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. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. 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. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. Equitrust was a great company at one time. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Adviser or provide advice regarding specific investments. For example, there is no outline of an official claims process or claims response timeframe to be found. 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. This policy stands apart because it is the combination of a life insurance policy and an annuity. Access technology tools and resources for U.S. insurance regulators. Financial Statement Filing & Step Through Guide, Raymond G. 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Columbus, Ohio Area. A vast majority (over 95%) of these assets are considered investment grade, though . Vice President of Sales and Marketing. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. 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. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. Report Flag as Inappropriate. review the ongoing performance of any Adviser, participate in the management of any users account by an What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. Client-Use Renewal-Rates Flyer. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. If, however, the underlying performs poorly in a given period, there are no losses to your account. A vast majority (over 95%) of these assets are considered investment grade, though more than 40% are not invested in A or better investment classes. 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. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. Official website is sorely lacking. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. We update our site regularly, and all content is reviewed by insurance experts. 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 . Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. Research and analysis on important insurance issues. 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. Domestic and international policy and outreach initiatives. Avi Shekhtman Read more by Avi Shekhtman. 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. At Annuity Gator, we take the frustration out of shopping for annuities. Subject to IRS daily maximum. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. 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. 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. Keep reading to learn more about this company and what it can offer you. This is the EquiTrust Life Insurance Company company profile. EquiTrust Life will provide a 12 percent bonus paid over three years. Contract E-Delivery is Here! 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. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. The main customer focus of EquiTrust is retirees and those who are approaching retirement. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: FBL Financial Group, Inc. is a financial services holding company, headquartered in West Des Moines, Iowa, and traded on the New York Stock Exchange under the symbol FFG. Below are the most recent examination reports for each insurance company listed. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. 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. Plus, there are tax advantages to owning a fixed annuity. existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. While EquiTrusts ratings could be better (they are currently ranked as a BBB+ by Standard & Poors, and as a B++ by A.M. Best Company), the company has nearly $19 billion in invested assets and has a solvency ratio of just under $105. Are Any of These Annuities Right for You? (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: 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. 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. 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. Only dismal customer reviews spotted across the web. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. With such policies, your loans, withdrawals, and surrenders are taxed as income first and could be subject to an additional federal tax penalty of 10% if made before the age of 59. So lets examine these policies closely to discover which one could be the best fit for your needs. We do not manage client funds or hold custody of assets, we help users connect with relevant financial BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. Avoid market losses - guaranteed. 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. (See more.) 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. The Financial Internet Filing Online User's Guide, For questions about statement filing: Our insurance industry partnerships dont influence our content. 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. With so many great options on the table, it can be difficult for consumers to find the best policy out of the bunch. American Republic remains focused on delivering quality coverage . Managers play favorites, have created a hostile environment where bullying their employees is acceptable. For this reason, theyre not suitable to meet everyones insurance needs. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. In return, the client receives an instantly leveraged death benefit with long-term growth potential. Allstate Corporation has reached its limit for free report views. 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. advisors. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online (816) 783-8600. Most clients invest in an annuity to pursue accumulation or cash-flow goals. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! Here, for instance, the ChoiceFour Annuity features a one-year annual reset interest rate, and a choice of four different contract variations, including a(n): For more details on the EquiTrust Choice Four annuity, go HERE. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. Additional information. Click to subscribe for email notifications of new items posted to this page. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. EquiTrust Life Insurance Company is considered to be stable financially, and because of that, the company has earned the following ratings from the insurer rating agencies: B++ from A.M. Best Company. Description. Two multi-asset, risk-controlled index options provide an extra level of diversification. 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. (816) 783-8400, For questions about the database & electronic filing: Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. As of 2020, the insurance company has a reported $20.7 billion in total assets. Copyright 2022 Sapiens International. It is built on the understanding that competitive returns and minimal taxation are . American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. 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. Complete the financial statements using software from an approved vendor. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. According to the lawsuit, EquiTrust designed a . Call (866) 598-3694. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. What life insurance products does the EquiTrust Life Insurance Company offer? So, is this a brand you and your family can trust for years to come? 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. Annuity News. I started Insurance Blog by Chris because I have a passion for insurance. 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. In 2016, EquiTrust surpassed $17 billion in total assets. 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 has been around since 1996. principal. Type of Entity: Corporation. Bottom Line: EquiTrust is known for offering life insurance that does not require medical exams, and has even been recognized as a top performing insurance company by Wards. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. This material is not intended to provide investment advice to . However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. Written by EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! The EquiTrust Life Insurance Company ratings indicate that this company will have . 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. EquiTrust Life Insurance has 125 employees. However, the insurance company is not accredited through the BBB. Equitrust Life Insurance Fast Facts. Download Acrobat Reader free of charge. Award-Winning Sales Intel. And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. No flexibility and no interest in promoting anyone who won't play their mean girl games. Equitrust Life Insurance Co is a incorporated in the state of Iowa. A financial services company newly renamed and offering individual and business life insurance, and annuities. 54% of EquiTrust Life Insurance employees are women, while 46% are men. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. Personalized Illustrations. Permission and instructions to access this system can be obtained from the SmartAsset access control Allstate Corporation. This is not an offer to buy or sell any security or interest. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Years in Business: 10. Business Started: 8/1/2012. Call Sales Support. Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . 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. 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. 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. 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. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. 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. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. EquiTrust earns this recognition for performance from 2017 through 2021. document.write((new Date()).getFullYear()); Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. Forms are available on the website to make claims filing easier. More. Documents exposed by various committee workgroups. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin 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. Click the button below to request a report when hardcopies become available. For questions regarding cocodes please call us at: 816-783-8600. 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). 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. Account Options. The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. of the law. 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