equitrust life insurance company annual report

EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. As always, conduct your own research on a variety of carriers before signing any paperwork. 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. . Please fill out the form below and click "Place Order" to complete your order. Consumers should always request life insurance quotes from at least three companies to ensure that they are picking the best policy for their coverage needs. PA 2700-FM-AQ0021 2007 . Client-Use Renewal-Rates Flyer. Overview. . EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. So lets examine these policies closely to discover which one could be the best fit for your needs. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. Having a problem with an insurance company or agent? EquiTrust Life Insurance has 125 employees. For this reason, theyre not suitable to meet everyones insurance needs. 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. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Our goal is to be an objective, third-party resource for everything insurance related. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. 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. All rights reserved. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. These discounts often include: Your independent insurance agent can help you find more information on exact discounts offered by EquiTrust and additional ways to save money through the insurance company, helping you to get the most bang out of your buck on coverage. We provide tools and resources to help regulators set standards and best practices, provide regulatory support functions, and educate on U.S. state-based insurance regulation. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. Website at Agents.EquiTrust.com. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. You should not rely upon forward-looking statements as predictions of future events. Working with an adviser may come with potential downsides such as payment of fees (which will Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. Documents exposed by various committee workgroups. Based in Northbrook, Illinois. Equitrust Life Insurance Co is a incorporated in the state of Iowa. Agent Pay Is Built Into the Policy. Established in 1899, A.M. Best is one of the oldest rating companies in the world. In 2016, EquiTrust surpassed $17 billion in total assets. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. Quotes and offers are not binding, nor a guarantee of coverage. And just . EquiTrust Life Insurance review. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. Licensed Insurance Agent. EquiTrust Values. You place money into an account, and the agency invests it so that it will grow. Call Sales Support. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. Our principal business is offering life insurance policies and annuity contracts. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. Learn more Arizona Department Of Insurance 2012/2013 Annual. What life insurance products does the EquiTrust Life Insurance Company offer? 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. Below are the most recent examination reports for each insurance company listed. Advertiser Disclosure: We strive to help you make confident insurance decisions. 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. The website also does not provide important information about claims processing. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . This is not an offer to buy or sell any security or interest. Explore future meetings and access past event documents. 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. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. Avi Shekhtman Read more by Avi Shekhtman. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). Independent insurance agents can help make customer service easier for you by handling claims and other concerns. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. 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. Call (866) 598-3694. In addition, premiums paid into the policy at approval see a 12% bonus immediately. 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 . / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. Domestic and international policy and outreach initiatives. When evaluating rates, please verify directly with your insurance company or agent. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. For more information visit https://sapiens.com or follow us on LinkedIn. Who owns the EquiTrust Life Insurance Company? Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. Posted: January 19, 2023. If you do not have permission, continuing to attempt to access this site and its resources The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. 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. Compound annual growth in premiums between -10% and +40% . Permission and instructions to access this system can be obtained from the SmartAsset access control Forms are available on the website to make claims filing easier. Income Rider: Includes Benefit Base bonus of 7% on first-year premiums plus Benefit Base compounds annually at 7% for up to 7 years; 1.25% annual fee on Accumulation Value; chronic-illness doubler. Find contact information for insurance departments and local insurance agents, or file a complaint. Report Date: July 1, 2022 Company Count: 385 COMPANY NAME NAIC# PHONE# 4 Ever Life Insurance Company 80985 2 Mid America Plaza, Suite 200 Oakbrook Terrace IL 60181-4712 8889234227 . For questions regarding cocodes please call us at: 816-783-8600. All Rights Reserved. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. Most clients invest in an annuity to pursue accumulation or cash-flow goals. Nothing on this website is a recommendation to buy or sell an annuity. 2023, Consumer Agent Portal, LLC. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. 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. Avoid market losses - guaranteed. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Sales Week: EquiTrust ads bring business to your doorstep or inbox. 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. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Vice President of Sales and Marketing. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. Market Ten Bonus Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating.. Plus, there are tax advantages to owning a fixed annuity.. And the bonus isn't just in the name. OMB Number: 3235-0729 . However, the carrier does not provide a specific claims response timeframe promise. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. Call Sales Support. Get your Bridge toolkit today. The insurance company does not list their official claims process on their website beyond how to file. This rating has decreased by -9% over the . The Certainty Select Annuity is EquiTrusts MYGA product. EquiTrust specializes in life insurance. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. The EquiTrust Life Insurance Company first opened its doors for business in 1996. Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. Product not available in all states or may vary by state. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Questions? We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. We're dedicated to providing you with new financial ideas to help meet your specific needs. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. The phoneline contact option is offered at restricted hours, Monday-Friday. Full-Time. Answers regarding health care law and insurance. 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. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. No matter what type of insurance you're looking for, you'll find the peace of mind you need. Should you feel confident pursuing EquiTrust for your insurance needs? Jun 2022 - Present10 months. Now, Magic Johnson Enterprises owns a large portion of the 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. January 14 2009 - by Lucy Campbell. 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. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. A relative newcomer to the insurance industry, EquiTrust was established in 1996. 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 . EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: principal. (816) 783-8600. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. 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. The EquiTrust Life Insurance Company ratings indicate that this company will have . 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. 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. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. That just isnt up to par with other insurance companies around today. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. The more quotes you compare, the more chances to save. Must pass suitability requirements. platform based on information gathered from users through our online questionnaire. A+ (excellent) rating by Better Business Bureau (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 . 2020 Annual Report to Stockholders. MONTHLY OVERVIEW: February updates, recaps and department news. Access technology tools and resources for U.S. insurance regulators. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. An optional terminal illness rider may be added for an additional premium cost. A relative newcomer to the insurance industry, EquiTrust was established in 1996. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . For complete information about the cookies we use, data we collect and how we process them, please check our. (Annual sales and employees). And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. EquiTrust Life Insurance Company . EquiTrust earns this recognition for performance from 2017 through 2021. With solid core values of integrity, leadership, accountability, teamwork, and passion, EquiTrust is certainly worth looking into if their product suite aligns with your financial needs and lifestyle. (See more.) Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. All insurance rates, products, and services are presented without warranty and guarantee. 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. View contracts online. It is extremely important that all filings are accurate, complete, and timely. at 866-598-3694 or visit the Agent. Keep reading to learn more about this company and what it can offer you. 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. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. No flexibility and no interest in promoting anyone who won't play their mean girl games. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. As of 2020, the insurance company has a reported $20.7 billion in total assets. September 9, 2022 @sherylwilliams_email. SmartAsset does not So, is this a brand you and your family can trust for years to come? The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. 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. Money cant buy happiness, but purchasing a life insurance policy can give your loved ones the gift of financial security if you were to pass unexpectedly. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. Steps to Completing a Financial Statement Filing. 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 NAIC will be working to ensure that companies have complied with electronic filing requirements and financial reporting requirements contained in the Blanks, Annual Statement Instructions and Purposes and Procedures Manual of the NAIC Investment Analysis Office,and any data validation failures are resolved. 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. 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. Financial Statement Filing & Step Through Guide, Raymond G. 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I started Insurance Blog by Chris because I have a passion for insurance. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. EquiTrust Life Insurance Company. EquiTrust Cons: Not a BBB accredited company. Its "A+" rating through the BBB is impressive, though. Its A+ rating through the BBB is impressive, though. All content is for educational purposes only. Exclusive, industry-focused manuals, data, and more. Files on this page are PDF. 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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