Product not available in all states or may vary by state. A financial services company newly renamed and offering individual and business life insurance, and annuities. 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. 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. EquiTrust allows customers to file claims via email, fax, or phone. 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. All insurance rates, products, and services are presented without warranty and guarantee. You can check out all of the benefits of the Confidence Income Annuity HERE. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. Developments and trends in financial markets and insurer investments. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. 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. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. According to the lawsuit, EquiTrust designed a . Today, this company holds north of $17 billion in assets under management. The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. Founder of Huntley Wealth & Insurance Services. Annual Reports. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Declining surrender charge, based on 9-year schedule. Get your Bridge toolkit today. This is not an offer to buy or sell any security or interest. (816) 783-8600. 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. 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. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. For customers who arent as familiar with insurance companies respective reputations, A.M. Bests ratings system allows them to make an informed decision about who they can trust to meet their needs in the short term, and also to remain a strong, financially sound company in the long term. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. If, however, the underlying performs poorly in a given period, there are no losses to your account. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. This material is not intended to provide investment advice to . EquiTrust Cons: Not a BBB accredited company. principal. September 9, 2022 @sherylwilliams_email. As a result of hard work and talented people, we are doing well. Applicants must be between the ages of 45 and 80. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. Therefore, the PDFs cannot be made available to state insurance regulators. Click the button below to request a report when hardcopies become available. 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. Today, this company holds north of $17 billion in assets under management. 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. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is Chris Huntley EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. Our three-year blueprint for the future shows the way toward building on existing strengths. 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. Access technology tools and resources for U.S. insurance regulators. Privacy Policy. However, the insurance company is not accredited through the BBB. A vast majority (over 95%) of these assets are considered investment grade, though . MONTHLY OVERVIEW: February updates, recaps and department news. 4.0 . It is built on the understanding that competitive returns and minimal taxation are . 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. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. 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. 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. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. We're dedicated to providing you with new financial ideas to help meet your specific needs. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. Vice President of Sales and Marketing. You place money into an account, and the agency invests it so that it will grow. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. 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. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. 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. Financial Internet Filing Online User's Guide, For questions about statement filing: Title. 24 reviews. reduce returns). All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. This is the EquiTrust Life Insurance Company company profile. 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. However, the carrier does not provide a specific claims response timeframe promise. A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. EquiTrust Life Insurance has 125 employees. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online . We strive to help you make confident insurance decisions. 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. Compare Quotes From Top Companies and Save. is in violation of the regulations of this system. Complete the financial statements using software from an approved vendor. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. What life insurance products does the EquiTrust Life Insurance Company offer? 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). at 866-598-3694 or visit the Agent. EquiTrust Values. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. 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. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. EquiTrust Life is a specialized insurance company, with a focus on life insurance. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. As always, conduct your own research on a variety of carriers before signing any paperwork. . Your email address will not be published. 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. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. review the ongoing performance of any Adviser, participate in the management of any users account by an U.S. Industry Overview & Market Statistics: JOHN HANCOCK LIFE INSURANCE COMPANY U.S.A. BLUE CROSS & BLUE SHIELD OF NORTH CAROLINA, EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? 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. Plus, there's the added benefit of tax advantages offered by a fixed annuity. Equitrust was a great company at one time. Call (866) 598-3694. 1. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! 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 Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. 3. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. Marketing & Admin News. Insurer Ratings and Better Business Bureau Grade. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. Minimum Premium: $10,000 NQ/Q. (Annual sales and employees). 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). View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. BBB File Opened: 8/13/2012. AnnuityGator. 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. 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. Compound annual growth in premiums between -10% and +40% . Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. 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. 1.9. The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. For example, there is no outline of an official claims process or claims response timeframe to be found. Only dismal customer reviews spotted across the web. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. Documents exposed by various committee workgroups. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Allstate Corporation. Type of Entity: Corporation. Download Acrobat Reader free of charge. Report Locked. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. Shopping for a company? EquiTrust Life Insurance Company 2022 Ratings. 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. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. 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. Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. Nursing Home and Terminal Illness Waivers. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! Managers play favorites, have created a hostile environment where bullying their employees is acceptable. These policies are single-premium, and you must pay at least $10,000 to activate your policy. Comparison shopping should be easy. So lets examine these policies closely to discover which one could be the best fit for your needs. Links for Internet Filing are provided to the right. 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. 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. OMB Number: 3235-0729 . A+ (excellent) rating by Better Business Bureau (BBB). At the end of the day, all the financial strength in the world cant make up for an insurance company that fails to cater to its customers. 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. Most of the time, you'll see your account growing in value. Membership lists, services and education to serve you and your mission. 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. I was hired just before the annual reporting with little to no training or guidance from management. Save my name, email, and website in this browser for the next time I comment. ChoiceFour from EquiTrust Life Insurance Company is a tax-deferred annuity featuring competitive one-year renewable interest rates, access to your money, and protection of your principal.. We also use content and scripts from third parties that may use tracking technologies. Violators can and will be prosecuted to the full extent Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. 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. To apply for this policy, you must: WealthSure also accumulates cash value. Growth is based on current interest. Permission and instructions to access this system can be obtained from the SmartAsset access control EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. Forms are available on the website to make claims filing easier. All are Brighthouse Financial affiliated companies. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. EquiTrust Life Insurance Company is a national carrier of competitive, client-friendly annuity products sold through a variety of distribution channels, including more than 20,000 independent . 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 . 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. 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. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! 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. EquiTrust earns this recognition for performance from 2017 through 2021. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. The website also does not provide important information about claims processing. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. This information is designed to help you with your decision-making, and it is not intended to provide advice. Leave us a note in the comments - we love everything insurance! Agent Pay Is Built Into the Policy. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. EquiTrust offers just one phoneline for all customer inquiries. 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 award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. //-->