 1-Year Monthly Cap |
3.00% |
| 1-Year Monthly Avg Participation |
100.00% |
| 1-Year Point to Point Participation (Dynamo) |
135.00% |
Suite Cash Commission Special
Earn extra cash Each $25,000+ Sale!
$250 on each case $25,000 – $49,999
$500 on each case $50,000 – $99,999
$1,000 on each case $100,000+
Transition from Existing Life Products The new SuiteLife products replace the existing EquiTrust life products: WealthMax Bonus, WealthHorizon, WealthSure and WealthPay. These existing products are available for sale through 4/30. Applications must be received at EquiTrust by 4/30. After 4/30 these existing products will be retired and no longer available for new issue. UnderWRITE-NOW Processing (POS) is not available for the “Wealth” products. Current “Wealth” product resources are accessible only through this link: click here.
Sales Materials
(Printed brochures and agents guides may be ordered starting 4/3)
Resources
Underwriting Guidelines
Quick Selling Guide
Underwriting Flow Chart
UnderWRITE-NOW Processing 5-minute video – click here
Secure SuiteLife Initial Face-Amount Factors
State Approvals
Product Summary
|
|
The death benefit will be reduced by any outstanding loan balance at the time of death. The death benefit is also reduced by any payment of Accelerated Death Benefits or partial withdrawals. The policy must be in force at the time of death to pay a death benefit. For Growth SuiteLife policies, payment of the initial premium does not guarantee the policy will not lapse prior to maturity; at some point, the policy may need additional premium to stay in force and avoid lapse.
The S&P 500® Index is a product of S&P Dow Jones Indices, LLC. (“S&P DJI”) and has been licensed for use by EquiTrust Life Insurance Company. S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services, LLC. (“S&P”). These trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by EquiTrust Life Insurance Company. SuiteLife products are not sponsored, endorsed, sold or promoted by S&P DJI, S&P, or any of their respective affiliates or third party licensors, and none of such parties make any representation regarding the advisability of purchasing a SuiteLife policy nor do they have any liability for any errors, omissions, or interruptions of the S&P 500.®
This policy may be a “Modified Endowment Contract” (MEC) as defined by IRS section 7702A. Distributions including policy loans from a MEC may be treated as taxable income and subject to federal income tax penalty.
Accelerated Death Benefits may vary by state, refer to the Accelerated Death Benefit Rider Disclosure included with the Application for Rider provisions in your state. Accelerated Death Benefits may be payable in the event of either terminal illness or chronic illness, but not both. Accelerated Death Benefits may be income-tax free.
If the policy is surrendered or lapses, it will not participate in any index returns for the index period in which the policy is surrendered or lapses.
For Florida residents, a surrender charge will not be deducted if the insured qualifies under the Waiver of Surrender Charge Rider. Surrender or partial withdrawal is available without Surrender Charge if the insured is confined to a nursing home after the first policy year. Nursing care stay must be at least 90 consecutive days, and confinement expected to be permanent. Benefits are available after the policy has been inforce for a year.
This material is not intended to provide investment advice to you or to your specific situation. EquiTrust does not offer investment advice to any individual and this material should not be construed as investment advice. Growth SuiteLife policies issued on Contract Form Series ICC17-ETL-FPIUL-2000(10-17) and ETL-FPIUL-2000(10-17). Secure SuiteLife policies issued on Contract Form Series ICC17-ETL-IUL-2000(01-17) and ETL-IUL-2000(01-17). May not be available in all states.
|
|
|
|
|
