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Who owns the EquiTrust Life Insurance Company? Explore future meetings and access past event documents. I started Insurance Blog by Chris because I have a passion for insurance. Independent Review of EquiTrust Life Insurance Company In 2016, EquiTrust surpassed $17 billion in total assets. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. This is the EquiTrust Life Insurance Company company profile. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. OMB Number: 3235-0729 . reduce returns). In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. EquiTrust Hit With Suit Over Unauthorized Payout Fees Jun 2022 - Present10 months. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. EquiTrust Life Insurance Company Reviews - Glassdoor Established in 1899, A.M. Best is one of the oldest rating companies in the world. 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. While EquiTrusts ratings could be better (they are currently ranked as a BBB+ by Standard & Poors, and as a B++ by A.M. Best Company), the company has nearly $19 billion in invested assets and has a solvency ratio of just under $105. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. 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. A+ (excellent) rating by Better Business Bureau (BBB). document.write((new Date()).getFullYear()); Law360 (February 15, 2018, 8:39 PM EST) -- EquiTrust Life Insurance Co. was hit with a putative class action in Florida federal court Wednesday by two policyholders who claim the company charges . Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Reviewed by Report Flag as Inappropriate. EquiTrust Life Insurance Company - EquiTrust Life Insurance Company Keep reading to learn more about this company and what it can offer you. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. This policy stands apart because it is the combination of a life insurance policy and an annuity. Carol Woodruff - Vice President, Information Systems - EquiTrust Life This is not an offer to buy or sell any security or interest. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 Nothing on this website is a recommendation to buy or sell an annuity. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. . As a result of hard work and talented people, we are doing well. PA 2700-FM-AQ0021 2007 . If youre a consumer who only wants to work with financially strong companies, youll be pleased with the EquiTrust life Insurance Company financial ratings: Additionally, EquiTrust has an A+ from the Better Business Bureau. The Certainty Select Annuity is EquiTrusts MYGA product. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Marketing & Admin News. However, the insurance company is not accredited through the BBB. I was hired just before the annual reporting with little to no training or guidance from management. Get Equitrust Annuity Partial Withdrawal Form Et 2512 Years in Business: 10. Business Started: 8/1/2012. 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. Your email address will not be published. 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, 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 Agent Portal View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. The more quotes you compare, the more chances to save. EquiTrust Life Insurance review. Reviews are posted at the request of readers so they could see an independent perspective when breaking down the positives and negatives of specific annuity contracts. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. About Us. According to the lawsuit, EquiTrust designed a . Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? No flexibility and no interest in promoting anyone who won't play their mean girl games. Equitrust Life Insurance Co is a incorporated in the state of Iowa. at 866-598-3694 or visit the Agent. If you do not have permission, continuing to attempt to access this site and its resources These policies are single-premium, and you must pay at least $10,000 to activate your policy. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. Are Any of These Annuities Right for You? 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 . investor.relations@brighthousefinancial.com. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. There are many reputable life insurance companies in the market today that sell a wide variety of policies. These discounts often include: Your independent insurance agent can help you find more information on exact discounts offered by EquiTrust and additional ways to save money through the insurance company, helping you to get the most bang out of your buck on coverage. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. Magic Johnson Enterprises Acquires Equitrust Life Insurance Co. We strive to help you make confident insurance decisions. Documents exposed by various committee workgroups. Of course, with so many different life insurance carriers in the marketplace (in the hundreds these days), you should be evaluating the carrier you plan to work with way before signing any paperwork. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Atlanta Life Insurance - Atlanta Life Insurance EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. PDF Examination Report of Delaware Life Insurance Company As of December 31 Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. If you dont want to worry about missing a payment on your life insurance, you may be intrigued by EquiTrusts WealthSure Life insurance policy. 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. For more information visit https://sapiens.com or follow us on LinkedIn. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. EquiTrust Life Insurance Company - BestLifeRates.org Permission and instructions to access this system can be obtained from the SmartAsset access control Avi Shekhtman Read more by Avi Shekhtman. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. Client-Use Renewal-Rates Flyer. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. For example, there is no outline of an official claims process or claims response timeframe to be found. These include the: With an index annuity, you have the opportunity to attain a nice return, based on an underlying market index (or more than one market index). Today, this company holds north of $17 billion in assets under management. EquiTrust Life Annuity Account - SEC.gov. Thankfully, plenty of free resources can help you shop for your insurance, like the EquiTrust Life Insurance Company ratings from customers and company watchdogs alike. SEC CIK #0001054501. 2021 Annual Report to Stockholders. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. All investing involves risk, including loss of It is extremely important that all filings are accurate, complete, and timely. EquiTrust, while not a large insurance company by industry standards, has a unique set of products to fit investment-minded individuals approaching or in retirement. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. As you can see, because of the advanced nature of their life insurance products, EquiTrust is not commonly used for basic life insurance coverage, such as term life insurance. Although not a giant, household name, EquiTrust Life Insurance Company has held a steady place within the life insurance industry since 1996, namely for its suite of indexed products. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. 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. Based in Northbrook, Illinois. Product not available in all states or may vary by state. Learn more Related links form. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. Insurer Ratings and Better Business Bureau Grade. Revenue: $100 - $500 million See Exact Annual Revenue: Company/Agent Search | Missouri Department of Insurance, Financial and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered. So lets examine these policies closely to discover which one could be the best fit for your needs. 1. Website at Agents.EquiTrust.com. A relative newcomer to the insurance industry, EquiTrust was established in 1996. 10 of the Most Senseless Deaths of All Time, 5 Critical Tips Before You Buy Life Insurance, 5 Ways To Prepare Your Home For Wildfires, 7 Benefits of Life Insurance for the Wealthy, 8 Types Of Homeowners Insurance Policies, Massachusetts Mutual Life Insurance Review, Northwestern Mutual Life Insurance Review. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. Insurtech Customer Success Stories; With Xceedance, Sapiens, Opal, and CommBox, SAPIENS REPORTS Q4 AND FULL YEAR 2022 FINANCIAL RESULTS, South African Insurer Hollard Group Risk Implements Sapiens for Complete Core Transformation for Life & Pensions, How to make insurance appealing to millennials, Gen Z, MS Amlin Insurance Selects Sapiens for Transformation of its Commercial Lines Operations across Multiple Countries. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. 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. All Rights Reserved. Compound annual growth in premiums between -10% and +40% . At Annuity Gator, we take the frustration out of shopping for annuities. Examination Reports | Iowa Insurance Division Comparison shopping should be easy. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: Mark Willoughby, CPA - AVP Internal Audit - EquiTrust Life Insurance . Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. No official claims response timeframe promise. 2021 Annual Report to Stockholders 1.5 MB. Enter your ZIP code below to view companies that have cheap insurance rates. EquiTrust 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. It only offers three life insurance products, but if you are looking to increase your cash flow, an EquiTrust Life Insurance Company policy may be the right fit for your needs. EquiTrust cannot give legal, tax or accounting advice. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! For this reason, theyre not suitable to meet everyones insurance needs. existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. Get your Bridge toolkit today. 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. EquiTrust Life is a specialized insurance company, with a focus on life insurance. FBL Financial Group Inc. - AnnualReports.com EquiTrust Life Insurance Company . Explore our open opportunities for your chance to join our team. 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. Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. is in violation of the regulations of this system. Overview. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. Please fill out the form below and click "Place Order" to complete your order. 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 Values. In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. 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. Subject to IRS daily maximum. EquiTrust Life Variable Account . Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is of the law. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. Annual Report on Equitrust Life Insurance's Revenue, Growth, SWOT 2023, Consumer Agent Portal, LLC. EquiTrust Life Insurance Company - Profile and Review - AnnuityAdvantage Sapiens IllustrationPro for Life & Annuities is a cloud-first, point-of-sale illustration and quoting solution, offering a fully responsive, modern, intuitive user experience for the life and annuities and health markets. 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. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. As always, conduct your own research on a variety of carriers before signing any paperwork. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. And the bonus isn't just in the name. Surrender Charge. advisors. 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 Company Because of its high ratings, award-winning recognition, and impressive progression over time, EquiTrust Life Insurance Company has developed a reputation as a financially stable insurance company with a positive outlook for the future. EquiTrust Life Insurance Company Company number. Licensed Insurance Agent. Our founder was born into slavery and grew 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. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. You will also need to make a payment of at least $10,000. 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. EquiTrust Life Insurance Company | LinkedIn An optional terminal illness rider may be added for an additional premium cost. More. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. Annual Reports. Equitrust ChoiceFour Annuity | 2.25% Rate - The Annuity Expert administrators. You can also request a quote from the company online. The EquiTrust Life Insurance Company ratings indicate that this company will have . Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust The You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. Sales Week: EquiTrust ads bring business to your doorstep or inbox. Surrender charges may vary by state. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. Equitrust Life Insurance Co Company Profile - Dun & Bradstreet 3. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. We administer financial products for retirees, and Sapiens solution delivers a superior agent experience to market complex financial products that help protect our growing senior population.. This annuity features both single life and joint life payout options. Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP 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 . Call (866) 598-3694. Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. 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. at 866-598-3694 or visit the Agent. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. If you dont have an extra $10,000 lying around, though, you may want to investigate other insurance companies that offer more affordable whole life insurance policies. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. EquiTrust is one of the best life insurance companies to increase your cash flow. EquiTrust allows customers to file claims via email, fax, or phone. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. Click the button below to request a report when hardcopies become available. An annuity is a fixed amount of money paid to you from an insurance firm. Description. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. September 9, 2022 @sherylwilliams_email. That just isnt up to par with other insurance companies around today. Equitrust Annuity | Market Value Annuity Award-Winning Sales Intel. Must pass suitability requirements. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife.

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