equitrust life insurance company annual report

Sapiens not only provides a wide array of best-of-breed solutions, but we also truly understand our customers operational goals and are committed to delivering best-in-class solutions, seamlessly to drive growth and deliver value. We're dedicated to providing you with new financial ideas to help meet your specific needs. 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. 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. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. Account Options. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. services are limited to referring users to third party advisers registered or chartered as fiduciaries Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. 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. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. 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. 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. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. 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. Revenue: $100 - $500 million See Exact Annual Revenue: This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. At Annuity Gator, we take the frustration out of shopping for annuities. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. is in violation of the regulations of this system. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. Call Sales Support. Domestic and international policy and outreach initiatives. Select a state or jurisdiction for insurance department contact information. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. Answers regarding health care law and insurance. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. If you put $100,000 into an annuity, you'll see $100,000 on your statement. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. Website at Agents.EquiTrust.com. 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 . Should you feel confident pursuing EquiTrust for your insurance needs? 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 . Explore our open opportunities for your chance to join our team. Comparison shopping should be easy. For questions regarding cocodes please call us at: 816-783-8600. You can also request a quote from the company online. at 866-598-3694 or visit. Membership lists, services and education to serve you and your mission. Subject to IRS daily maximum. And just . Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. An optional terminal illness rider may be added for an additional premium cost. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. Get your Bridge toolkit today. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? 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. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. EquiTrust Life Insurance Company Reviews. Plus, there are tax advantages to owning a fixed annuity. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. Questions? For more information visit https://sapiens.com or follow us on LinkedIn. Having a problem with an insurance company or agent? Posted: January 19, 2023. The EquiTrust Life Insurance Company ratings indicate that this company will have . 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. Save my name, email, and website in this browser for the next time I comment. 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. The third, named WealthPay LifeTM, is really a combination product. EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. Insurtech Customer Success Stories; With Xceedance, Sapiens, Opal, and CommBox, SAPIENS REPORTS Q4 AND FULL YEAR 2022 FINANCIAL RESULTS, South African Insurer Hollard Group Risk Implements Sapiens for Complete Core Transformation for Life & Pensions, How to make insurance appealing to millennials, Gen Z, MS Amlin Insurance Selects Sapiens for Transformation of its Commercial Lines Operations across Multiple Countries. 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. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. PA 2700-FM-AQ0021 2007 . You will also need to make a payment of at least $10,000. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. 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. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! 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. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. EquiTrust Life is a specialized insurance company, with a focus on life insurance. Today, this company holds north of $17 billion in assets under management. Applicants must be between the ages of 45 and 80. Keep reading to learn more about this company and what it can offer you. EquiTrust Life Insurance Company. As a result of hard work and talented people, we are doing well. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. 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. Site features products, a retirement center offering financial strategies, and a press room. Working with an adviser may come with potential downsides such as payment of fees (which will Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. Chris Huntley 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. advisors. Jun 2022 - Present10 months. About Us. However, the carrier does not provide a specific claims response timeframe promise. Leave us a note in the comments - we love everything insurance! Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. 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. Violators can and will be prosecuted to the full extent Nothing on this website is a recommendation to buy or sell an annuity. A vast majority (over 95%) of these assets are considered investment grade, though . Enter your ZIP code below to view companies that have cheap insurance rates. You place money into an account, and the agency invests it so that it will grow. Click the button below to request a report when hardcopies become available. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. In the event of a full surrender, applies to accumulation value and any . 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. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. There are no guarantees that working with an adviser will yield positive returns. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. All Rights Reserved. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. Your personal tax advisor can provide important . 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. A+ (excellent) rating by Better Business Bureau (BBB). View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. (816) 783-8600. Nursing Home and Terminal Illness Waivers. In addition, FBL manages all aspects of two Farm Bureau affiliated. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. principal. 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 . Two multi-asset, risk-controlled index options provide an extra level of diversification. I was hired just before the annual reporting with little to no training or guidance from management. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. 3. Tap into the digital era and reimagine your engagement with customers, the visibility you provide to agents and brokers, and the agility and flexibility with which you manage your business. Agent Pay Is Built Into the Policy. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. platform based on information gathered from users through our online questionnaire. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. All are Brighthouse Financial affiliated companies. Surrender Charge. BBB File Opened: 8/13/2012. More. We do not manage client funds or hold custody of assets, we help users connect with relevant financial When evaluating rates, please verify directly with your insurance company or agent. We also use content and scripts from third parties that may use tracking technologies. Forms are available on the website to make claims filing easier. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. Annual Reports. The main customer focus of EquiTrust is retirees and those who are approaching retirement. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Surrender charges may vary by state. EquiTrust Life Insurance Company . You can even use life insurance to provide yourself with more financial security while youre alive. 1. For example, there is no outline of an official claims process or claims response timeframe to be found. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. Plus, there's the added benefit of tax advantages offered by a fixed annuity. 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. This is not an offer to buy or sell any security or interest. EquiTrust earns this recognition for performance from 2017 through 2021. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. 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. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. You can selectively provide your consent below to allow such third party embeds. document.write((new Date()).getFullYear()); EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. 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. So, is this a brand you and your family can trust for years to come? 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. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. Applicant ages generally range between 60-80. All content is for educational purposes only. 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. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. 2. . At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. Most of the time, you'll see your account growing in value. The phoneline contact option is offered at restricted hours, Monday-Friday. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. Access public conference call documents and information. Our principal business is offering life insurance policies and annuity contracts. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. 10,000+ Employees. Equitrust Life Insurance Fast Facts. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. 2021 Annual Report to Stockholders 1.5 MB. American Republic remains focused on delivering quality coverage . Insurer Ratings and Better Business Bureau Grade. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. Copyright 2023 BestLifeRates.org, LLC. Privacy Policy. No online claims reporting option. 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. 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 . Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . 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. These include the: With an index annuity, you have the opportunity to attain a nice return, based on an underlying market index (or more than one market index). 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.

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