Equity Indexed
Annuity of the Month

MarketPower Bonus Index Plus
issued by
EquiTrust Life Insurance Company
5400 University Avenue
West Des Moines, IA 50266
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Ratings
A.M. Best Company: A    Standard & Poor's: A    Weiss: B   

Policy Notes
A Single Premium Fixed and Equity Indexed Deferred Annuity with a 10% Premium Bonus on premiums paid in the first policy year. The product offers a Fixed Account that earns a traditional interest rate and three Index Accounts based on a one-year point-to-point, a one-year daily averaging or a two-year monthly average increase in the S&P 500 Index.

Annual Reset Point-to-Point Equity Index Account
Annual Index Credits are based on the percentage change in the Index Number from the previous contract anniversary to the current contract anniversary (Index Increase), subject to the Index Cap, less the Index Margin, multiplied by the Participation Rate.

Annual Reset Daily Averaging Equity Index Account
The percentage change in the Index Number from the previous contract anniversary to the daily average Index Number for the current contract year (Index Increase); subject to the Index Cap, less the Index Margin, multiplied by the Participation Rate.

Two-Year Monthly Averaging Index Account
The percentage change is based on the the monthly average over a two-year period, subject to an Index Cap, Index Margin and Participation Rate. The Index Cap is the maximum Index Increase for the two-year period, subject to a minimum of 12%. The Participation Rate and Index Margin for this account are declared at issue and will not change for the duration of the contract. Currently, the Participation Rate is 100% and the Index Margin is 0%.

Premium Allocation
The Minimum Premium in each account or index method is $2,000 as long as the total meets the minimum issue requirements.
Subsequent Premiums (first-year only)
Automatically added to the Fixed Account at the time of receipt. On each policy anniversary, automatically reallocated between accounts according to the most recent allocation instructions.
Guaranteed Minimum Surrender Value
87.5% of premiums paid, (excluding Premium Bonus) less any partial withdrawals, plus interest earned at a rate no lower than 1.0% and no higher than 3.0%, based on the state of issue. The interest rate is determined at the time of issue and guaranteed for the life of the contract.
Participation Rate
The participation rate is set at time of issue and will not change for the duration of this policy (currently 100%).
Index Margin
The Index Margin is set at time of issue and will not change for the duration of this policy (currently 0%).

Available Accounts Equity Index Accounts
Participation Rates, Spreads and Caps - Last Change 07/27/06
Account Indexed to: Product Type Reset Averaging Participation Rate Spread Cap
Current Guar Min Current Guar Max Current Guar Min
Annual Reset Daily Averaging S&P 500 Annual Ratchet Annually Yes 100.00 100.00 0.00 0.00 11.00 6.00
Annual Reset Point-to-Point S&P 500 Annual Ratchet Annually No 100.00 100.00 0.00 0.00 8.00 5.00
Two Year Monthly Averaging S&P 500 Biennial Ratchet Biennial Yes 100.00 100.00 0.00 0.00 None 12.00


Available Fixed Accounts
Fixed Interest Rates - Last Change 07/27/06
Account Indexed to: Years
Guaranteed		 Base Rate Bonus Rate Current Interest Rate Year 2 and thereafter Yield to Surrender
Current Guaranteed
Fixed Interest
1 Year

3.30% 3.00% minimum guarantee or greater


Primary Markets
Fixed: No    CD Type: No    Step Rate: No    TSA: No    Equity Index: Yes    Multi Strategy : No    SPIA: No   

Policy Provisions
Maximum Issue Age Owner NQ:  80     Maximum Issue Age Owner Q:  80
Maximum Issue Age Annuitant NQ:  80     Maximum Issue Age Annuitant Q:  80
Maximum Annuitization Age NQ: 
    Maximum Annuitization Age Q: 
Minimum Single Premium NQ:  5000     Minimum Single Premium Q:  2000
Minimum Monthly Premium NQ:  100     Minimum Monthly Premium Q:  100
Minimum Additional Premium NQ:  100     Minimum Additional Premium Q:  100
Maximum Premium:  1000000     Market Value Adjustment (MVA):  Yes
Loan Provision:  No     Net Loan Rate: 
Free Look Period:  10-30     Rate Lock Protection:  45 days
RMD:  Yes     Form Number: 
Front End Fee:  No     Annual Maintenance Fee:  No

Withdrawal Charges
Policy Year    1    2    3    4    5    6    7 8 9 10 11 12 13 14 15
% Charge    20.00   20.00   19.00   19.00   18.00   17.00   16.00   14.00   12.00   10.00   8.00   6.00   4.00   2.00   0.00  

Waiver of Withdrawal Charges
Death:  Yes            Hospitalization:  Yes
Disability:  No            Unemployment:  No
Terminal Illness:  No            Annuitization:  Yes
Nursing Home:  Yes

Withdrawal Notes
Death Benefit
Upon death of the Owners, the full Accumulation Value will be paid.
Nursing Home Waiver
Offered without charge by rider through issue age 75. May not be available in all states.
Free Withdrawals
After the first policy year, up to 10% of the Accumulated Value on the previous policy anniversary may be withdrawn each policy year without Surrender Charge or Market Value Adjustment. Withdrawals can be made at any time, but must be at least $250. Upon surrender, the Surrender Charge and MVA will be applied to any free withdrawals taken in the same policy year.
Annuitization
By current company practice, the Accumulation Value is available for annuitization after the fifth policy year if a minimum payout of ten years or life is elected.

Systematic Withdrawals
Systematic Withdrawal:  Yes
Interest Only:  Yes           Interest Only Waiting Period:  365 Days
Accumulated Value:  Yes     Accumulated Value Waiting Period:  1 Year
Minimum Systematic Withdrawal Amount:  100.00     Minimum Account Value:  2000.00

Systematic Withdrawals Modes
Monthly:  Yes               Semi-Annually:  Yes
Quarterly:  Yes     Annually:  Yes

Plan Types
Non Qual.: Yes           IRA Trans: Yes           SEP: Yes           401k: Yes          
TSA: No           Profit Sharing: Yes           IRA: Yes           IRA Roll: Yes          
Sponsored IRA: Yes           401a: Yes 457: No Keogh: Yes          

Approved for Sale in the Following States
AK: Yes           AL: Yes           AR: Yes           AZ: Yes          
CA: Yes           CO: Yes           CT: No           DC: Yes          
DE: Yes*           FL: Yes         GA: Yes           HI: Yes          
IA: Yes           ID: Yes           IL: Yes*           IN: Yes          
KS: Yes           KY: Yes           LA: Yes           MA: No          
MD: Yes          ME: Yes           MI: Yes           MN: No          
MO: Yes           MS: Yes           MT: Yes           NC: Yes          
ND: Yes           NE: Yes           NH: Yes           NJ: Yes          
NM: Yes           NV: Yes           NY: No           OH: Yes          
OK: Yes OR: No           PA: Yes          RI: Yes          
SC: Yes           SD: Yes           TN: Yes           TX: Yes         
UT: No           VA: Yes           VT: No         WA: No          
WI: Yes           WV: Yes           WY: Yes          
 
* State variation exists; Two Year Monthly Averaging Account not available.

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