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Idaho Annuity Disclosure

Applies to Index Annuity Sales

Effective June 2

 

 

A new Idaho Annuity Disclosure is required – in addition to the standard Disclosure Statement – for all index annuity sales in Idaho. 

 

The legislation was enacted to create additional disclosure and filing requirements for annuity
sales to Idaho customers, and described in the State of Idaho Department of Insurance Bulletin No. 20-11.

 

The Idaho Annuity Disclosure is included as a Required form on AppBuilder and E-App with index-annuity app packets created for Idaho.

 

Each index annuity has its own disclosure form:

• MarketPower Bonus Index – ET-MPP-1103ID(10-20)
• MarketTen Bonus Index – ET-MTB-1103ID(10-20)
• MarketValue Index – ET-EIA-1103ID(10-20)
• MarketSeven Index – ET-MK7-1103ID(10-20)

Transition
Idaho Annuity Disclosure forms are required in addition to the Disclosure Statement for each index annuity. The disclosures are required for all index annuity sales to Idaho clients received on or after June 15.

Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services.