Vice President of Sales and Marketing. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. Plus, there are tax advantages to owning a fixed annuity. Equitrust Market Ten Bonus Annuity (Up To 6% Bonus) property-casualty insurance companies for a management fee. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. Access to every published model law, regulation, and guideline. ]]> Applicants must be between the ages of 45 and 80. EquiTrust Client Portal Permission and instructions to access this system can be obtained from the SmartAsset access control Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. EquiTrust, which was recently bought in October of 2011 by Guggenheim Partners, LLC., a global investment and advisory institution, is a growth-minded retirement and legacy-focused life insurance company. 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 . For complete information about the cookies we use, data we collect and how we process them, please check our. EquiTrust Life Partners with Sapiens on their Next Generation Digital One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. EquiTrust Life Insurance Review - Good Financial Cents EquiTrust cannot give legal, tax or accounting advice. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. 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. 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. Our opinions are our own. Equitrust was a great company at one time. 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. Company number. 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. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. (Annual sales and employees). The third, named WealthPay LifeTM, is really a combination product. EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Most of the time, you'll see your account growing in value. 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. Call Sales Support. EquiTrust Agent Portal EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. document.write((new Date()).getFullYear()); Official website is sorely lacking. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 Surrender charges may vary by state. No online claims reporting option. OMB Number: 3235-0729 . Only dismal customer reviews spotted across the web. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. review the ongoing performance of any Adviser, participate in the management of any users account by an 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. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. EquiTrust Life Insurance Company 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. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Product not available in all states or may vary by state. 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 . The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. The EquiTrust Life Insurance Company first opened its doors for business in 1996. A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. Answers regarding health care law and insurance. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. There are many reputable life insurance companies in the market today that sell a wide variety of policies. The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. We're here to help. Founder of Huntley Wealth & Insurance Services. About Us. Our three-year blueprint for the future shows the way toward building on existing strengths. If you dont want to worry about missing a payment on your life insurance, you may be intrigued by EquiTrusts WealthSure Life insurance policy. 1991-2023 National Association of Insurance Commissioners. 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. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. You should not rely upon forward-looking statements as predictions of future events. Adviser or provide advice regarding specific investments. at 866-598-3694 or visit. SEC CIK #0001054501. And just . Equitrust ChoiceFour Annuity | 2.25% Rate - The Annuity Expert Counsel for plaintiffs in the case described the decision this way: "In Tabares v. EquiTrust Life Insurance Company, a class of deferred annuity purchasers alleged that although EquiTrust promised them a 10% premium bonus if they purchased one of its deferred annuities, it simply offset the amount of the bonus through lower annual rates. If, however, the underlying performs poorly in a given period, there are no losses to your account. As of 2020, the insurance company has a reported $20.7 billion in total assets. 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. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. Equitrust Annuity | Market Value Annuity EquiTrust Life Insurance Company The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. at 866-598-3694 or visit the Agent. Nothing on this website is a recommendation to buy or sell an annuity. Established in 1899, A.M. Best is one of the oldest rating companies in the world. 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. Erie Insurance Reviews (2023): 900+ User Ratings - WalletHub Its "A+" rating through the BBB is impressive, though. Earvin Magic Johnson's Equitrust funds over $100 million for minority EquiTrust earns this recognition for performance from 2017 through 2021. Among the carriers consumers likely arent familiar with is EquiTrust Life Insurance Company, but this shouldnt be a deterrentwhen considering to do business with them. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. 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. All are Brighthouse Financial affiliated companies. Magic Johnson adds life insurance co. to empire - USA TODAY In 2016, EquiTrust surpassed $17 billion in total assets. Avoid market losses - guaranteed. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. Equitrust Life Insurance Co is a incorporated in the state of Iowa. Avi Shekhtman Read more by Avi Shekhtman. Type of Entity: Corporation. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. Allstate Corporation has reached its limit for free report views. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. 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. Choices. MONTHLY OVERVIEW: February updates, recaps and department news. Required fields are marked *. Annuity News. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. Comparison shopping should be easy. 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. Tabares et al v. Equitrust Life Ins. Co. - United Policyholders 24 reviews. 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. The insurance company does not list their official claims process on their website beyond how to file. EquiTrust Life will provide a 12 percent bonus paid over three years. 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 will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. You can even use life insurance to provide yourself with more financial security while youre alive. Working with an adviser may come with potential downsides such as payment of fees (which will 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. Discover our framework to drive change and promote accountability in our workplace. What life insurance products does the EquiTrust Life Insurance Company offer? According to the lawsuit, EquiTrust designed a . After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. Advertiser Disclosure: We strive to help you make confident insurance decisions. EquiTrust Agent Portal Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. 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. I was hired just before the annual reporting with little to no training or guidance from management. 2020 Annual Report to Stockholders. Compound annual growth in premiums between -10% and +40% . By continuing to access this system you acknowledge you are aware of and agree to these terms. EquiTrust Life Insurance Company 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 The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. September 9, 2022 @sherylwilliams_email. EquiTrust Agent Portal 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. 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. from WalletHub and across the web. 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. Growth is based on current interest. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. Mark Willoughby, CPA - AVP Internal Audit - EquiTrust Life Insurance Your personal tax advisor can provide important . We update our site regularly, and all content is reviewed by insurance experts. Personalized Illustrations. Membership lists, services and education to serve you and your mission. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. 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. The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. Nursing Home and Terminal Illness Waivers. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . 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. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. Minimum Premium: $10,000 NQ/Q. You can check out all of the benefits of the Confidence Income Annuity HERE. Allstate Corporation. This is not an offer to buy or sell any security or interest. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. Reviewed by 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. It includes a death benefit, as well as a nursing home waiver. This policy stands apart because it is the combination of a life insurance policy and an annuity. This material is not intended to provide investment advice to . Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Exclusive, industry-focused manuals, data, and more. 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 . Atlanta Life Insurance - Atlanta Life Insurance EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. Award-Winning Sales Intel. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. services are limited to referring users to third party advisers registered or chartered as fiduciaries Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. When evaluating rates, please verify directly with your insurance company or agent. 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. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. investor.relations@brighthousefinancial.com. PA 2700-FM-AQ0021 2007 . This is the EquiTrust Life Insurance Company company profile. 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. 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. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. Many customers also trust EquiTrust to handle retirement income or wealth transfer. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). For questions regarding cocodes please call us at: 816-783-8600. Your email address will not be published. All content is for educational purposes only. 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. Two multi-asset, risk-controlled index options provide an extra level of diversification. Unlike most of the top ten best life insurance companies weve rated thus far, EquiTrust Life is more of a niche insurer, meaning they definitely have a specialty and dont stray far from it. Have a question or request? I started Insurance Blog by Chris because I have a passion for insurance. An annuity is a fixed amount of money paid to you from an insurance firm. 1.9. 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. Financial Ratings. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Working at EquiTrust Life Insurance Company | Glassdoor 2021 Annual Report to Stockholders 1.5 MB. 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 . (816) 783-8400, For questions about the database & electronic filing: Equitrust Life Variable Account - Sec 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. 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. And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. Declining surrender charge, based on 9-year schedule. Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. Applicant ages generally range between 60-80. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. 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. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. Compare Quotes From Top Companies and Save. Copyright 2023 BestLifeRates.org, LLC. Professional development for state insurance regulators and industry professionals. No flexibility and no interest in promoting anyone who won't play their mean girl games. Shopping for a company? Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! Client-Use Renewal-Rates Flyer. Sales Week: EquiTrust ads bring business to your doorstep or inbox. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. EquiTrust Life Insurance review. 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. 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 . SmartAsset does not In the event of a full surrender, applies to accumulation value and any . Contract E-Delivery is Here! Links for Internet Filing are provided to the right. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! Posted: January 19, 2023. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. If you dont have an extra $10,000 lying around, though, you may want to investigate other insurance companies that offer more affordable whole life insurance policies. administrators. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Full-Time. 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. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. Independent Review of EquiTrust Life Insurance Company Jun 2022 - Present10 months. Surrender Charge. N-CEN: Filer Information - whalewisdom.com 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. American Republic - About Us No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. Equitrust Life Insurance Co SEC Registration - sec.report 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. Financial Statement Filing & Step Through Guide, Raymond G. 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