EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . A+ (excellent) rating by Better Business Bureau (BBB). 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. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. Equitrust Life Insurance Company Inc - Dun & Bradstreet Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. There are many reputable life insurance companies in the market today that sell a wide variety of policies. Answers regarding health care law and insurance. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. Download Acrobat Reader free of charge. Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. 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. 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. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. 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 provides phone claims reporting as well as fax and email claims reporting options for their customers. What is the EquiTrust Life Insurance Company? Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. The EquiTrust Life Insurance Company first opened its doors for business in 1996. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Find contact information for insurance departments and local insurance agents, or file a complaint. Adviser or provide advice regarding specific investments. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. 3. PDF Examination Report of Delaware Life Insurance Company As of December 31 Click the button below to request a report when hardcopies become available. EquiTrust Life Insurance Company For questions regarding cocodes please call us at: 816-783-8600. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. A Name You Can Trust. EquiTrust Life Insurance Company is a national carrier of competitive, client-friendly annuity products sold through a variety of distribution channels, including more than 20,000 independent . Access public conference call documents and information. Client Brochure. document.write((new Date()).getFullYear()); Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. investor.relations@brighthousefinancial.com. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Examination Reports | Iowa Insurance Division Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. BBB File Opened: 8/13/2012. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. Our three-year blueprint for the future shows the way toward building on existing strengths. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. //--> Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP 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). 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. Award-Winning Sales Intel. EquiTrust Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. The company also offers roadside assistance and ridesharing coverage options. Is the EquiTrust Life Insurance Company highly rated? More. Financial Ratings. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . Today, this company holds north of $17 billion in assets under management. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. 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. 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 . Reviewed by Therefore, the PDFs cannot be made available to state insurance regulators. 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. Description. EquiTrust Life Insurance Company Review - TrustedChoice.com 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. 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. Working at EquiTrust Life Insurance Company: 17 Reviews Earvin Magic Johnson's Equitrust funds over $100 million for minority Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. The website also does not provide important information about claims processing. Financial Internet Filing Online User's Guide, For questions about statement filing: Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. . 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. Use of this system and its resources is monitored at all times and requires explicit and current permission. Permission and instructions to access this system can be obtained from the SmartAsset access control Have questions about any kind of insurance? ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin Annual Report on Equitrust Life Insurance's Revenue, Growth, SWOT 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. Minimum Premium: $10,000 NQ/Q. review the ongoing performance of any Adviser, participate in the management of any users account by an 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. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. (See more.) Call Sales Support. 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. Equitrust ChoiceFour Annuity | 2.25% Rate - The Annuity Expert 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. Explore our open opportunities for your chance to join our team. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. 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. Choices. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. Equitrust Market Ten Bonus Annuity (Up To 6% Bonus) Independent Review of EquiTrust Life Insurance Company All Rights Reserved. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. Our insurance industry partnerships dont influence our content. Equitrust Life Variable Account - Sec Rachael Brennan Keep reading to learn more about this company and what it can offer you. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Chris Huntley EquiTrust Agent Portal We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. 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. 2. existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. 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. 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. If, however, the underlying performs poorly in a given period, there are no losses to your account. Domestic and international policy and outreach initiatives. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. Discover our framework to drive change and promote accountability in our workplace. Our opinions are our own. EquiTrust Life Insurance Company. All investing involves risk, including loss of The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. 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 at 866-598-3694 or visit. Carol Woodruff - Vice President, Information Systems - EquiTrust Life The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. EquiTrust is one of the best life insurance companies to increase your cash flow. 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 Account Options. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. Columbus, Ohio Area. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. Additional information. 2021 Annual Report to Stockholders. P.S If you would like to read more of our EquiTrust Life Insurance annuity reviews here are some links to check out: Your email address will not be published. There are no guarantees that working with an adviser will yield positive returns. EquiTrust Life Insurance Company has been around since 1996. This material is not intended to provide investment advice to . We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. No flexibility and no interest in promoting anyone who won't play their mean girl games. EquiTrust Life Annuity Account - SEC.gov. 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. The experience at EquiTrust varies depending on what department you work in. EquiTrust Client Portal In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. 1.9. Applicants must be between 60 and 80 to apply for this policy, which also features an Accelerated Death Benefit Rider, flexible premium allocation, and index credits. Compound annual growth in premiums between -10% and +40% . EquiTrust currently offers three life insurance products. We have the right one for you. We're dedicated to providing you with new financial ideas to help meet your specific needs. 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. EquiTrust Agent Portal Financial Statement Filing & Step Through Guide, Raymond G. Farmer Award for Exceptional Leadership, System for Electronic Rates and Forms Filings, Market Regulation and Consumer Affairs (D), Financial Regulation Standards and Accreditation (F), Innovation, Cybersecurity, and Technology (H), Market Conduct Annual Statement Blanks (D), Risk-Based Capital Investment Risk and Evaluation (E), Purposes and Procedures Manual of the NAIC Investment Analysis Office, Capital Adequacy (E) Task Force (Risk-Based Capital), Statutory Accounting Principles (SAP) (E) Working Group, Updates to the Accounting Practices & Procedures (AP&P) Manual, Financial Internet Filing Online User's Guide, industry-financial-filing-individual-remittance-advice.pdf, industry-financial-filing-combined-remittance-advice.pdf, industry-financial-filing-group-remittance-advice.pdf, 2022Annual 2023Quarterly Financial Statement Filing Deadlines, Annual, Quarterly, and Risk-Based Capital Approved Software Vendors, Formulas for Life, Health & Annuity Guaranty Association Assessable Premium Exhibit Part 2, Purposes & Procedures Manual of the NAIC Investment Analysis Office, Guide to Compliance with State Audit Requirements, Retaliation: A Guide to State Retaliatory Taxes, Fees, Deposits and Other Requirements, Risk-Based Capital (RBC) Forecasting Products, Statutory Accounting Principles (SAP) Self-Study Program, States' Prescribed Differences from NAIC Statutory Accounting Principles (SAP), Assistance with Annual and Quarterly Statement Completion, If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the. 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. Have a question or request? EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 Surrender charges may vary by state. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. 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. Privacy Policy. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. EquiTrust Cons: Not a BBB accredited company. Insurer Ratings and Better Business Bureau Grade. Copyright 2023 BestLifeRates.org, LLC. provides independent information for the purpose of providing consumers insight into obtaining the best life insurance coverage from the best life insurance company they could obtain, subject to underwriting. Only dismal customer reviews spotted across the web. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! Variable products are distributed by Brighthouse Securities, LLC (member FINRA). EquiTrust Life Insurance has 125 employees. . 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. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. We also use content and scripts from third parties that may use tracking technologies. Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. 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. Website at Agents.EquiTrust.com. Type of Entity: Corporation. 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 . You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. You should not rely upon forward-looking statements as predictions of future events. All insurance rates, products, and services are presented without warranty and guarantee. Annuity News. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. Marketing & Admin News. Access to every published model law, regulation, and guideline. EquiTrust Life Insurance Company hiring Life and Annuity Claims Manager Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. Company/Agent Search | Missouri Department of Insurance, Financial EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online
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