("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. Established in 1899, A.M. Best is one of the oldest rating companies in the world. EquiTrust Life Insurance Company . 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. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. 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). EquiTrust Life Insurance Company Reviews - Glassdoor 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. Call Sales Support. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. So, is this a brand you and your family can trust for years to come? 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. 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. Comparison shopping should be easy. Posted: January 19, 2023. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. This information is designed to help you with your decision-making, and it is not intended to provide advice. Call Sales Support. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! Links for Internet Filing are provided to the right. Equitrust Market Ten Bonus Annuity (Up To 6% Bonus) 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. Magic Johnson adds life insurance co. to empire - USA TODAY 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. EquiTrust 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. These policies are single-premium, and you must pay at least $10,000 to activate your policy. Complete the financial statements using software from an approved vendor. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. 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. Are Any of These Annuities Right for You? 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. Copyright 2022 Sapiens International. 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. Keep reading to learn more about this company and what it can offer you. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. Annual Reports. We update our site regularly, and all content is reviewed by insurance experts. Learn more Arizona Department Of Insurance 2012/2013 Annual. The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. For this particular review, well focus just on the life insurance side of things: With a focus on accumulation and leverage, EquiTrusts life insurance products are aligned to help consumers utilize their current cash or cash flow for growth with the future in mind. law requires a life insurance producer to submit a form and pay a fee within 30. EquiTrust, while not a large insurance company by industry standards, has a unique set of products to fit investment-minded individuals approaching or in retirement. Equitrust Life Insurance Co SEC Registration - sec.report Our opinions are our own. 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 . An annuity is a fixed amount of money paid to you from an insurance firm. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Equitrust Life Insurance Fast Facts. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. 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. Click the button below to request a report when hardcopies become available. Equitrust ChoiceFour Annuity | 2.25% Rate - The Annuity Expert For questions regarding cocodes please call us at: 816-783-8600. EquiTrust Cons: Not a BBB accredited company. High rating through the BBB. Domestic and international policy and outreach initiatives. American Republic remains focused on delivering quality coverage . Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. 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. Learn more Related links form. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. 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. More. Get a D&B Hoovers Free Trial. Allstate Corporation. Contract E-Delivery is Here! The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. 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. For more information visit https://www.EquiTrust.com. 24 reviews. The phoneline contact option is offered at restricted hours, Monday-Friday. Surrender Charge. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is Today it has grown into a global brand with an entire team of passionate researchers, writers, and insurance professionals continuing the original mission Chris set out with: to make insurance simple. 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. 2020 Annual Report to Stockholders. 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. EquiTrust Life Insurance has 125 employees. In return, the client receives an instantly leveraged death benefit with long-term growth potential. Reviews from A.M. Best indicate an insurance companys financial strength and creditworthiness, and are based on comprehensive evaluations of the companys operating performance, business profile, and balance sheet. All insurance rates, products, and services are presented without warranty and guarantee. advisors. Industry Financial Filing - National Association of Insurance Commissioners If youre looking for a way to convert a large sum of money like a 401(k) or IRA balance into an ongoing income stream that begins right away, the Confidence Income Annuity from EquiTrust could be a viable option. 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 . We're dedicated to providing you with new financial ideas to help meet your specific needs. Forms are available on the website to make claims filing easier. property-casualty insurance companies for a management fee. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 EquiTrust currently offers three life insurance products. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. 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. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. 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. Raleigh, N.C., Jun21, 2022 Sapiens 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 . Sales Week: EquiTrust ads bring business to your doorstep or inbox. Financial Internet Filing Online User's Guide, For questions about statement filing: Our insurance industry partnerships dont influence our content. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . Should you feel confident pursuing EquiTrust for your insurance needs? Report Flag as Inappropriate. EquiTrust Agent Portal Annuity News. 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. 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. Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). And just . Additional information. You can selectively provide your consent below to allow such third party embeds. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. Comparison shopping should be easy. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. The main customer focus of EquiTrust is retirees and those who are approaching retirement. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Choices. (816) 783-8600. It is extremely important that all filings are accurate, complete, and timely. Its "A+" rating through the BBB is impressive, though. EquiTrust Life Insurance Company - Profile and Review - AnnuityAdvantage Plus, there's the added benefit of tax advantages offered by a fixed annuity. Exclusive, industry-focused manuals, data, and more. Compare Quotes From Top Companies and Save. Independent Review of EquiTrust Life Insurance Company 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. The company also offers roadside assistance and ridesharing coverage options. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. Violators can and will be prosecuted to the full extent . EquiTrust Life Insurance review. 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. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. Explore our open opportunities for your chance to join our team. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. 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. Download Acrobat Reader free of charge. 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. A relative newcomer to the insurance industry, EquiTrust was established in 1996. All rights reserved. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. That just isnt up to par with other insurance companies around today. OMB Number: 3235-0729 . Type of Entity: Corporation. EquiTrust Agent Portal If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. Years in Business: 10. Business Started: 8/1/2012. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. Company/Agent Search | Missouri Department of Insurance, Financial Everything I learned was self taught with demanding deadlines and being understaffed in our department. 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. Insurer Ratings and Better Business Bureau Grade. 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. 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. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. 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. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. And the bonus isn't just in the name. EquiTrust Life Insurance Company Shopping for a company? 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. You should not rely upon forward-looking statements as predictions of future events. Magic Johnson Enterprises Acquires Equitrust Life Insurance Co. 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. . Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. Today, this company holds north of $17 billion in assets under management. 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. The insurance companys official website could use a complete overhaul, and does not provide many customer service options todays insurance customers have come to expect such as online claims reporting or getting matched with an agent. When evaluating rates, please verify directly with your insurance company or agent. 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. 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. EquiTrust Life Insurance Company Nothing on this website is a recommendation to buy or sell an annuity. EquiTrust Life will provide a 12 percent bonus paid over three years. 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. Business Profile for EquiTrust Life Insurance Company Access public conference call documents and information. Site features products, a retirement center offering financial strategies, and a press room. Working at EquiTrust Life Insurance Company: 17 Reviews at 866-598-3694 or visit the Agent. 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. 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. Equitrust was a great company at one time. This is the EquiTrust Life Insurance Company company profile. 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 Review - TrustedChoice.com Licensed Insurance Agent. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. EquiTrust allows customers to file claims via email, fax, or phone. Based in Northbrook, Illinois. For complete information about the cookies we use, data we collect and how we process them, please check our. However, what were most concerned with is whether or not an insurance company takes care of its hardworking customers and delivers on the coverage promises it makes. Research and analysis on important insurance issues. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. No official claims response timeframe promise. As a result of hard work and talented people, we are doing well. 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. And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. EquiTrust Hit With Suit Over Unauthorized Payout Fees EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. 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. 1. 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. services are limited to referring users to third party advisers registered or chartered as fiduciaries 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. EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub
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