2. About Us. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. Get a D&B Hoovers Free Trial. As of 2020, the insurance company has a reported $20.7 billion in total assets. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. 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. . That just isnt up to par with other insurance companies around today. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. Click the button below to request a report when hardcopies become available. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. 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. Links for Internet Filing are provided to the right. Must pass suitability requirements. A+ (excellent) rating by Better Business Bureau (BBB). Allstate Corporation - AnnualReports.com 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . 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). If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. 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. N-CEN: Filer Information - whalewisdom.com Carol Woodruff - Vice President, Information Systems - EquiTrust Life Heather Kane - Vice President of Sales and Marketing - EquiTrust Life EquiTrust Agent Portal Have a question or request? 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. Discover our framework to drive change and promote accountability in our workplace. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. There are many reputable life insurance companies in the market today that sell a wide variety of policies. Compare Quotes From Top Companies and Save. Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. 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. The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. Vice President of Sales and Marketing. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Applicants must be between 60 and 80 to apply for this policy, which also features an Accelerated Death Benefit Rider, flexible premium allocation, and index credits. review the ongoing performance of any Adviser, participate in the management of any users account by an To apply for this policy, you must: WealthSure also accumulates cash value. (See more.) No separate claims reporting hotline. ]]> 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. COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. By continuing to access this system you acknowledge you are aware of and agree to these terms. Our goal is to be an objective, third-party resource for everything insurance related. 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. Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. Earvin Magic Johnson's Equitrust funds over $100 million for minority EquiTrust Cons: Not a BBB accredited company. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. 2021 Annual Report to Stockholders. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. (816) 783-8400, For questions about the database & electronic filing: 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. Two multi-asset, risk-controlled index options provide an extra level of diversification. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Shopping for a company? 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. Main customer service and claims reporting hotline has the following hours restrictions: Income tax-free benefits for beneficiaries, Approval based on medical questions but no exam required. 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 - EquiTrust Life Insurance Company 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. 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. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. Atlanta Life Insurance - Atlanta Life Insurance 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. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. These are the three product options currently available on the market: The first, named WealthSure LifeTM, is a single premium life insurance policy, meaning the premiums for the entire durationof the policy are due upon approval. Our founder was born into slavery and grew This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. This policy stands apart because it is the combination of a life insurance policy and an annuity. Complete the financial statements using software from an approved vendor. 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. EquiTrust Life Variable Account . Allstate Corporation. 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). The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. Domestic and international policy and outreach initiatives. EquiTrust Hit With Suit Over Unauthorized Payout Fees Based in Northbrook, Illinois. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. Call Sales Support. registered with the U.S. Securities and Exchange Commission as an investment adviser. Sell EquiTrust Life Insurance Company Annuities | New Horizons EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is 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. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. 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. 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. We're here to help. Plus, there are tax advantages to owning a fixed annuity. platform based on information gathered from users through our online questionnaire. Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). 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 . EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. EquiTrust Life Insurance Company | LinkedIn Access to every published model law, regulation, and guideline. PDF LIFE INSURERS Report Date Company Count - dbr.ri.gov The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. 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. 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. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. BestLifeRates.org, LLC. In return, the client receives an instantly leveraged death benefit with long-term growth potential. Copyright 2022 Sapiens International. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. 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 Life Insurance Company - BestLifeRates.org Annuity Reviews Database of Over 300+ Reviews | Annuity Gator Membership lists, services and education to serve you and your mission. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. 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. 54% of EquiTrust Life Insurance employees are women, while 46% are men. SmartAsset does not Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. EquiTrust Client Portal existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Exclusive, industry-focused manuals, data, and more. 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. FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. 2020 Annual Report to Stockholders. FBL Financial Group Inc. - AnnualReports.com We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. For more information on how we're paid, click our link below.Full Disclosure. EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. (Annual sales and employees). 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 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. Most clients invest in an annuity to pursue accumulation or cash-flow goals. Answers regarding health care law and insurance. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Click to subscribe for email notifications of new items posted to this page. Surrender Charge. West Des Moines, IA. Steps to Completing a Financial Statement Filing. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. EquiTrust Life Insurance Company hiring Life and Annuity Claims Manager 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. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. at 866-598-3694 or visit the Agent. Applicants must be between the ages of 45 and 80. All insurance rates, products, and services are presented without warranty and guarantee. January 14 2009 - by Lucy Campbell. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. 3. EquiTrust Life Annuity Account - SEC.gov. Our insurance industry partnerships dont influence our content. The experience at EquiTrust varies depending on what department you work in. 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. This rating has decreased by -9% over the . Two multi-asset, risk-controlled index options provide an extra level of diversification. What is the EquiTrust Life Insurance Company? Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. Industry Financial Filing - National Association of Insurance Commissioners Most of the time, you'll see your account growing in value. Your email address will not be published. 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, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. Today, this company holds north of $17 billion in assets under management. For complete information about the cookies we use, data we collect and how we process them, please check our. With so many great options on the table, it can be difficult for consumers to find the best policy out of the bunch. Overview. Magic Johnson adds life insurance co. to empire - USA TODAY This material is not intended to provide investment advice to . Posted: January 19, 2023. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . 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. Working At EquiTrust Life Insurance: Employee Reviews and Culture - Zippia Having a problem with an insurance company or agent? You can check out all of the benefits of the Confidence Income Annuity HERE. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). The more quotes you compare, the more chances to save. While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. //-->
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