1.9. Equitrust Annuity | MarketSeven Annuity - The Annuity Expert Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). Mark Willoughby, CPA - AVP Internal Audit - EquiTrust Life Insurance 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. Complete the financial statements using software from an approved vendor. 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. investor.relations@brighthousefinancial.com. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. 1. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. Equitrust was a great company at one time. Click the links below for: Agent Guide. In this material, the terms advisor and financial advisor are used as general references to licensed insurance professionals and are not intended to indicate whether the licensed insurance professional is a Registered Investment Advisor or is otherwise authorized under the law to provide financial advice. The more quotes you compare, the more chances to save. If you are looking for a company that supports positive action, youll be pleased to know that EquiTrust actively engages with the surrounding area to make it a better place for all who live there. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! EquiTrust Life Insurance review. EquiTrust Life is a specialized insurance company, with a focus on life insurance. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. I was hired just before the annual reporting with little to no training or guidance from management. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: Minimum Premium: $10,000 NQ/Q. Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. 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. Applicants must be between the ages of 45 and 80. This annuity features both single life and joint life payout options. Today, this company holds north of $17 billion in assets under management. 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. 2020 Annual Report to Stockholders. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. Website at Agents.EquiTrust.com. It also serves several other regulatory information needs, such as mandated: experience analysis for particular lines or sublines for individual companies and groups; general market structure and performance analysis; and statistics by company, groups or the industry as a whole. EquiTrust Life will provide a 12 percent bonus paid over three years. . You only need to make one payment to activate a WealthPay Life policy from EquiTrust. Founder of Huntley Wealth & Insurance Services. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. We're dedicated to providing you with new financial ideas to help meet your specific needs. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. Annual Reports | Financial Information | Investor Relations Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. BestLifeRates.org, LLC. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. EquiTrust Life Insurance Company Reviews. 2023, Consumer Agent Portal, LLC. If, however, the underlying performs poorly in a given period, there are no losses to your account. Violators can and will be prosecuted to the full extent West Des Moines, IA. 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. It is extremely important that all filings are accurate, complete, and timely. 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. A.M. Best, the leading global credit rating agency monitoring the insurance industry, gives EquiTrust a B++ rating, indicating the carrier is a good choice for insurance customers. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. In addition, premiums paid into the policy at approval see a 12% bonus immediately. (Annual sales and employees). EquiTrust Life Insurance Company 2022 Ratings. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. 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. January 14 2009 - by Lucy Campbell. You should not rely upon forward-looking statements as predictions of future events. Personalized Illustrations. Strong financial stability. In return, the client receives an instantly leveraged death benefit with long-term growth potential. 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 For financial reporting, their fiscal year ends on December 31st. 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. Growth is based on current interest. EquiTrust has just one phoneline for customer service and all other inquiries. is in violation of the regulations of this system. registered with the U.S. Securities and Exchange Commission as an investment adviser. 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 . View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! Equitrust Annuity | Market Value Annuity Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Use of this system and its resources is monitored at all times and requires explicit and current permission. Examination Reports | Iowa Insurance Division Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. 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. Heather Kane - Vice President of Sales and Marketing - EquiTrust Life You can check out all of the benefits of the Confidence Income Annuity HERE. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. EquiTrust Life Annuity Account - SEC.gov. platform based on information gathered from users through our online questionnaire. 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. That just isnt up to par with other insurance companies around today. . The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. Income Rider: Includes Benefit Base bonus of 7% on first-year premiums plus Benefit Base compounds annually at 7% for up to 7 years; 1.25% annual fee on Accumulation Value; chronic-illness doubler. Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. A vast majority (over 95%) of these assets are considered investment grade, though . 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. Dina Vince Head of Investor Relations, Sapiens. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. Erie Insurance Reviews (2023): 900+ User Ratings - WalletHub at 866-598-3694 or visit the Agent. Nursing Home and Terminal Illness Waivers. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. 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. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. Report Date: July 1, 2022 Company Count: 385 COMPANY NAME NAIC# PHONE# 4 Ever Life Insurance Company 80985 2 Mid America Plaza, Suite 200 Oakbrook Terrace IL 60181-4712 8889234227 . No official claims response timeframe promise. EquiTrust Life Insurance Company At Annuity Gator, we take the frustration out of shopping for annuities. Business Profile for EquiTrust Life Insurance Company Questions? Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. 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. Jun 2022 - Present10 months. EquiTrust Agent Portal The rating was last updated on 09/09/2022. In addition, FBL manages all aspects of two Farm Bureau affiliated. However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. Quotes and offers are not binding, nor a guarantee of coverage. at 866-598-3694 or visit. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. 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. 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. Based in Northbrook, Illinois. 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. The website also does not provide important information about claims processing. Declining surrender charge, based on 9-year schedule. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. 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? 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. The phoneline contact option is offered at restricted hours, Monday-Friday. FBL Financial Group - Wikipedia Marketing & Admin News. 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. However, the insurance company is not accredited through the BBB. 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. Call Sales Support. Written by Two multi-asset, risk-controlled index options provide an extra level of diversification. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. You will also need to make a payment of at least $10,000. Our annuity experts are also available to answer any of the question or concerns that you may have, whether you are just starting to shop for an annuity, or youve owned one for some time and you want to ensure that its still performing the way it was meant to. Description. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. Have a question or request? No flexibility and no interest in promoting anyone who won't play their mean girl games. What is the EquiTrust Life Insurance Company? Variable products are distributed by Brighthouse Securities, LLC (member FINRA). The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. American Republic - About Us EquiTrust Life Insurance Company Review - TrustedChoice.com PDF LIFE INSURERS Report Date Company Count - dbr.ri.gov Compound annual growth in premiums between -10% and +40% . Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. 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. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. 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. Click the button below to request a report when hardcopies become available. A glossary of insurance terms and definitions. FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. 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 . For more information on how we're paid, click our link below.Full Disclosure. SmartAsset does not Our insurance industry partnerships dont influence our content. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. Account Options. The EquiTrust Life Insurance Company first opened its doors for business in 1996. Should you feel confident pursuing EquiTrust for your insurance needs? 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. FBL Financial Group Inc. - AnnualReports.com Counsel for plaintiffs in the case described the decision this way: "In Tabares v. EquiTrust Life Insurance Company, a class of deferred annuity purchasers alleged that although EquiTrust promised them a 10% premium bonus if they purchased one of its deferred annuities, it simply offset the amount of the bonus through lower annual rates. 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 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. Complete the financial statements using software from an approved vendor. Discover our framework to drive change and promote accountability in our workplace.
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