equitrust life insurance company annual report

This annuity features both single life and joint life payout options. review the ongoing performance of any Adviser, participate in the management of any users account by an Avi Shekhtman Read more by Avi Shekhtman. Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. Two multi-asset, risk-controlled index options provide an extra level of diversification. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. A financial services company newly renamed and offering individual and business life insurance, and annuities. 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. 2023, Consumer Agent Portal, LLC. Plus, there are tax advantages to owning a fixed annuity. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions our lengthy and complex sales cycles, which do not always result in the realization of revenues the degree of our success in retaining our existing customers or competing effectively for greater market share difficulties in successfully planning and managing changes in the size of our operations the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream the challenges and potential liability that heightened privacy laws and regulations pose to our business occasional disputes with clients, which may adversely impact our results of operations and our reputation various intellectual property issues related to our business potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers systems risks related to the insurance industry in which our clients operate risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations in currency exchange rates and risks related to our principal location in Israel and our status as a Cayman Islands company. Sales Week: EquiTrust ads bring business to your doorstep or inbox. Adviser or provide advice regarding specific investments. The company also offers roadside assistance and ridesharing coverage options. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. Call Sales Support. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) Leave us a note in the comments - we love everything insurance! 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. 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. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. 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. The EquiTrust Life Insurance Company may only be 25 years old, but its ratings indicate that purchasing a policy from this company could be a good investment for some consumers. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. 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. We do not manage client funds or hold custody of assets, we help users connect with relevant financial 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . 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. Many customers also trust EquiTrust to handle retirement income or wealth transfer. Personalized Illustrations. 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. So, is this a brand you and your family can trust for years to come? 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). Written by ]]> Minimum Premium: $10,000 NQ/Q. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. Answers regarding health care law and insurance. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. 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. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Developments and trends in financial markets and insurer investments. EquiTrust Life Insurance Company Reviews. Financial Internet Filing Online User's Guide, For questions about statement filing: Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. Today, this company holds north of $17 billion in assets under management. 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. Our principal business is offering life insurance policies and annuity contracts. Licensed Insurance Agent. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. EquiTrust has just one phoneline for customer service and all other inquiries. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! registered with the U.S. Securities and Exchange Commission as an investment adviser. Discover our framework to drive change and promote accountability in our workplace. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. 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. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. 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. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. If you put $100,000 into an annuity, you'll see $100,000 on your statement. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Applicants must be between the ages of 45 and 80. All Rights Reserved. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. 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. is in violation of the regulations of this system. No matter what type of insurance you're looking for, you'll find the peace of mind you need. However, the insurance company is not accredited through the BBB. To apply for this policy, you must: WealthSure also accumulates cash value. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . Choices. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. In this material, the terms advisor and financial advisor are used as general references to licensed insurance professionals and are not intended to indicate whether the licensed insurance professional is a Registered Investment Advisor or is otherwise authorized under the law to provide financial advice. . 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. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. Contract E-Delivery is Here! The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. 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. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. Click the button below to request a report when hardcopies become available. In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. A+ (excellent) rating by Better Business Bureau (BBB). This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. 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. 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. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. Our insurance industry partnerships dont influence our content. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. AnnuityGator. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. 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. The phoneline contact option is offered at restricted hours, Monday-Friday. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. reduce returns). 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. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. If, however, the underlying performs poorly in a given period, there are no losses to your account. You can selectively provide your consent below to allow such third party embeds. 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. You will also need to make a payment of at least $10,000. The rating was last updated on 09/09/2022. services are limited to referring users to third party advisers registered or chartered as fiduciaries FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . It includes a death benefit, as well as a nursing home waiver. 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. 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 . 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. 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. Select a state or jurisdiction for insurance department contact information. You can check out all of the benefits of the Confidence Income Annuity HERE. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Nursing Home and Terminal Illness Waivers. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. Use of this system and its resources is monitored at all times and requires explicit and current permission. 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. Transmit your filing to the NAIC via the Internet. 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. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. Only dismal customer reviews spotted across the web. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. 2020 Annual Report to Stockholders. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. SmartAssets (816) 783-8400, For questions about the database & electronic filing: Client Brochure. Overview. 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 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 . Forms are available on the website to make claims filing easier. Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of EquiTrust Life Insurance Company, Independent Review of the EquiTrust Choice Four Fixed Annuity, Independent Review of the EquiTrust Certainty Select MYGA Annuity. of the law. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. We update our site regularly, and all content is reviewed by insurance experts. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. 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. Learn more Arizona Department Of Insurance 2012/2013 Annual. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. For more information visit https://sapiens.com or follow us on LinkedIn. 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. Insurer Ratings and Better Business Bureau Grade. EquiTrust offers just one phoneline for all customer inquiries. Are cheaper life insurance policies available? (816) 783-8600. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! 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 . 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. Official website is sorely lacking. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. 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 . 24 reviews. 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 Life Insurance Company; 7100 Westown Pkwy Suite 200; West Des Moines, IA 50266-2521; My Annuity Contracts/Life Policies; FAQs; Contact Information; My EquiTrust is a secured customer resource for current values, transaction history, updates, forms and general assistance. September 9, 2022 @sherylwilliams_email. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is Innovation is a key pillar within EquiTrust Life, and we felt that Sapiens digital tools would enable innovation much faster than any other competitor, while providing us industry insights and best practices, said Carol Woodruff, Vice President, Information Systems with EquiTrust Life. 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. 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. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. Enter your ZIP code below to view companies that have cheap insurance rates. However, the carrier does not provide a specific claims response timeframe promise. Get a D&B Hoovers Free Trial. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. SEC CIK #0001054501. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. 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. If youre looking for life insurance or annuities from an insurance company that makes its customers a priority, we strongly encourage you to work together with your independent insurance agent to survey all other options before settling on EquiTrust Life Insurance Company as your trusted carrier. January 14 2009 - by Lucy Campbell. EquiTrust Cons: Not a BBB accredited company. Professional development for state insurance regulators and industry professionals. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: Within its annuity portfolio, EquiTrust provides fixed index products, MYGA (Multi-Year Guarantee) products, a single premium immediate annuity (SPIA), and even an annuity that offers a one-year renewable rate. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. Reviewed by Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. Click the links below for: Agent Guide. Privacy Policy. All are Brighthouse Financial affiliated companies. Must pass suitability requirements. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. High rating through the BBB. Your personal tax advisor can provide important . 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. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. For questions regarding cocodes please call us at: 816-783-8600. Please fill out the form below and click "Place Order" to complete your order. No official claims response timeframe promise. 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. Avoid market losses - guaranteed. 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. Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. Domestic and international policy and outreach initiatives. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. . EquiTrust Life Insurance review. Links for Internet Filing are provided to the right. This material is not intended to provide investment advice to . Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Dina Vince Head of Investor Relations, Sapiens. Having a problem with an insurance company or agent? Advertiser Disclosure: We strive to help you make confident insurance decisions. Subject to IRS daily maximum. Sapiens ApplicationPro is a robust electronic application software that helps carriers address critical business drivers, such as decreasing timetoissue and reducing policy acquisition costs, all in an extremely intuitive and easytouse package. Have questions about any kind of insurance? These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. 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. Its "A+" rating through the BBB is impressive, though. We have the right one for you. Get your Bridge toolkit today. 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. 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. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online property-casualty insurance companies for a management fee. EquiTrust allows customers to file claims via email, fax, or phone. Comparison shopping should be easy. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. We're here to help. In the event of a full surrender, applies to accumulation value and any . Two Arizona senior citizens filed a proposed class-action lawsuit against EquitTrust Life Insurance Company, claiming the Iowa-based financial company duped consumers into purchasing financial products through deceptive sales practices, among other charges. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. BestLifeRates.org, LLC. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. Bottom Line: EquiTrust is known for offering life insurance that does not require medical exams, and has even been recognized as a top performing insurance company by Wards. Equitrust Life Insurance Fast Facts. 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. 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. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. 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. 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.

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