equitrust life insurance company annual report

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 . Below are the most recent examination reports for each insurance company listed. Title. Its a single premium payment, just like the others, but the premiums paid go toward an annuity, which, in turn, will pay out the life insurance premiums over time. Term life insurance policies only last for a set number of years, but you can get an immense amount of coverage at a very low rate, as you can see here: Many insurance companies even offer term policies that can be converted into permanent coverage without the need to reassess your inseparability. Enter your ZIP code below to view companies that have cheap insurance rates. 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. Domestic and international policy and outreach initiatives. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 Find contact information for insurance departments and local insurance agents, or file a complaint. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. It includes a death benefit, as well as a nursing home waiver. Call Sales Support. 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. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. OMB Number: 3235-0729 . 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. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. 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. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). Equitrust Life Insurance Co is a incorporated in the state of Iowa. The purchase of EquiTrust aligns with Magic Johnson Enterprises' focus on diversity in the workplace, as well as rich diversity of thought, focus on the policyholders we serve and the communities in which we work and live - as . Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. However, the carrier does not provide a specific claims response timeframe promise. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. Annual Reports. Annuity News. Today, this company holds north of $17 billion in assets under management. In 2016, EquiTrust surpassed $17 billion in total assets. 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 Life Annuity Account - SEC.gov. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. For example, there is no outline of an official claims process or claims response timeframe to be found. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. Glassdoor gives you an inside look at what it's like to work at EquiTrust Life Insurance Company, including salaries, reviews, office photos, and more. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. 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. Click the links below for: Agent Guide. Two multi-asset, risk-controlled index options provide an extra level of diversification. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. Everything I learned was self taught with demanding deadlines and being understaffed in our department. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. 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. Description. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. You can check out all of the benefits of the Confidence Income Annuity HERE. 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. Complete the financial statements using software from an approved vendor. 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. Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. No matter what type of insurance you're looking for, you'll find the peace of mind you need. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. 4.0 . The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. For questions regarding cocodes please call us at: 816-783-8600. Have a question or request? Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. Documents exposed by various committee workgroups. Access technology tools and resources for U.S. insurance regulators. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. 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. 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. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. In June of 2015, Earvin "Magic" Johnson became majority owner of EquiTrust Life Insurance, the largest minority-owned life insurance company in the history of the country at $22 billion in assets. 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. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. Developments and trends in financial markets and insurer investments. Minimum Premium: $10,000 NQ/Q. Call Sales Support. Research and analysis on important insurance issues. 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. Sales Week: EquiTrust ads bring business to your doorstep or inbox. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. Complete the financial statements using software from an approved vendor. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. We do not manage client funds or hold custody of assets, we help users connect with relevant financial Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. All insurance rates, products, and services are presented without warranty and guarantee. Their coverage offerings include: If youre on the market for life insurance or annuities, EquiTrust Life Insurance Company may have just the type of product youre looking for. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. By continuing to access this system you acknowledge you are aware of and agree to these terms. 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. Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. American Republic remains focused on delivering quality coverage . 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. Prior to August 2, 2013, the Company, formerly known as Sun Life Assurance Company of Canada (U.S.) (SLUS), was a member of the Sun Life Financial insurance holding company system. Jun 2022 - Present10 months. Insurer Ratings and Better Business Bureau Grade. review the ongoing performance of any Adviser, participate in the management of any users account by an You only need to make one payment to activate a WealthPay Life policy from EquiTrust. So lets examine these policies closely to discover which one could be the best fit for your needs. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. Active CPA and . Click the button below to request a report when hardcopies become available. About Us. Explore our open opportunities for your chance to join our team. 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. 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. Comparison shopping should be easy. Please fill out the form below and click "Place Order" to complete your order. EquiTrust is one of the best life insurance companies to increase your cash flow. Columbus, Ohio Area. 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. Allstate Corporation has reached its limit for free report views. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. EquiTrust Values. Two Arizona senior citizens filed a proposed class-action lawsuit against EquitTrust Life Insurance Company, claiming the Iowa-based financial company duped consumers into purchasing financial products through deceptive sales practices, among other charges. AnnuityGator. A+ (excellent) rating by Better Business Bureau (BBB). It is built on the understanding that competitive returns and minimal taxation are . EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. The second, named WealthMax Bonus Life, is similar to the WealthSure Life product, but the growth is tied to stock market indices instead of current interest rates. BestLifeRates.org, LLC. 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. Its A+ rating through the BBB is impressive, though. Established in 1899, A.M. Best is one of the oldest rating companies in the world. Copyright 2023 BestLifeRates.org, LLC. Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. Avi Shekhtman Read more by Avi Shekhtman. . from WalletHub and across the web. The main customer focus of EquiTrust is retirees and those who are approaching retirement. Get a D&B Hoovers Free Trial. Files on this page are PDF. High rating through the BBB. 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. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. These include: While all of EquiTrusts policies can help you increase your wealth, each is unique. 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. 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. 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. Today, this company holds north of $17 billion in assets under management. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Applicant ages generally range between 60-80. Explore future meetings and access past event documents. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. Written by Many customers also trust EquiTrust to handle retirement income or wealth transfer. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. EquiTrust Life Insurance Company. The Certainty Select Annuity is EquiTrusts MYGA product. A financial services company newly renamed and offering individual and business life insurance, and annuities. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. Compare Quotes From Top Companies and Save. These policies are single-premium, and you must pay at least $10,000 to activate your policy. However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. 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. services are limited to referring users to third party advisers registered or chartered as fiduciaries Form Date Form Name Number Line Of Business; 2021/10/01: 1035 Exchange Instructions: 436-830.pdf: Annuity: 2011/04/01: 1-Year Avg Participation Index Account Specimen You place money into an account, and the agency invests it so that it will grow. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. EquiTrust Life Insurance Company was founded in 1996, giving the carrier just about a quarter of a centurys worth of experience in the industry 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. 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. The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. To apply for this policy, you must: WealthSure also accumulates cash value. 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. 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. [CDATA[// >