Equitrust Life Insurance Co Company Profile - Dun & Bradstreet Call Sales Support. EquiTrust currently offers three life insurance products. 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. Who owns the EquiTrust Life Insurance Company? EquiTrust Life Partners with Sapiens on their Next Generation Digital (See more.) EquiTrust Life Insurance Company. 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. Equitrust Life Insurance Co is a incorporated in the state of Iowa. 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. So, is this a brand you and your family can trust for years to come? The Certainty Select Annuity is EquiTrusts MYGA product. 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. 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). 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. Posted: January 19, 2023. 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. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. 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. 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. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. Agent Pay Is Built Into the Policy. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. This annuity features both single life and joint life payout options. Quotes and offers are not binding, nor a guarantee of coverage. In return, the client receives an instantly leveraged death benefit with long-term growth potential. at 866-598-3694 or visit the Agent. The rating was last updated on 09/09/2022. 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. OMB Number: 3235-0729 . The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). EquiTrust cannot give legal, tax or accounting advice. Site features products, a retirement center offering financial strategies, and a press room. Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. Magic Johnson adds life insurance co. to empire - USA TODAY For more information visit https://www.EquiTrust.com. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. 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. Sales Week: EquiTrust ads bring business to your doorstep or inbox. 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. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. 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. 1.9. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. Professional development for state insurance regulators and industry professionals. EquiTrust Life Insurance Company hiring Life and Annuity Claims Manager Allstate Corporation. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. EquiTrust Agent Portal Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. 1991-2023 National Association of Insurance Commissioners. COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. By continuing to access this system you acknowledge you are aware of and agree to these terms. Marketing & Admin News. 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. 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 . Law360 (February 15, 2018, 8:39 PM EST) -- EquiTrust Life Insurance Co. was hit with a putative class action in Florida federal court Wednesday by two policyholders who claim the company charges . D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! Click the button below to request a report when hardcopies become available. 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. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. SmartAssets No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. at 866-598-3694 or visit the Agent. About Us. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. 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. 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. Complete the financial statements using software from an approved vendor. law requires a life insurance producer to submit a form and pay a fee within 30. 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. You will also need to make a payment of at least $10,000. 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. EquiTrust Cons: Not a BBB accredited company. This is the EquiTrust Life Insurance Company company profile. If youre looking for life insurance or annuities from an insurance company that makes its customers a priority, we strongly encourage you to work together with your independent insurance agent to survey all other options before settling on EquiTrust Life Insurance Company as your trusted carrier. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. An optional terminal illness rider may be added for an additional premium cost. Subject to IRS daily maximum. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. ]]> For more information on how we're paid, click our link below.Full Disclosure. Have questions about any kind of insurance? 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. Jun 2022 - Present10 months. Are cheaper life insurance policies available? A vast majority (over 95%) of these assets are considered investment grade, though . review the ongoing performance of any Adviser, participate in the management of any users account by an EquiTrust Life Insurance Company | LinkedIn This policy stands apart because it is the combination of a life insurance policy and an annuity. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. EquiTrust Life Insurance Company has been around since 1996. Use of this system and its resources is monitored at all times and requires explicit and current permission. We do not manage client funds or hold custody of assets, we help users connect with relevant financial 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. EquiTrust Agent Portal The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. As always, conduct your own research on a variety of carriers before signing any paperwork. Description. Written by The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. Compound annual growth in premiums between -10% and +40% . Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. EquiTrust specializes in life insurance. EquiTrust, a trusted provider of retirement products with a strong track record of operating performance, distributes fixed-rate and indexed annuities and life insurance through a national network . 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. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. What life insurance products does the EquiTrust Life Insurance Company offer? EquiTrust Life Insurance Company Employee Reviews in West Des - Indeed A financial services company newly renamed and offering individual and business life insurance, and annuities. 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. Growth is based on current interest. According to the lawsuit, EquiTrust designed a . American Republic - About Us Find contact information for insurance departments and local insurance agents, or file a complaint. Revenue: $100 - $500 million See Exact Annual Revenue: property-casualty insurance companies for a management fee. (816) 783-8600. 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. Copyright 2023 BestLifeRates.org, LLC. It includes a death benefit, as well as a nursing home waiver. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. 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. Annuity News. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. Get a D&B Hoovers Free Trial. Most of the time, you'll see your account growing in value. Keep reading to learn more about this company and what it can offer you. Tabares et al v. Equitrust Life Ins. Co. - United Policyholders EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. Leave us a note in the comments - we love everything insurance! For this reason, theyre not suitable to meet everyones insurance needs. EquiTrust Client Portal (Annual sales and employees). 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. You can check out all of the benefits of the Confidence Income Annuity HERE. 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 . The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. platform based on information gathered from users through our online questionnaire. EquiTrust Life Insurance Company. Examination Reports | Iowa Insurance Division For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. Research and analysis on important insurance issues. Download Acrobat Reader free of charge. administrators. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. 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. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. Equitrust Annuity | MarketSeven Annuity - The Annuity Expert Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. No mention of an insurance company or its prices is an offer for life insurance, and all users and applicants shall be subject to any and all underwriting requirements by the insurance company in which you apply. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. Industry Financial Filing - National Association of Insurance Commissioners No official claims response timeframe promise. EquiTrust Life Insurance Company EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. 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. sherylwilliams_email. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. The main customer focus of EquiTrust is retirees and those who are approaching retirement. 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. EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub A glossary of insurance terms and definitions. 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 of 2020, the insurance company has a reported $20.7 billion in total assets. Independent Review of the RiverSource Protected Advantage 6 Year Annuity Independent Review of the RiverSource Life Value Plus Bonus Annuity Independent Review of the RiverSource Life Rate Bonus 1 MYGA Annuity. of the law. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. 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. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. You should not rely upon forward-looking statements as predictions of future events. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . reduce returns). EquiTrust Life Insurance Company - EquiTrust Life Insurance Company EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Call Sales Support. EquiTrust Life Annuity Account - SEC.gov. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. Most clients invest in an annuity to pursue accumulation or cash-flow goals. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. EquiTrust Life Insurance has 125 employees. Click the button below to request a report when hardcopies become available. . To apply for this policy, you must: WealthSure also accumulates cash value. existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. Declining surrender charge, based on 9-year schedule. 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. 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 will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. If you do not have permission, continuing to attempt to access this site and its resources The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. EquiTrust Life Insurance Review - Good Financial Cents If, however, the underlying performs poorly in a given period, there are no losses to your account. EquiTrust Life Insurance Company 2022 Ratings. Founder of Huntley Wealth & Insurance Services. View contracts online. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. Is the EquiTrust Life Insurance Company highly rated? Our three-year blueprint for the future shows the way toward building on existing strengths. Insurer Ratings and Better Business Bureau Grade. 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. All are Brighthouse Financial affiliated companies. Plus, there are tax advantages to owning a fixed annuity. 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. January 14 2009 - by Lucy Campbell. Permission and instructions to access this system can be obtained from the SmartAsset access control We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin PA 2700-FM-AQ0021 2007 . Home | Equitable EquiTrust Life Insurance Company Reviews. Equitrust Life Insurance Co SEC Registration - sec.report Our founder was born into slavery and grew As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. document.write((new Date()).getFullYear()); September 9, 2022 @sherylwilliams_email. That just isnt up to par with other insurance companies around today. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets.
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