Product Changes for Certainty Select and ChoiceFour Annuities
• NJ and PA: Lower Surrender Charges and Application Change
• Most States: Revised Disclosure Statements
• Effective November 1; Form Changes Required December 2
New Jersey and Pennsylvania
Lower Surrender Charges
Lower surrender charges on Certainty Select and ChoiceFour
• Certainty Select Surrender Charges: 9, 8, 7, 6.5, 5.5, 4.5, 3.5, 2.5, 1.5, 0.5%
• ChoiceFour 9 Years: 9, 8, 7, 6.5, 5.5, 4.5, 3.5, 2.5, 1.5%
• ChoiceFour 6 Years: 9, 8, 7, 6.5, 5.5, 4.5%
Application Change
Effective November 1, an Application change applies in these two states for sales of Certainty Select and ChoiceFour. The Application change will be a requirement beginning December 2, 2019.
• Certainty Select and ChoiceFour sales in New Jersey and Pennsylvania, use ICC16-ANN-APP(12-16)
Most States
Revised Disclosure Statements
Effective November 1, revised Disclosure Statements apply in most states for sales of Certainty Select (MYGA) and ChoiceFour (Traditional) fixed annuities. (See below for variations in Delaware and Wisconsin.) The revised Disclosure Statements – available now on AppBuilder and E-App – will be a requirement beginning December 2, 2019.
• Revised Certainty Select Disclosure Statement: ET-MYG-1101(11-19) - All states except WI; Wisconsin use ET-MYG-1101WI(04-19)
• Revised ChoiceFour Disclosure Statement: ET-SPA-1101(11-19) - All states except DE & WI; Delaware use ET-SPA-1101DE(04-19); Wisconsin use ET-SPA-1101WI(04-19)
Other Changes in Pennsylvania
Terminal Illness Rider now available in Pennsylvania on both products, in addition to all approved states.
Product Information
For product details on these and other EquiTrust annuities, click here.