A Life Insurance Illustration Prepared forpersonalpensionsolutions.com/wp-content/uploads/... · EquiTrust Life Insurance Company. 7100 Westown Pkwy Suite 200. WealthMax Bonus Life

West Des Moines, IA 50266-2521

EquiTrust Life Insurance Company7100 Westown Pkwy Suite 200

WealthMax Bonus LifeTM

Insured

Prepared on

THIS IS AN ILLUSTRATION ONLY. AN ILLUSTRATION IS NOT INTENDED TO PREDICT ACTUAL

PERFORMANCE. INTEREST RATES, OR VALUES THAT ARE SET FORTH IN THE ILLUSTRATION ARE

NOT GUARANTEED, EXCEPT FOR THOSE ITEMS CLEARLY LABELED AS GUARANTEED.

This illustration is not valid without all pages

Page�1�of�105.17 -IL

ICC11-ETL-IUL-2000(04-11)

A Life Insurance Illustration Prepared forValued Client

1153 S Lee St#109

Des Plaines, IL 60016

January 21, 2016

January 21, 2016

A Single Premium Interest Sensitive Life Insurance Product with Index-Linked Interest Option

Valued Client

Carl Ostenson

800-811-9733

Agent/Representative

EquiTrust Life Insurance Company

WealthMax Bonus Life

Policy Owner

Insured

Initial Face Amount

Single Premium

General Policy Description

Nonparticipating

Premiums

Death Benefit

Loan Balance

Accumulation Value

Policy Charges

Cost of Insurance (COI)

Charge

Net Amount at Risk This is the Death Benefit amount less Accumulation Value.

This is the amount of any outstanding policy loans, plus any accrued and unpaid interest.

Any loan balance will be deducted from the proceeds at death or surrender.

This is the annual charge for insurance protection, and is based on the cost of insurance

rate multiplied by the net amount at risk. The COI rate is declared periodically by the

Company to reflect expected experience, and may increase or decrease, but can never

exceed the guaranteed maximum cost of insurance rates in your policy.

This is a single premium policy. No additional premiums after the initial single premium will

be allowed.

This policy is nonparticipating. Nonparticipating means that the policy owner will not share

in the Company's surplus or profits. Dividends are not paid on this policy.

This is the value of the single premium, minus the policy charges and COI Charge, plus

adjustments for interest or index credits. Any partial withdrawal taken will be subtracted

from the accumulation value, including any applicable surrender charge.

Interest and Index Credits Interest credits will be based on the allocation of the single premium to the 1-year interest

account. Index credits to the Accumulation Value will be based on the allocation of the

single premium to the index crediting accounts. While policy values may be affected

by an external index, the policy does not directly participate in any stock, bond,

or equity investments.

The following charges are deducted from the Accumulation Value: A $75 annual policy fee

and an annual policy expense charge. The policy expense charge is a per thousand charge

which varies by issue age.

This is the greater of:

1) the face amount on the date of death, minus any loan balance, or

2) the greater of the accumulation value or the minimum guaranteed cash value, multiplied

by the minimum required death benefit percentage, as shown in the policy for the insured's

attained age, minus any loan balance.

NARRATIVE SUMMARY



ICC11-ETL-IUL-2000(04-11)January 21, 2016

Policy Form ICC11-ETL-IUL-2000(04-11)

Valued ClientValued Client, Female, Non-Tobacco, Issue Age 65$91,000

This illustration describes the highlights and benefits of EquiTrust Life's Single Premium Interest Sensitive LifeInsurance Product with Index-Linked Interest Option. Certain limitations and conditions apply to the coveragedescribed.

This illustration assumes that the currently illustrated non-guaranteed elements will continueunchanged for all years shown. This is not likely to occur, and actual results may be more or lessfavorable than those shown. The guarantees expressed in this illustration are based on theclaims-paying ability of EquiTrust Life Insurance Company. Contact your EquiTrust Life agent orEquiTrust Life for more information.

$50,000

Cash Surrender Value

Partial Withdrawal

Policy Loans

Policy Lapse from Loan

You may take one partial withdrawal in any policy year. The amount withdrawn must be at

least $500, and no greater than an amount equal to the cash surrender value less $5,000.

A partial withdrawal will reduce your face amount in proportion to the amount withdrawn.

A $25 fee will be deducted from each partial withdrawal.

A Modified Endowment Contract (MEC) is a contract that qualifies as life insurance within

the meaning of IRC section 7702, but fails to meet the 7-pay test prescribed in section

7702A. A contract that qualifies as life insurance but fails to meet the 7-pay test

still benefits from tax-deferred growth of the cash value and income tax-free

Death Benefit to the beneficiary, but any distributions from the contract,

including loans, partial withdrawals, assignments, and surrenders, will be taxed

as income first, to the extent there is a gain in the contract, and may be subject

to an additional 10% penalty if taken before age 59½. You should contact a

qualified tax advisor before you take a distribution from this policy to determine how the

distribution will impact your personal tax situation.

Modified Endowment

Contract (MEC)

The cash surrender value will be no less than the single premium less any partial

withdrawals less any Loan Balance. The return of premium does not include any premium

bonus.

Partial Withdrawal without

Surrender Charge Rider

After the first policy year, no surrender charge will be deducted from the first 5% of any

Partial Withdrawal. Any unused portion of this amount may not be carried over to any

subsequent policy year. If the policy is subsequently surrendered, the surrender charge will

be applied to any portion of the partial withdrawal which did not incur a surrender charge in

the same policy year.

If you do not pay back the entire loan interest when due, the unpaid loan interest will be

added to the Loan Balance, and interest will be charged on the accrued interest as well. If

the Loan Balance grows to the point where it exceeds the cash surrender value,

this policy will lapse.

This is the minimum cash value as determined by the Standard Nonforfeiture Law.Guaranteed Tabular Cash

Value

Minimum Guaranteed Cash

Value

The cash surrender value will be no less than the greater of the minimum Accumulation

Value less the surrender charge, or the guaranteed tabular cash value.

Return of Premium Rider

This is the greater of the Accumulation Value less the surrender charge less any Loan

Balance, or the minimum guaranteed cash value less any loan balance.




WealthMax Bonus LifeEquiTrust Life Insurance CompanyLife Insurance IllustrationA Single Premium Interest Sensitive Life Insurance Product with Index-Linked Interest Option

You may borrow up to the available loan value of your policy. The available loan value isthe cash surrender value as of the date of the loan, less the loan interest on the total loanamount from the date of the loan to the next policy anniversary. Any Loan Balance will bededucted from the proceeds at death or surrender. Loan interest is the interest on theamount loaned, which is charged from the date of the loan. Loan interest is payableannually in arrears on each policy anniversary. You may pay all or part of the loan andaccrued interest at any time. Your Accumulation Value, to the extent of any Loan Balance,will be credited at a rate no less than the minimum credited rate. The Loan Balance is noteligible for Index Credits. The loan interest may vary but will not exceed the greater ofthe monthly average of the composite yield of seasoned corporate bonds as published byMoody's Investors Service, Inc., or 5.5%.

Description of terms on the Numeric Summary and Tabular Detail pages

EOY Age This is the age of the insured at the end of the policy year.

Cash Surr Value This is the cash surrender value.

Policy Year This is the end of the year listed since the policy was issued

Premium Outlay

GUARANTEED

MIDPOINT

NON-GUARANTEED

Surrender Cost Index Net Payment IndexGuaranteed Non-Guaranteed Guaranteed Non-Guaranteed

10-Year

20-Year

The GUARANTEED values on the Numeric Summary and Tabular Detail pages are

determined by using the calculations for Accumulation Value, cash surrender value, and

Death Benefit as stated in the policy form, assuming the COI charge is based on the

maximum COI rate, and the interest credited is based on the minimum credited rate.

The NON-GUARANTEED values on the Numeric Summary and Tabular Detail pages are

determined by using the calculations for Accumulation Value, cash surrender value, and

Death Benefit as stated in the policy form, assuming the COI charge is based on the non-

guaranteed COI rate, and the interest credited is based on the non-guaranteed credited

rate. THE NON-GUARANTEED VALUES ARE NOT GUARANTEED. This illustration

assumes that the currently illustrated non-guaranteed elements will continue unchanged for

all years shown. This is not likely to occur, and actual results may be more or less

favorable than those shown.

This is the single premium. For policy years other than the first, a zero (0) will be shown

because no additional premiums after the single premium will be allowed.

The MIDPOINT values on the Numeric Summary page are determined by using the

calculations for Accumulation Value, cash surrender value, and Death Benefit as stated in

the policy form, assuming the COI charge is based on the average of the non-guaranteed

and guaranteed COI rates, and the interest credited is based on the average of the non-

guaranteed and minimum credited rates.





The Surrender Comparison Index was designed to measure the relative cost of life insurance protection and may beuseful for comparison of similar policies offered by other companies. Technically, the Index shows the relationshipbetween the amounts paid by the insured (the average annual premiums minus any average annual dividend) andthe amounts paid by the insurer (the cash value of the policy in the event of surrender over periods of 10 and 20years all adjusted for compound interest at the rate of five percent per annum to reflect the timing of thepayments).

When comparing similar policies, if all things are equal, the policy with the lower Index is generally the lower costpolicy and the better buy in the event that the policy was surrendered at the end of the designated period. Ifdeath would occur during the designated period, the policy with the lower Index would not necessarily be the lowercost policy. The Index does not take into account, among other things: (1) the value of the services of an agent orcompany; (2) the relative strength and reputation of the company; and (3) small differences in policy provisions. The Index does assume that annual premiums are paid and that dividends are taken in cash or applied topremiums, and that no additional benefit provisions are included.

22.97 19.95 65.41 58.84 20.45 18.36 41.07 38.21

Interest and Index Crediting

Allocation of Premium

Transfers

1-Year Interest Account

Index Number

Index Cap

Illustrated Rate

Transfers are allowed after issue between accounts on policy anniversaries. Transfers

between accounts are not illustrated.

The interest rate is declared at issue and guaranteed for one year. The interest rate may

change each year, subject to a 2% minimum guaranteed rate.

The index credits are based on the percentage change based on the monthly average of the

Index Number over a two-year period, subject to an Index Cap. The Index Cap may change

every two years, subject to a 6% minimum. Index Credits will be added to the account at

the end of every two years. Index Credits will never be less than zero.

This is the rate used in this illustration for the Interest/Index Credits added to the

Accumulation Value. The Index Account Nonguaranteed Illustrated Rates are

historic average rates based on the past performance of the Index Number and

application of the Index Cap for the applicable Index Account, and are not

intended to predict future performance. The actual Index Credits for any year

will most likely be different from the Illustrated Rate. It is not possible to know

in advance what the actual Index Credits will be, but they will never be less than

zero.

1-Year Point-to-Point Cap

Index Account

1-Year Monthly Cap Index

Account

The index credits are based on the percentage change based on the cumulative sum of

capped monthly changes in the Index Number over a one-year period. The Index cap is

applied monthly; there is no floor on monthly returns. The monthly cap may change every

year, subject to a 0.50% minimum. Index Credits will never be less than zero.

2-Year Average Cap Index

Account

The index used for the index accounts is the Standard & Poor's 500® Index, excluding any

dividends that may be paid by the stocks of the companies that comprise the Index. The

Index Number on any specified date is the closing value on the previous trading day

associated with the index. If the index number is not published on any day for which a

calculation is made, the preceding index number will be used.

This is the maximum percentage change that may be applied in determining the index

credit for each index account.

The index credits are based on the percentage change in the Index Number from the

previous contract anniversary, subject to an Index Cap. The Index Cap may change each

year, subject to a 3% minimum. Index Credits will be added to the account at the end of

each contract year. Index Credits will never be less than zero.

You choose how to allocate your funds between the three index accounts and one declared

rate (1-Year Interest) account. The allocation of the Single Premium is listed on page 5 of

this illustration. The interest crediting accounts are described below.

The S&P 500® Index is a product of S&P Dow Jones Indicies, LLC. (“S&P DJI”) and has been licensed for use by EquiTrust Life Insurance Company. S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services, LLC. (“S&P”). These trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by EquiTrust Life Insurance Company. WealthMax Bonus Life is not sponsored, endorsed, sold or promoted by S&P DJI, S&P, or any of their respective affiliates or third party licensors, and none of such parties make any representation regarding the advisability of investing in WealthMax Bonus Life nor do they have any liability for any errors, omissions, or interruptions of the S&P 500®.





Accelerated Death Benefit Rider

Description

Terminal Illness Benefit

Nursing Care Confinement

Benefit

Chronic Care Benefit

Accelerated Death Benefit Payment Examplesbased on the initial Face Amount, with no Policy Loans

Monthly Lump Sum (based on % of DB accelerated)

Accelerated Benefit Benefits 50% of DB 75% of DB 100% of DB

Terminal Illness

Nursing Care Confinement

Chronic Care

Taxability of Benefits





This policy includes an Accelerated Death Benefit rider at no extra premium charge. With this rider the policy owner may elect to receive some or all of the Death Benefit ofthe policy prior to the death of the insured if the insured is diagnosed as terminally illor chronically ill. Terminally Ill means an individual who has been certified by aPhysician as having an illness or physical condition which can reasonably be expectedto result in death in 12 months or less after the date of certification. Chronically Illmeans a person who has been certified by a Physician as: 1) being unable to perform,without substantial assistance, at least two of six Activities of Daily Living (ADL) for atleast 90 days due to a loss of functional capacity; or 2) requiring substantialsupervision to protect the individual from threats to health and safety due to severecognitive impairment.

The policy owner may elect once to accelerate up to the Death Benefit at the time ofelection if the insured is diagnosed as terminally ill. The benefit will be adjusted by alump-sum discount factor, a one-time administrative fee and any outstanding LoanBalance. The lump sum discount Factors for each benefit are: Terminal Illness (95%),Nursing Care Confinement (85%), Chronic Care (75%). The administrative fee is $250.

The policy owner may elect once to receive 1/60 of the Death Benefit at the time ofelection in monthly payments for 60 months if the insured is diagnosed as chronicallyill. The benefit will be adjusted by the administrative fee, and any outstanding LoanBalance. If the insured dies before 60 months, the remaining face amount will be paidupon death of the insured. In lieu of monthly payments, the owner may elect toaccelerate up the face amount as a lump sum. The lump sum for this benefit will beadjusted by a lump sum discount factor, a one-time administrative fee of $250, and anyoutstanding Loan Balance.

The terminal illness benefit and the monthly Nursing Care Confinement and ChronicCare benefits are intended to be tax-free to the policy owner. The lump sum benefit forNursing Care Confinement and Chronic Care will be taxable. You should contact aqualified tax advisor before you elect to accelerate the Death Benefit to determine howthe acceleration will impact your personal tax situation.

The policy owner may elect once to receive 1/36 of the Death Benefit at the time ofelection in monthly payments for 36 months if the insured is diagnosed as chronically illand confined to a qualified nursing facility. The benefit will be adjusted by theadministrative fee, and any outstanding Loan Balance. If the insured dies before 36months, the remaining face amount will be paid upon death of the insured. In lieu ofmonthly payments, the owner may elect to accelerate up the face amount as a lumpsum. The lump sum for this benefit will be adjusted by a lump sum discount factor, aone-time administrative fee of $250, and any outstanding Loan Balance.

n/a$2,520.83$1,512.50

$42,975$38,425$33,875

$64,588$57,763$50,938

$86,200$77,100$68,000

Initial Face Amount

GUARANTEED MIDPOINT NON-GUARANTEED

EOY Policy Premium Cash Surr Death Cash Surr Death Cash Surr Death

Age Year Outlay Value Benefit Value Benefit Value Benefit

To be signed by the applicant:

Applicant's Signature (Required) Date

Date

NUMERIC SUMMARY





Female, Non-Tobacco, Issue Age 65

*** THIS POLICY IS CLASSIFIED AS A MODIFIED ENDOWMENT CONTRACT (MEC) ***

I have received a copy of this illustration and understand that this illustration assumes that thecurrently illustrated non-guaranteed elements will continue unchanged for all years shown. This isnot likely to occur, and actual results may be more or less favorable than those shown.

I have informed the applicant or policy owner that this illustration assumes that the currentlyillustrated non-guaranteed elements will continue unchanged for all years shown. This is not likelyto occur, and actual results may be more or less favorable than those shown.

To be signed by the agent:

Agent's Signature (Required)

Valued Client$91,000

707585

70

51020

5

000

0

50,00052,84266,597

50,000

91,60091,00091,000

91,600

50,75952,84266,597

50,759

95,95991,00091,000

95,959

53,83356,96068,937

53,833

104,91793,20791,000

104,917

TABULAR DETAIL Single Premium

Premium Bonus

Initial Face Amount

GUARANTEED NON-GUARANTEED

EOY Policy Premium Accumulation Cash Surr Death Accumulation Cash Surr Death

Age Year Outlay Value Value Benefit Value Value Benefit






$50,000Valued Client

$91,000$6,000

6667686970

7172737475

7677787980

8182838485

8687888990

9192939495

96979899100

12345

678910

1112131415

1617181920

2122232425

2627282930

3132333435

50,0000000

00000

00000

00000

00000

00000

00000

55,03254,03853,01551,96450,885

49,77148,54247,18045,66943,984

43,44642,75041,87140,78039,442

37,78735,72533,18830,09626,323

21,75416,1659,217

5790

00000

00000

50,00050,00050,00050,00050,000

50,00050,00050,08551,45952,842

54,23255,62857,02958,43259,836

61,24262,63263,98565,30566,597

67,85369,08770,28271,41072,469

73,47574,50175,57676,63777,629

78,50579,24179,83780,40681,065

101,80099,10096,50094,00091,600

91,00091,00091,00091,00091,000

91,00091,00091,00091,00091,000

91,00091,00091,00091,00091,000

91,00091,00091,00091,00091,000

91,00091,00091,00091,00091,000

91,00091,00091,00091,00091,000

56,41256,69856,92357,12157,269

57,38457,48257,54657,56357,535

58,77059,98761,18562,36563,525

64,66865,80166,88967,93068,937

69,91470,78171,54772,20472,751

73,23873,66973,96674,10074,029

73,69873,02671,79369,66066,498

50,77151,59552,37053,12353,833

54,51555,18355,82056,41256,960

58,77059,98761,18562,36563,525

64,66865,80166,88967,93068,937

69,91470,78171,54772,20472,751

73,47574,50175,57676,63777,629

78,50579,24179,83780,40681,065

114,856112,375109,862107,388104,917

102,488100,07797,77195,49793,207

93,03392,86092,63492,42592,174

91,89491,72791,50491,23091,000

91,00091,00091,00091,00091,000

91,00091,00091,00091,00091,000

91,00091,00091,00091,00091,000

TABULAR DETAIL Single Premium

Premium Bonus

Initial Face Amount

GUARANTEED NON-GUARANTEED

EOY Policy Premium Accumulation Cash Surr Death Accumulation Cash Surr Death

Age Year Outlay Value Value Benefit Value Value Benefit







$91,000$6,000

101102103104105

106107108109110

111112113114115

116117118119120

121

3637383940

4142434445

4647484950

5152535455

56

00000

00000

00000

00000

0

00000

00000

00000

00000

0

81,73482,38082,99983,59084,147

84,66285,13285,56285,95686,319

86,64686,93687,20087,45687,728

87,96888,19788,41788,61888,907

91,000

91,00091,00091,00091,00091,000

91,00091,00091,00091,00091,000

91,00091,28391,56091,82992,114

92,36692,60792,83893,04993,352

95,550

61,80254,82744,38728,5714,229

00000

00000

00000

0

81,73482,38082,99983,59084,147

84,66285,13285,56285,95686,319

86,64686,93687,20087,45687,728

87,96888,19788,41788,61888,907

91,000

91,00091,00091,00091,00091,000

91,00091,00091,00091,00091,000

91,00091,00091,00091,00091,000

91,00091,00091,00091,00091,000

91,000

SUPPLEMENTAL ILLUSTRATION Single Premium

Premium Bonus

Initial Face Amount

NON-GUARANTEED

61

62

63

64

65

66

67

68

69

70

75

80

85

90

95

100

105

110

Single Premium Allocation, Illustrated Rates, and Index Caps used in this IllustrationInitial

Account Allocation Index Cap

1-Year Interest Account

1-Year Point-to-Point Cap

1-Year Monthly Cap

2-Year Average Cap Index

Index

Index

The values on this page are based on nonguaranteed elements and are not guaranteed. Only the values in

the columns labeled "GUARANTEED" on the numeric summary and tabular detail pages are guaranteed.

Guaranteed Nonguaranteed

Type Illustrated Rate Index Cap Illustrated Rate

Declared

EOY Age Policy YearAccumulation

Value

Cash Surrender

ValueDeath Benefit


Page�10�of�105.17 -IL





$91,000

AverageIllustrated

Rate

This page may not be displayed unless it is accompanied by the basic illustration to which this supplementalillustration is attached. Please be certain all ten (10) pages are included in this illustration.

The Average Illustrated Rate is a blended average of the illustrated rates of the interest and index accounts inwhich the Single Premium is allocated. This illustration assumes the currently illustrated nonguaranteed rate foreach interest and index account will continue unchanged for all the years illustrated. This is not likely to occur,and actual results may be more or less favorable than those shown.

$6,000

66676869707172737475

80859095100105110115

12345678910

1520253035404550

56,41256,69856,92357,12157,26957,38457,48257,54657,56357,535

63,52568,93772,75174,02966,4984,229

00

50,77151,59552,37053,12353,83354,51555,18355,82056,41256,960

63,52568,93772,75177,62981,06584,14786,31987,728

114,856112,375109,862107,388104,917102,488100,07797,77195,49793,207

92,17491,00091,00091,00091,00091,00091,00091,000

4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%

4.00%4.00%4.00%4.00%4.00%4.00%0.00%0.00%

100.0%0.0%0.0%0.0%

2.00%0.00%0.00%0.00%

n/a3.00%0.50%6.00%

4.00%5.55%4.92%10.52%

n/a9.00%3.00%No cap

Documents

A Life Insurance Illustration Prepared forpersonalpensionsolutions.com/wp-content/uploads/... · EquiTrust Life Insurance Company. 7100 Westown Pkwy Suite 200. WealthMax Bonus Life