Important Information:
DOL –  Fiduciary Conflict-of-Interest Rule

On June 9, 2017, the Department of Labor Fiduciary Rule will become applicable, marking the end of a 60-day extension from the original applicability date.

We want to help you comply with the new rule as simply as possible, by providing
• Direction on how to do business with
 EquiTrust after June 9
• Required form
• Complimentary, optional DOL
 training through LIMRA

How to Do Business with EquiTrust After June 9
Beginning June 9, the expanded definition of "fiduciary" investment advice will go into effect. As an agent selling annuity contracts and life insurance policies funded with qualified assets, you will be acting as a fiduciary – subject to prohibited transactions under the rule.

Two exemptions are available which provide relief from the prohibited-transaction provisions: the Prohibited Transaction Exemption 84-24 (PTE 84-24) and Best Interest Contract Exemption ("BICE"). You may exercise either exemption, sell annuities and life insurance policies to retirement clients, and continue earning commissions. EquiTrust will not serve as a financial institution under the BICE, and will not provide investment advice or provide supervisory oversight. For assistance in finding an appropriate financial-institution solution, please contact your IMO.

Required Form
DOL Fiduciary Certification form notifies EquiTrust which exemption is being used for each sale. The form is on AppBuilder and is included with each qualified application packet. Indicate on the form which exemption you are using. The form is required beginning June 9th with qualified annuity applications and life insurance applications funded with qualified money. To view or download the DOL Fiduciary Certification, click here.

IMPORTANT: If you have clients with Certainty or Certainty Select (MYGA) qualified contracts nearing the end of the guarantee period and subject to renewal, a Compensation and Conflicts Disclosure Form For Individual Retirement Annuities At Time Of Renewal form will be included with renewal-notification letters mailed to these individuals prior to the 30-day window. The form is for client information only and does not need to be signed or submitted. To view or download this renewal disclosure, click here.

Complimentary DOL Training
For your own professional development, EquiTrust offers you the opportunity to take DOL Fiduciary Rule Training  hosted by LIMRA – at no cost to you. The training is not a requirement, and takes approximately 50 minutes to complete. Go to, click the "DOL Fiduciary Rule" item under Quick Links, then click "Complimentary DOL Training" to register. A LIMRA-site user name and password will be emailed to you from EquiTrust within 3 days.

Learn More
The attached memo provides more detailed information about implementation of the rules. Click here. Additional information will be provided to you prior to January 1, 2018, when additional exemption conditions may take effect.

If you have any questions, regarding compliance with the rule and its effects on your business, contact your IMO or EquiTrust Sales Support at 

EquiTrust Life Insurance Company, West Des Moines, IA. For Producer Use Only. IC17-ECN-1064.