It includes a death benefit, as well as a nursing home waiver. Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Product not available in all states or may vary by state. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. EquiTrust earns this recognition for performance from 2017 through 2021. Documents exposed by various committee workgroups. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. Active CPA and . Revenue: $100 - $500 million See Exact Annual Revenue: EquiTrust Life Insurance Company | LinkedIn 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. 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. Susan Andersen - Assistant Vice President Marketing - EquiTrust Life Annual Report on Equitrust Life Insurance's Revenue, Growth, SWOT So, is this a brand you and your family can trust for years to come? Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? Adviser or provide advice regarding specific investments. 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. It is built on the understanding that competitive returns and minimal taxation are . Client Brochure. So lets examine these policies closely to discover which one could be the best fit for your needs. Additional information. Therefore, the PDFs cannot be made available to state insurance regulators. PA 2700-FM-AQ0021 2007 . D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! No matter what type of insurance you're looking for, you'll find the peace of mind you need. A Name You Can Trust. 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 . Access to every published model law, regulation, and guideline. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. Choices. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Company/Agent Search | Missouri Department of Insurance, Financial Must pass suitability requirements. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. document.write((new Date()).getFullYear()); When evaluating rates, please verify directly with your insurance company or agent. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. Declining surrender charge, based on 9-year schedule. Explore future meetings and access past event documents. Annual Reports. EquiTrust Life Partners with Sapiens on their Next Generation Digital Equitrust Life Insurance Fast Facts. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. 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. All rights reserved. . However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. Licensed Insurance Agent. Equitrust Life Insurance Co Company Profile - Dun & Bradstreet Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . Call Sales Support. Account Options. The third, named WealthPay LifeTM, is really a combination product. Award-Winning Sales Intel. Based in Northbrook, Illinois. Annuity News. 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. Annuity Reviews Database of Over 300+ Reviews | Annuity Gator Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. Explore our open opportunities for your chance to join our team. AM Best Revises Issuer Credit Rating Outlook to Positive for EquiTrust Life Insurance Company OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of "bbb" of EquiTrust Life Insurance Company (EquiTrust) (Chicago, IL). Founder of Huntley Wealth & Insurance Services. EquiTrust cannot give legal, tax or accounting advice. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. Access technology tools and resources for U.S. insurance regulators. All insurance rates, products, and services are presented without warranty and guarantee. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life 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. EquiTrust Hit With Suit Over Unauthorized Payout Fees Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. Click to subscribe for email notifications of new items posted to this page. As of 2020, the insurance company has a reported $20.7 billion in total assets. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. Rachael Brennan 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 . 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. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. EquiTrust Life Insurance Company hiring Life and Annuity Claims Manager Download Acrobat Reader free of charge. Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust The phoneline contact option is offered at restricted hours, Monday-Friday. EquiTrust Life Insurance Company - EquiTrust Life Insurance Company Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. Required fields are marked *. Membership lists, services and education to serve you and your mission. Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. Click the button below to request a report when hardcopies become available. To be among the Ward's 50, each company must pass all safety and consistency screens, and have achieved superior performance over the five years analyzed. Steps to Completing a Financial Statement Filing. EquiTrust Cons: Not a BBB accredited company. 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. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. We're dedicated to providing you with new financial ideas to help meet your specific needs. 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. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. . reduce returns). In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. Files on this page are PDF. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. Equitrust Annuity | Market Value Annuity Marketing & Admin News. Professional development for state insurance regulators and industry professionals. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . SmartAsset does not Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Its "A+" rating through the BBB is impressive, though. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. Equitrust was a great company at one time. You can even use life insurance to provide yourself with more financial security while youre alive. Comparison shopping should be easy. EquiTrust Subject to IRS daily maximum. We strive to help you make confident insurance decisions. EquiTrust Agent Portal Complete the financial statements using software from an approved vendor. Please fill out the form below and click "Place Order" to complete your order. Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers digital transformation. Offers life insurance and annuities. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . EquiTrust Life Insurance Company 2023 Ratings 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . The insurance companys official website could use a complete overhaul, and does not provide many customer service options todays insurance customers have come to expect such as online claims reporting or getting matched with an agent. If, however, the underlying performs poorly in a given period, there are no losses to your account. Most of the time, you'll see your account growing in value. 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. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! //-->PDF LIFE INSURERS Report Date Company Count - dbr.ri.gov Discover our framework to drive change and promote accountability in our workplace. 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. Business Profile for EquiTrust Life Insurance Company Applicants must be between the ages of 45 and 80. 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. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. 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. 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. This information is designed to help you with your decision-making, and it is not intended to provide advice. Working At EquiTrust Life Insurance: Employee Reviews and Culture - Zippia 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. Tap into the digital era and reimagine your engagement with customers, the visibility you provide to agents and brokers, and the agility and flexibility with which you manage your business. Working at EquiTrust Life Insurance Company: 17 Reviews However, the carrier does not provide a specific claims response timeframe promise. 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. Financial Internet Filing Online User's Guide, For questions about statement filing: EquiTrust Life Insurance Company is likely suitable for a very small number of consumers, but can be a great company for applicants to work with if the shoe fits. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. Mark Willoughby, CPA - AVP Internal Audit - EquiTrust Life Insurance Columbus, Ohio Area. 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. A glossary of insurance terms and definitions. EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. PDF Examination Report of Delaware Life Insurance Company As of December 31 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. The EquiTrust Life Insurance Company has changed hands many times, but it has never faltered in its mission to provide high-quality life insurance products and annuities. Size and financial strength arent big stand-out factors for this provider, but their unique line of insurance products gives this specialty company a solid niche market to work with for years to come. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. Complete the financial statements using software from an approved vendor. When it comes to annuities, EquiTrust offers one-year renewable, multi-year, and index-linked accumulation products along with a single premium immediate payout annuity. Official website is sorely lacking. Most clients invest in an annuity to pursue accumulation or cash-flow goals. services are limited to referring users to third party advisers registered or chartered as fiduciaries 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. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub Compare Quotes From Top Companies and Save. Type of Entity: Corporation. Equitrust Life Insurance Company Inc - Dun & Bradstreet Plus, there are tax advantages to owning a fixed annuity. Full-Time. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. American Republic remains focused on delivering quality coverage . EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. 1. OMB Number: 3235-0729 . In return, the client receives an instantly leveraged death benefit with long-term growth potential. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. According to the lawsuit, EquiTrust designed a . . The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. Its virtually impossible to find any customer reviews above a 1-star rating anywhere on the web, which says a ton about the carriers customer service practices. EquiTrust Values. EquiTrust Life Insurance has 125 employees. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. 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. Keep reading to learn more about this company and what it can offer you. 24 reviews. Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. 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 FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. The website also does not provide important information about claims processing. 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. 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. You can selectively provide your consent below to allow such third party embeds. For more information on how we're paid, click our link below.Full Disclosure. This is the EquiTrust Life Insurance Company company profile. 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). (816) 783-8600. The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. PDF EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES - Iowa 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. If youre looking for a way to convert a large sum of money like a 401(k) or IRA balance into an ongoing income stream that begins right away, the Confidence Income Annuity from EquiTrust could be a viable option. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. provides independent information for the purpose of providing consumers insight into obtaining the best life insurance coverage from the best life insurance company they could obtain, subject to underwriting. These policies are single-premium, and you must pay at least $10,000 to activate your policy. EquiTrust Life Insurance Company Review - TrustedChoice.com 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). Below are the most recent examination reports for each insurance company listed. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. How Do Annuity Agent Commissions Work? - The Balance Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. Personalized Illustrations. EquiTrust Life Insurance Company However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. For this reason, theyre not suitable to meet everyones insurance needs. 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. . Call Sales Support. Learn more Arizona Department Of Insurance 2012/2013 Annual.
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