In your quest for more information about annuities online, you may have run across some highly conflicting information about these products. Here’s a breakdown of the other three choices: To open this annuity, you must have no less than $10,000 to invest and be 85 years old or younger. TrustedChoice.com's Final Review. Glassdoor has 5 EquiTrust Financial Services reviews submitted anonymously by EquiTrust Financial Services employees. Check with EquiTrust to find of what rates they are currently offering for this fixed contract. ... EquiTrust Life Insurance Company is an Illinois domiciled life insurance company with offices located in West Des Moines, Iowa and Chicago, IL, and is a Magic Johnson Enterprises company. Unfortunately, because of the extremely low-interest rate environment that we’ve also been subject to, securing safety can come at the price of very low returns, which in turn, can have an impact on what you are ultimately able to save, and turn into an income stream in the future. And, if you opt to go with the lifetime income option, this can alleviate, at least somewhat, the concern about outliving all of your retirement income down the road. So, it can be helpful if you know what you’re getting into because it can be quite difficult, and expensive, if you want to get out once you’ve made a commitment to purchase one. The Choice Four annuity is aptly named, as it is actually, according to EquiTrust, “four products in one,” So, investors can essentially choose the product that is best for them from the following options: The Base Contract features a one-year fixed rate that is reset on an annual basis. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. In other cases, you may have noticed that the information about annuities can be somewhat dry and boring, and about as much fun to read as getting a root canal. This is because the positive points about annuities can easily be found in brochures and other marketing materials, while the drawbacks are oftentimes hidden in a myriad of “fine print.” This is where we can help. Nothing on this website is a recommendation to buy or sell an annuity. EquiTrust life insurance company is based in West Des Moines, Iowa. Rather, we will give you the good, the bad, and even the ugly. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of … EquiTrust Life Insurance Company has been around since 1996. Places with the highest small business index are the places which ranked the highest in the study. The fee schedule for the MarketTen Bonus Index annuity is fairly light, as you won’t pay any annual contract fees. When it comes to charges and fees, just about any financial product that you go with will have at least some – but whether or not they reveal this to you prominently is another story. For reference, the base contract comes with no added features and boasts a nine-year withdrawal fee schedule and free withdrawals up to an amount equal to your last year of interest earnings. Our Annuity Gator specialist will be happy to speak with you. Be mindful that this in addition to standard income taxes. Product issue is subject to underwriting guidelines, review, and approval. This annuity review is meant solely to be an independent review at the request of our readers so that they may see our perspective when breaking down the positives and the negatives of this particular annuity. Market Ten Bonus Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they’re fluctuating.. Plus, there are tax advantages to owning a fixed annuity.. And the bonus isn’t just in the name. With that in mind, if you happened to run across any details in this annuity review that needs to be corrected or updated, please let us know and we will be happy to get them corrected immediately. This annuity also has some other features, like a death benefit and a nursing home waiver. If you know for sure that you’ll be able to keep your money in this annuity (i.e., and that you won’t need to use these particular funds for an emergency), then you could choose to go with the MVA (Market Value Adjustment) version of this annuity where you can receive an immediate premium bonus – and you can have that bonus applied to all of the premium that you deposit during the first year. EquiTrust’s Comdex rating is 43. Here, though, you would also receive a lower interest rate.
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