January 14 2009 - by Lucy Campbell. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. FBL Financial Group, headquartered in West Des Moines, Iowa, is a holding company whose primary operating subsidiaries are Farm Bureau Life Insurance Company and EquiTrust Life Insurance Company. For example, there is no outline of an official claims process or claims response timeframe to be found. 2023, Consumer Agent Portal, LLC. Weve researched and reviewed hundreds of annuities over the years, and we continue to add new information to our annuity review database, which can be accessed at no cost anytime. A glossary of insurance terms and definitions. No online claims reporting option. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. The experience at EquiTrust varies depending on what department you work in. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. Domestic and international policy and outreach initiatives. In June 2015, Magic Johnson Enterprises became the majority shareholder, making EquiTrust Life Insurance one of the largest minority-owned life insurance company in the history of the country at $25.7 billion in assets. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Many customers also trust EquiTrust to handle retirement income or wealth transfer. Annuity News. 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. We also use content and scripts from third parties that may use tracking technologies. 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. Agent Pay Is Built Into the Policy. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. SmartAssets Columbus, Ohio Area. EquiTrust Life Insurance Company; 7100 Westown Pkwy Suite 200; West Des Moines, IA 50266-2521; My Annuity Contracts/Life Policies; FAQs; Contact Information; My EquiTrust is a secured customer resource for current values, transaction history, updates, forms and general assistance. Adviser or provide advice regarding specific investments. MONTHLY OVERVIEW: February updates, recaps and department news. 2021 Annual Report to Stockholders 1.5 MB. 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. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Explore future meetings and access past event documents. If, however, the underlying performs poorly in a given period, there are no losses to your account. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. 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. Our goal is to be an objective, third-party resource for everything insurance related. SmartAsset does not Insurance Blog By Chris (IBBC) was founded by life insurance agent Chris Huntley in 2008 to help educate and inform consumers on some of the most complicated aspects of insurance. Two multi-asset, risk-controlled index options provide an extra level of diversification. Enter your ZIP code below to view companies that have cheap insurance rates. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. EquiTrust Life Insurance Company 2022 Ratings. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. 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. Reviewed by EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. West Des Moines, IA. The phoneline contact option is offered at restricted hours, Monday-Friday. Insurer Ratings and Better Business Bureau Grade. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. 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. Type of Entity: Corporation. No official claims response timeframe promise. A+ (excellent) rating by Better Business Bureau (BBB). Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. Click the links below for: Agent Guide. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Equitrust Life Insurance Co. 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. For questions regarding cocodes please call us at: 816-783-8600. For financial reporting, their fiscal year ends on December 31st. Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. 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. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. Consumers should always request life insurance quotes from at least three companies to ensure that they are picking the best policy for their coverage needs. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. Chris Huntley We're dedicated to providing you with new financial ideas to help meet your specific needs. EquiTrust, a trusted provider of retirement products with a strong track record of operating performance, distributes fixed-rate and indexed annuities and life insurance through a national network . Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. Founder of Huntley Wealth & Insurance Services. If youre looking for life insurance or annuities from an insurance company that makes its customers a priority, we strongly encourage you to work together with your independent insurance agent to survey all other options before settling on EquiTrust Life Insurance Company as your trusted carrier. 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. By continuing to access this system you acknowledge you are aware of and agree to these terms. If youre wanting something more short-term, such as a term life insurance policy, save some money by finding another insurance provider to work with, such asBanner, SBLI, Assurity, or American National. (See more.) Raleigh, N.C., Jun21, 2022Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that EquiTrust Life, a leading North American life and health insurance company, has selected Sapiens award-winning suite of e-application, illustration and digital solutions to provide their agents next generation customer acquisition and service capabilities. Growth is based on current interest. Applicant ages generally range between 60-80. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. Official website is sorely lacking. Established in 1899, A.M. Best is one of the oldest rating companies in the world. All insurance rates, products, and services are presented without warranty and guarantee. Avi Shekhtman Read more by Avi Shekhtman. Their coverage offerings include: If youre on the market for life insurance or annuities, EquiTrust Life Insurance Company may have just the type of product youre looking for. 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. All rights reserved. American Republic remains focused on delivering quality coverage . Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. So, you can be sure that you and your spouse, partner, or other loved one can rely on income for the remainder of both of your lifetimes. Surrender Charge. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. administrators. Violators can and will be prosecuted to the full extent Identify what your insurance needs are and how EquiTrust could meet them for you and your family. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. 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). Full-Time. 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. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. Our principal business is offering life insurance policies and annuity contracts. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. If you put $100,000 into an annuity, you'll see $100,000 on your statement. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. Shopping for a company? 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. Our insurance industry partnerships dont influence our content. We have the right one for you. Save my name, email, and website in this browser for the next time I comment. These include: While all of EquiTrusts policies can help you increase your wealth, each is unique. It has also earned some pretty impressive accolades, including being recognized in 2017 and 2018 among the Wards 50 of top life and health insurance companies. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. EquiTrust is one of the best life insurance companies to increase your cash flow. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. And the bonus isn't just in the name. We do not manage client funds or hold custody of assets, we help users connect with relevant financial Avoid market losses - guaranteed. However, what were most concerned with is whether or not an insurance company takes care of its hardworking customers and delivers on the coverage promises it makes. Prior to August 2, 2013, the Company, formerly known as Sun Life Assurance Company of Canada (U.S.) (SLUS), was a member of the Sun Life Financial insurance holding company system. investor.relations@brighthousefinancial.com. 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. The EquiTrust Life Insurance Company may only be 25 years old, but its ratings indicate that purchasing a policy from this company could be a good investment for some consumers. In 2016, EquiTrust surpassed $17 billion in total assets. Sapiens IllustrationPro, Sapiens ApplicationPro and Sapiens DigitalSuite support EquiTrust Lifes key product offerings by providing comprehensive, new business illustrations with enhanced solutions for complex scenarios with split second calculations, and an interactive experience to reduce re-keying, resulting in fewer errors, faster time to decision and better engagement. View contracts online. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. Access technology tools and resources for U.S. insurance regulators. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. A vast majority (over 95%) of these assets are considered investment grade, though . 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. Offers life insurance and annuities. 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. Based in Northbrook, Illinois. Discover tools and resources to help you understand different types of insurance, claims processes, and practical tips to help support you through every stage of your life. Files on this page are PDF. Plus, there are tax advantages to owning a fixed annuity. Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. These policies are single-premium, and you must pay at least $10,000 to activate your policy. When evaluating rates, please verify directly with your insurance company or agent. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. EquiTrust Life Insurance Company . Sales Week: EquiTrust ads bring business to your doorstep or inbox. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. Our opinions are our own. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . However, the insurance companys rating through A.M. Best is noticeably lower than many other modern carriers, despite them being known for having reputable financial strength. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. Should you feel confident pursuing EquiTrust for your insurance needs? There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions our lengthy and complex sales cycles, which do not always result in the realization of revenues the degree of our success in retaining our existing customers or competing effectively for greater market share difficulties in successfully planning and managing changes in the size of our operations the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream the challenges and potential liability that heightened privacy laws and regulations pose to our business occasional disputes with clients, which may adversely impact our results of operations and our reputation various intellectual property issues related to our business potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers systems risks related to the insurance industry in which our clients operate risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations in currency exchange rates and risks related to our principal location in Israel and our status as a Cayman Islands company. EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. The Certainty Select Annuity is EquiTrusts MYGA product. Call Sales Support. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. EquiTrust Life will provide a 12 percent bonus paid over three years. Records required to be maintained according to the Company's record retention policy, include policyowner files, orders for fund shares, daily unit value computations, bank account records, reconciliation and . The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. EquiTrust Life Insurance Company Reviews. As a result of hard work and talented people, we are doing well. The purchase of EquiTrust aligns with Magic Johnson Enterprises' focus on diversity in the workplace, as well as rich diversity of thought, focus on the policyholders we serve and the communities in which we work and live - as .

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