]]> In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. FBL Financial Group, Inc. is a financial services holding company, headquartered in West Des Moines, Iowa, and traded on the New York Stock Exchange under the symbol FFG. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. This is a single-premium whole life insurance policy, which means that youll only need to make one payment to keep the policy active for your lifetime. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. Within its annuity portfolio, EquiTrust provides fixed index products, MYGA (Multi-Year Guarantee) products, a single premium immediate annuity (SPIA), and even an annuity that offers a one-year renewable rate. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. What You Need to Know About the EquiTrust Life Insurance Company, The EquiTrust Life Insurance Company is over 20 years old, EquiTrust only sells whole life insurance policies, EquiTrust life insurance policies can increase your cash flow. EquiTrust is a national carrier of competitive, client-friendly options, available through various distribution channels including more than 15,700 independent sales representatives and independent marketing organizations. Here, for instance, the ChoiceFour Annuity features a one-year annual reset interest rate, and a choice of four different contract variations, including a(n): For more details on the EquiTrust Choice Four annuity, go HERE. P.S If you would like to read more of our EquiTrust Life Insurance annuity reviews here are some links to check out: Your email address will not be published. About Us. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. Discover our framework to drive change and promote accountability in our workplace. Sapiens not only provides a wide array of best-of-breed solutions, but we also truly understand our customers operational goals and are committed to delivering best-in-class solutions, seamlessly to drive growth and deliver value. Its a single premium payment, just like the others, but the premiums paid go toward an annuity, which, in turn, will pay out the life insurance premiums over time. Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of EquiTrust Life Insurance Company, Independent Review of the EquiTrust Choice Four Fixed Annuity, Independent Review of the EquiTrust Certainty Select MYGA Annuity. Before purchasing any investment product be sure to do your own due diligence and consult a properly licensed professional should you have specific questions as they relate to your individual circumstances. September 9, 2022 @sherylwilliams_email. For more information visit https://www.EquiTrust.com. Overview. EquiTrust currently offers three life insurance products. We have the right one for you. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. services are limited to referring users to third party advisers registered or chartered as fiduciaries EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. The carrier does have a couple of decades worth of experience under its belt in the industry now, and has a high rating through the BBB. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. review the ongoing performance of any Adviser, participate in the management of any users account by an Copyright 2023 BestLifeRates.org, LLC. Money cant buy happiness, but purchasing a life insurance policy can give your loved ones the gift of financial security if you were to pass unexpectedly. An optional terminal illness rider may be added for an additional premium cost. EquiTrust Life Insurance review. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . Surrender charges may vary by state. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. 4.0 . EquiTrust is one of the best life insurance companies to increase your cash flow. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC 28277 and, in New York only, by Brighthouse Life Insurance Company of NY, New York, NY 10017 (Brighthouse Financial). Term life insurance policies only last for a set number of years, but you can get an immense amount of coverage at a very low rate, as you can see here: Many insurance companies even offer term policies that can be converted into permanent coverage without the need to reassess your inseparability. This material is not intended to provide investment advice to . 2023, Consumer Agent Portal, LLC. The insurance company does not list their official claims process on their website beyond how to file. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. Annual Reports. The Certainty Select Annuity is EquiTrusts MYGA product. Files on this page are PDF. Should you feel confident pursuing EquiTrust for your insurance needs? SmartAsset does not Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. I started Insurance Blog by Chris because I have a passion for insurance. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . Reviews from A.M. Best indicate an insurance companys financial strength and creditworthiness, and are based on comprehensive evaluations of the companys operating performance, business profile, and balance sheet. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. All content is for educational purposes only. This rating has decreased by -9% over the . The company also has proven that its products can help consumers leave behind an immense financial gift for their loved ones and bring financial security to their own lives. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Are Any of These Annuities Right for You? registered with the U.S. Securities and Exchange Commission as an investment adviser. Financial Ratings. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. American Republic remains focused on delivering quality coverage . EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. However, the carrier does not provide a specific claims response timeframe promise. Today it has grown into a global brand with an entire team of passionate researchers, writers, and insurance professionals continuing the original mission Chris set out with: to make insurance simple. A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! Type of Entity: Corporation. Our goal is to be an objective, third-party resource for everything insurance related. There are no guarantees that working with an adviser will yield positive returns. To apply for this policy, you must: WealthSure also accumulates cash value. EquiTrust has just one phoneline for customer service and all other inquiries. Applicant ages generally range between 60-80. Steps to Completing a Financial Statement Filing. Working with an adviser may come with potential downsides such as payment of fees (which will Managers play favorites, have created a hostile environment where bullying their employees is acceptable. Mark is a former Big 4 auditor with 10 plus years of public/private experience in audit within a variety of industries: manufacturing/consumer products/insurance/financial services. 2. Save my name, email, and website in this browser for the next time I comment. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. EquiTrust Life will provide a 12 percent bonus paid over three years. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . MONTHLY OVERVIEW: February updates, recaps and department news. Strong financial stability. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations. The Life and Annuity Claims Manager is responsible for management, leadership and oversight of the Life and Annuity Claims Department overseeing death and contractual living benefits processing team. Applicants must be between the ages of 45 and 80. Get your Bridge toolkit today. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. Report Date: July 1, 2022 Company Count: 385 COMPANY NAME NAIC# PHONE# 4 Ever Life Insurance Company 80985 2 Mid America Plaza, Suite 200 Oakbrook Terrace IL 60181-4712 8889234227 . The Life and Annuity Claims Manager is responsible for management, leadership and oversight of the Life and Annuity Claims Department overseeing death and contractual living benefits processing team. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. 2020 Annual Report to Stockholders. This is not an offer to buy or sell any security or interest. Complete the financial statements using software from an approved vendor. Our founder was born into slavery and grew Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. View contracts online. Plus, there are tax advantages to owning a fixed annuity. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. Site features products, a retirement center offering financial strategies, and a press room. document.write((new Date()).getFullYear()); West Des Moines, IA. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. Click the button below to request a report when hardcopies become available. While the EquiTrust Life Insurance Company ratings prove that this company offers reliable products and great customer service, many people cant afford to pay $10,000 at the drop of a hat. Plus, there are tax advantages to owning a fixed annuity. EquiTrust Life Insurance Company 2022 Ratings. . If you put $100,000 into an annuity, you'll see $100,000 on your statement. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. Licensed Insurance Agent. A glossary of insurance terms and definitions. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. Copyright 2022 Sapiens International. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. Avi Shekhtman Read more by Avi Shekhtman. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. Personalized Illustrations. 3. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. Choices. Access to every published model law, regulation, and guideline. EquiTrust, which was recently bought in October of 2011 by Guggenheim Partners, LLC., a global investment and advisory institution, is a growth-minded retirement and legacy-focused life insurance company. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. The EquiTrust Life Insurance Company ratings indicate that this company will have . If you are looking for a company that supports positive action, youll be pleased to know that EquiTrust actively engages with the surrounding area to make it a better place for all who live there. All rights reserved. Learn more Related links form. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. EquiTrust Life Insurance Company. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. Only dismal customer reviews spotted across the web. EquiTrust has primarily focused on two main product lines: These are the two most common products with any life insurance carrier, since annuities and life insurance somewhat go hand-in-hand. So lets examine these policies closely to discover which one could be the best fit for your needs. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. Are cheaper life insurance policies available? Call Sales Support. Their life insurance policies come with the following perks: Your independent insurance agent can help you find out more about EquiTrusts life insurance policies, as well as their other products. With solid core values of integrity, leadership, accountability, teamwork, and passion, EquiTrust is certainly worth looking into if their product suite aligns with your financial needs and lifestyle. Unlike most of the top ten best life insurance companies weve rated thus far, EquiTrust Life is more of a niche insurer, meaning they definitely have a specialty and dont stray far from it. Click the button below to request a report when hardcopies become available. All Rights Reserved | Privacy Policy, Independent Review of Fidelity and Guaranty Life Insurance Company, Independent Review of Eagle Life Insurance Company, We use cookies to enhance your experience while using our website. Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. Form Date Form Name Number Line Of Business; 2021/10/01: 1035 Exchange Instructions: 436-830.pdf: Annuity: 2011/04/01: 1-Year Avg Participation Index Account Specimen Years in Business: 10. Business Started: 8/1/2012. Please read the risks discussed under the heading Risk Factors in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You can selectively provide your consent below to allow such third party embeds. Active CPA and . EquiTrust Cons: Not a BBB accredited company. Independent Review of the RiverSource Protected Advantage 6 Year Annuity Independent Review of the RiverSource Life Value Plus Bonus Annuity Independent Review of the RiverSource Life Rate Bonus 1 MYGA Annuity. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. If you have any questions or concerns regarding your EquiTrust account, you can call 866-598-3692 or submit a message via an online form. Two Arizona senior citizens filed a proposed class-action lawsuit against EquitTrust Life Insurance Company, claiming the Iowa-based financial company duped consumers into purchasing financial products through deceptive sales practices, among other charges. You can even use life insurance to provide yourself with more financial security while youre alive. Participation in the Database provides essential data for the Insurance Regulatory Information System (IRIS) Financial Ratio Reports, risk-based capital analysis, and other solvency-related reviews of individual companies, including reporting compliance and financial analysis. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Complete the financial statements using software from an approved vendor. These policies are single-premium, and you must pay at least $10,000 to activate your policy. Website at Agents.EquiTrust.com. EquiTrust allows customers to file claims via email, fax, or phone. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. Access technology tools and resources for U.S. insurance regulators. Sales Week: EquiTrust ads bring business to your doorstep or inbox. EquiTrust Life is a specialized insurance company, with a focus on life insurance. If, however, the underlying performs poorly in a given period, there are no losses to your account. An annuity is a fixed amount of money paid to you from an insurance firm. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online At the annual or special meeting of shareholders, a majority of the shares entitled to vote, represented in person or by proxy, constitute a quorum for . Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. Company number. Equitrust was a great company at one time. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. EquiTrust earns this recognition for performance from 2017 through 2021. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. So, is this a brand you and your family can trust for years to come? SmartAssets Please fill out the form below and click "Place Order" to complete your order. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. Report Flag as Inappropriate. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. The NAIC Financial Data Repository (Database) is updated every year by the National Association of Insurance Commissioners (NAIC) on behalf of and at the direction of itsmembers, the state insurance commissioners. advisors. Market Ten Bonus Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating.. Plus, there are tax advantages to owning a fixed annuity.. And the bonus isn't just in the name. The NAIC will be working to ensure that companies have complied with electronic filing requirements and financial reporting requirements contained in the Blanks, Annual Statement Instructions and Purposes and Procedures Manual of the NAIC Investment Analysis Office,and any data validation failures are resolved. The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. All investing involves risk, including loss of NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. EquiTrust specializes in life insurance. A Name You Can Trust. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. Among the carriers consumers likely arent familiar with is EquiTrust Life Insurance Company, but this shouldnt be a deterrentwhen considering to do business with them. Sapiens ApplicationPro is a robust electronic application software that helps carriers address critical business drivers, such as decreasing timetoissue and reducing policy acquisition costs, all in an extremely intuitive and easytouse package. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. (Annual sales and employees). No separate claims reporting hotline. A vast majority (over 95%) of these assets are considered investment grade, though more than 40% are not invested in A or better investment classes. Enter your ZIP code below to view companies that have cheap insurance rates. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. These include: While all of EquiTrusts policies can help you increase your wealth, each is unique. January 14 2009 - by Lucy Campbell. In addition, premiums paid into the policy at approval see a 12% bonus immediately. Innovation is a key pillar within EquiTrust Life, and we felt that Sapiens digital tools would enable innovation much faster than any other competitor, while providing us industry insights and best practices, said Carol Woodruff, Vice President, Information Systems with EquiTrust Life. Nursing Home and Terminal Illness Waivers. For this particular review, well focus just on the life insurance side of things: With a focus on accumulation and leverage, EquiTrusts life insurance products are aligned to help consumers utilize their current cash or cash flow for growth with the future in mind. Research and analysis on important insurance issues. On Tuesday, MJE, which Johnson founded in 1987, said it completed its planned acquisition for a "majority, controlling interest" in EquiTrust Life Insurance Company, which manages $14.5 billion in . SEC CIK #0001054501. Comparison shopping should be easy. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. Contract E-Delivery is Here! Variable products are distributed by Brighthouse Securities, LLC (member FINRA). Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. Links for Internet Filing are provided to the right. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. Our insurance industry partnerships dont influence our content. With such policies, your loans, withdrawals, and surrenders are taxed as income first and could be subject to an additional federal tax penalty of 10% if made before the age of 59. reduce returns). So, feel free to reach out to us by phone at (888) 440-2468, or via email through our secure online contact form and schedule a time to chat with us. As a result of hard work and talented people, we are doing well. The Allstate Corporation, through its subsidiaries, engages in the personal property and casualty insurance business, as well as in the life insurance, retirement, and investment products business in the United States and Canada. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. Full-Time. There are many reputable life insurance companies in the market today that sell a wide variety of policies. Surrender Charge. Counsel for plaintiffs in the case described the decision this way: "In Tabares v. EquiTrust Life Insurance Company, a class of deferred annuity purchasers alleged that although EquiTrust promised them a 10% premium bonus if they purchased one of its deferred annuities, it simply offset the amount of the bonus through lower annual rates.