Leave us a note in the comments - we love everything insurance! You will also need to make a payment of at least $10,000. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. AM Best Revises Issuer Credit Rating Outlook to Positive for EquiTrust Life Insurance Company OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of "bbb" of EquiTrust Life Insurance Company (EquiTrust) (Chicago, IL). Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . Complete the financial statements using software from an approved vendor. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. We strive to help you make confident insurance decisions. A+ (excellent) rating by Better Business Bureau (BBB). Additional information. So, you can be sure that you and your spouse, partner, or other loved one can rely on income for the remainder of both of your lifetimes. EquiTrust Life Insurance Company Applicants must be between the ages of 45 and 80. EquiTrust Agent Portal No flexibility and no interest in promoting anyone who won't play their mean girl games. Call (866) 598-3694. This is not an offer to buy or sell any security or interest. The phoneline contact option is offered at restricted hours, Monday-Friday. 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. At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. EquiTrust Life Insurance Company Reviews - Glassdoor No matter what type of insurance you're looking for, you'll find the peace of mind you need. 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. The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. EquiTrust Life Insurance Company hiring Life and Annuity Claims Manager This rating has decreased by -9% over the . That just isnt up to par with other insurance companies around today. registered with the U.S. Securities and Exchange Commission as an investment adviser. You can selectively provide your consent below to allow such third party embeds. 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. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States EquiTrust Hit With Suit Over Unauthorized Payout Fees 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. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: 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. Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. EquiTrust has just one phoneline for customer service and all other inquiries. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. Annuity News. As a result of hard work and talented people, we are doing well. However, the insurance company is not accredited through the BBB. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. Transmit your filing to the NAIC via the Internet. Domestic and international policy and outreach initiatives. 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 Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. 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. //-->PDF Examination Report of Delaware Life Insurance Company As of December 31 Working with an adviser may come with potential downsides such as payment of fees (which will Quotes and offers are not binding, nor a guarantee of coverage. EquiTrust Life Insurance Company We also use content and scripts from third parties that may use tracking technologies. 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. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. Posted: January 19, 2023. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. 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. Access public conference call documents and information. 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. Independent Review of EquiTrust Life Insurance Company Most of the time, you'll see your account growing in value. Explore future meetings and access past event documents. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. For more information on how we're paid, click our link below.Full Disclosure. Financial Internet Filing Online User's Guide, For questions about statement filing: Developments and trends in financial markets and insurer investments. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . Click the button below to request a report when hardcopies become available. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. Equitrust was a great company at one time. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. All rights reserved. Insurer Ratings and Better Business Bureau Grade. Rachael Brennan Avoid market losses - guaranteed. SmartAssets Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. Access technology tools and resources for U.S. insurance regulators. Equitrust Market Ten Bonus Annuity (Up To 6% Bonus) review the ongoing performance of any Adviser, participate in the management of any users account by an The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. 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. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. Compare Quotes From Top Companies and Save. 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. More. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. 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. EquiTrust is a national carrier of competitive, client-friendly options, available through various distribution channels including more than 15,700 independent sales representatives and independent marketing organizations. Call Sales Support. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. Chris Huntley MONTHLY OVERVIEW: February updates, recaps and department news. 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. This policy stands apart because it is the combination of a life insurance policy and an annuity. 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. EquiTrust earns this recognition for performance from 2017 through 2021. It only offers three life insurance products, but if you are looking to increase your cash flow, an EquiTrust Life Insurance Company policy may be the right fit for your needs. 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. Equitrust Life Insurance Co is a incorporated in the state of Iowa. Exclusive, industry-focused manuals, data, and more. Report Locked. is in violation of the regulations of this system. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. EquiTrust, a trusted provider of retirement products with a strong track record of operating performance, distributes fixed-rate and indexed annuities and life insurance through a national network . Company/Agent Search | Missouri Department of Insurance, Financial 4.0 . Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. EquiTrust 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. 2. 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. Jun 2022 - Present10 months. 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. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. For questions regarding cocodes please call us at: 816-783-8600. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub EquiTrust Life Insurance Company | LinkedIn BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. 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. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. EquiTrust Client Portal 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. 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. Agent Pay Is Built Into the Policy. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). Membership lists, services and education to serve you and your mission. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. 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. If you do not have permission, continuing to attempt to access this site and its resources Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. I was hired just before the annual reporting with little to no training or guidance from management. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! Sales Week: EquiTrust ads bring business to your doorstep or inbox. 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. All content is for educational purposes only. Site features products, a retirement center offering financial strategies, and a press room. Personalized Illustrations. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. Equitrust Life Insurance Co Company Profile - Dun & Bradstreet All Rights Reserved. Complete the financial statements using software from an approved vendor. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. 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. 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. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust High rating through the BBB. Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. Find contact information for insurance departments and local insurance agents, or file a complaint. EquiTrust Life Insurance Company. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. EquiTrust Life Insurance Company Employee Reviews in West Des - Indeed Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. Explore our open opportunities for your chance to join our team. Product not available in all states or may vary by state. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. (Annual sales and employees). 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 . Reviews are posted at the request of readers so they could see an independent perspective when breaking down the positives and negatives of specific annuity contracts. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. This annuity features both single life and joint life payout options. 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. Equitrust ChoiceFour Annuity | 2.25% Rate - The Annuity Expert About Us. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. . Copyright 2022 Sapiens International. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Tabares et al v. Equitrust Life Ins. Co. - United Policyholders EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. Annual Reports | Financial Information | Investor Relations 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. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Report Flag as Inappropriate. Plus, there are tax advantages to owning a fixed annuity. The EquiTrust offers just one phoneline for all customer inquiries. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. 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. 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. Client-Use Renewal-Rates Flyer. N-CEN: Filer Information - whalewisdom.com Prior to August 2, 2013, the Company, formerly known as Sun Life Assurance Company of Canada (U.S.) (SLUS), was a member of the Sun Life Financial insurance holding company system. Company number. 1.9. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online Heather Kane - Vice President of Sales and Marketing - EquiTrust Life (See more.) In addition, premiums paid into the policy at approval see a 12% bonus immediately. 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. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. 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. PDF EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES - Iowa document.write((new Date()).getFullYear()); For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. For complete information about the cookies we use, data we collect and how we process them, please check our. I started Insurance Blog by Chris because I have a passion for insurance. Choices. Plus, there's the added benefit of tax advantages offered by a fixed annuity. Must pass suitability requirements. Marketing & Admin News. Equitrust Life Insurance Co SEC Registration - sec.report 2021 Annual Report to Stockholders. 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. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. Industry Financial Filing - National Association of Insurance Commissioners We have the right one for you. Learn more Related links form. Declining surrender charge, based on 9-year schedule. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers.
