EquiTrust Certainty Select 10 (w/ liquidity)
Product Overview
Basic Features
| Feature | Details |
|---|---|
| Product Name | EquiTrust Certainty Select 10 (w/ liquidity) |
| Insurer | EquiTrust Life Insurance Company |
| Ratings |
|
| Agent/Broker | PlanEasy Inc. |
| Annuity Type | Multi-Year Guaranteed Annuity (MYGA) |
| Term | 10 Years |
| Current Rate for $0+ | 5.50% |
| Last Rate Change | 1/31/2025, +35bps |
| Interest Type | Compound Interest |
| State Availability | AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY |
| Free Withdrawals |
|
| Free RMDs | Yes |
| Death Benefit | Yes |
| MVA | Yes |
| Nursing Home Waiver | Yes |
| Terminal Illness Waiver | Yes |
| Surrender Charge by Year | 9.0%, 8.0%, 7.0%, 6.0%, 5.0%, 4.0%, 3.0%, 2.0%, 1.0%, 0.5% |
| Funding Sources | Personal Investment, Cash, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Pension |
| Terms Available | 3, 5, 6, 8, 10 Years |
| Age Restrictions | 0 to 90 Years Old |
Quick Summary
The EquiTrust Certainty Select 10 (w/ liquidity) is a 10-year Multi-Year Guaranteed Annuity (MYGA) issued by EquiTrust Life Insurance Company and sold through PlanEasy Inc., a national online annuity agency.Earn a guaranteed compound interest rate on this fixed annuity:
- 5.50% for $0+
Key Details
- Ratings: EquiTrust Life Insurance Company is rated B++ by A.M. Best.
- Guaranteed Rates: 5.50% for premiums of $0+. This fixed guaranteed rate ensures predictable tax-deferred growth, making it an excellent alternative to bank CDs.
- Term: The interest rate is guaranteed for 10 years with a surrender charge schedule of the same duration.
- Free Withdrawals: Yes, there is liquidity as the product allows for interest only in year 1 and interest only in year 2+ that do not incur any surrender charges.
- RMDs: Yes, RMDs can be taken out without penalty.
- Age Eligibility: Available for owners between 0 to 90 years old.
- Minimum Premium: Investors can contribute a minimum of $0
- Death Benefit: Yes, the product has a traditional death benefit of the annuity's accumulation value, available to the beneficiary with no surrender charges.
- Market Value Adjustment (MVA): Yes, the MVA is applicable to any withdrawals that also incur surrender charges.
- Nursing Home Waiver: Yes, if the owner is confined to a nursing home per the definition in the contract, surrender charges and MVAs are waived.
- Terminal Illness Waiver: Yes, if the owner is terminally ill as defined in the contract, surrender charges and MVAs are waived.
Current & Historical 10-Year Rates
| Premium Band | Effective Date | Guaranteed 10-Year Yield to Surrender |
|---|---|---|
| $0+ | 1/31/2025 | 5.50% |
| 10/24/2024 | 5.15% | |
| 8/28/2024 | 5.45% | |
| 2/16/2024 | 5.60% |
Available Terms & Current Rates
| Premium Band | Term | Guaranteed Yield to Surrender |
|---|---|---|
| $0+ | 3 | 5.00% |
| 5 | 5.25% | |
| 6 | 5.30% | |
| 8 | 5.35% | |
| 10 | 5.50% |