California passed a legislative bill (Assembly Bill 2884) that places certain restrictions on fixed annuity surrender charges – resulting in some products being withdrawn from sale in California, and others offered with lower surrender charges.
Products Withdrawn in California effective 1/1/17:
* MarketPower Bonus Index – Withdrawn
* MarketTwelve Bonus Index – Withdrawn
* MarketBooster Index – Withdrawn
1035 Exchange or Transfer Applications for these products will not be accepted after 12/1/16. All money must be received at EquiTrust by 12/30/16. See Transition Rules for further details.
Cash-with-applications accepted through Friday, 12/30/16.
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