An optional terminal illness rider may be added for an additional premium cost. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is Violators can and will be prosecuted to the full extent This is not an offer to buy or sell any security or interest. We're dedicated to providing you with new financial ideas to help meet your specific needs. There are many reputable life insurance companies in the market today that sell a wide variety of policies. 1. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. To be among the Ward's 50, each company must pass all safety and consistency screens, and have achieved superior performance over the five years analyzed. Written by Equitrust Life Variable Account - Sec Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. 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. Quotes and offers are not binding, nor a guarantee of coverage. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. EquiTrust Life Insurance Company Access to every published model law, regulation, and guideline. PA 2700-FM-AQ0021 2007 . A financial services company newly renamed and offering individual and business life insurance, and annuities. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. These include the: With an index annuity, you have the opportunity to attain a nice return, based on an underlying market index (or more than one market index). Managers play favorites, have created a hostile environment where bullying their employees is acceptable. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. 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. Columbus, Ohio Area. 1.9. 2023, Consumer Agent Portal, LLC. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. 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. Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. Dina Vince Head of Investor Relations, Sapiens. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. EquiTrust Agent Portal We update our site regularly, and all content is reviewed by insurance experts. Product not available in all states or may vary by state. Today, this company holds north of $17 billion in assets under management. 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 . and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered. 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. Erie Insurance Reviews (2023): 900+ User Ratings - WalletHub 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. Steps to Completing a Financial Statement Filing. BBB File Opened: 8/13/2012. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. If you do not have permission, continuing to attempt to access this site and its resources Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. 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. Report Locked. 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. EquiTrust Life will provide a 12 percent bonus paid over three years. Documents exposed by various committee workgroups. Equitrust Life Insurance Co SEC Registration - sec.report Shopping for a company? For more information visit https://www.EquiTrust.com. Personalized Illustrations. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online 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. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. Independent Review of EquiTrust Life Insurance Company Vice President of Sales and Marketing. Therefore, the PDFs cannot be made available to state insurance regulators. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. Exclusive, industry-focused manuals, data, and more. All Rights Reserved. EquiTrust Life Insurance has 125 employees. is in violation of the regulations of this system. The Life and Annuity Claims Manager is responsible for management, leadership and oversight of the Life and Annuity Claims Department overseeing death and contractual living benefits processing team. Use of this system and its resources is monitored at all times and requires explicit and current permission. Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. (816) 783-8600. At Annuity Gator, we take the frustration out of shopping for annuities. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. We administer financial products for retirees, and Sapiens solution delivers a superior agent experience to market complex financial products that help protect our growing senior population.. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States Access technology tools and resources for U.S. insurance regulators. Please fill out the form below and click "Place Order" to complete your order. Download Acrobat Reader free of charge. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. 54% of EquiTrust Life Insurance employees are women, while 46% are men. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. Click to subscribe for email notifications of new items posted to this page. EquiTrust Agent Portal 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. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. 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. Equitrust Life Insurance Co is a incorporated in the state of Iowa. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. 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. 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. Developments and trends in financial markets and insurer investments. SmartAssets The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. Our three-year blueprint for the future shows the way toward building on existing strengths. When evaluating rates, please verify directly with your insurance company or agent. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. FBL Financial Group - Wikipedia Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. Working At EquiTrust Life Insurance: Employee Reviews and Culture - Zippia Call Sales Support. 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. Website at Agents.EquiTrust.com. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Have a question or request? All rights reserved. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. Are cheaper life insurance policies available? This rating has decreased by -9% over the . Who owns the EquiTrust Life Insurance Company? Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. Working with an adviser may come with potential downsides such as payment of fees (which will 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. of the law. 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. EquiTrust Life Insurance Company. advisors. You will also need to make a payment of at least $10,000. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. Annual Report on Equitrust Life Insurance's Revenue, Growth, SWOT Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . 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. At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. Jun 2022 - Present10 months. EquiTrust cannot give legal, tax or accounting advice. Allstate Corporation - AnnualReports.com We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. 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. No matter what type of insurance you're looking for, you'll find the peace of mind you need. 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. 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. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. However, the carrier does not provide a specific claims response timeframe promise. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. EquiTrust Life Insurance Company Review - TrustedChoice.com No flexibility and no interest in promoting anyone who won't play their mean girl games. Financial Ratings. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. FBL Financial Group Inc. - AnnualReports.com American Republic - About Us Copyright 2022 Sapiens International. 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. You place money into an account, and the agency invests it so that it will grow. 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. 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. For more information on how we're paid, click our link below.Full Disclosure. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. In addition, FBL manages all aspects of two Farm Bureau affiliated. Licensed Insurance Agent. Links for Internet Filing are provided to the right. All are Brighthouse Financial affiliated companies. In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust A relative newcomer to the insurance industry, EquiTrust was established in 1996. An annuity is a fixed amount of money paid to you from an insurance firm. Get a D&B Hoovers Free Trial. Many customers also trust EquiTrust to handle retirement income or wealth transfer. Description. What life insurance products does the EquiTrust Life Insurance Company offer? Its A+ rating through the BBB is impressive, though. at 866-598-3694 or visit. 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. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. 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. Financial Internet Filing Online User's Guide, For questions about statement filing: Avi Shekhtman Read more by Avi Shekhtman. EquiTrust Life Insurance Company. EquiTrust has primarily focused on two main product lines: These are the two most common products with any life insurance carrier, since annuities and life insurance somewhat go hand-in-hand. 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. EquiTrust Life Insurance Company is a national carrier of competitive, client-friendly annuity products sold through a variety of distribution channels, including more than 20,000 independent . Posted: January 19, 2023. The experience at EquiTrust varies depending on what department you work in. Applicants must be between the ages of 45 and 80. A+ (excellent) rating by Better Business Bureau (BBB). 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. The EquiTrust Life Insurance Company ratings indicate that this company will have . Are Any of These Annuities Right for You? EquiTrust Agent Portal Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. The rating was last updated on 09/09/2022. (Annual sales and employees). How Do Annuity Agent Commissions Work? - The Balance This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. As always, conduct your own research on a variety of carriers before signing any paperwork. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. 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. Our insurance industry partnerships dont influence our content. Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. investor.relations@brighthousefinancial.com. 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. Allstate Corporation. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. 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. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. Financial Statement Filing & Step Through Guide, Raymond G. Farmer Award for Exceptional Leadership, System for Electronic Rates and Forms Filings, Market Regulation and Consumer Affairs (D), Financial Regulation Standards and Accreditation (F), Innovation, Cybersecurity, and Technology (H), Market Conduct Annual Statement Blanks (D), Risk-Based Capital Investment Risk and Evaluation (E), Purposes and Procedures Manual of the NAIC Investment Analysis Office, Capital Adequacy (E) Task Force (Risk-Based Capital), Statutory Accounting Principles (SAP) (E) Working Group, Updates to the Accounting Practices & Procedures (AP&P) Manual, Financial Internet Filing Online User's Guide, industry-financial-filing-individual-remittance-advice.pdf, industry-financial-filing-combined-remittance-advice.pdf, industry-financial-filing-group-remittance-advice.pdf, 2022Annual 2023Quarterly Financial Statement Filing Deadlines, Annual, Quarterly, and Risk-Based Capital Approved Software Vendors, Formulas for Life, Health & Annuity Guaranty Association Assessable Premium Exhibit Part 2, Purposes & Procedures Manual of the NAIC Investment Analysis Office, Guide to Compliance with State Audit Requirements, Retaliation: A Guide to State Retaliatory Taxes, Fees, Deposits and Other Requirements, Risk-Based Capital (RBC) Forecasting Products, Statutory Accounting Principles (SAP) Self-Study Program, States' Prescribed Differences from NAIC Statutory Accounting Principles (SAP), Assistance with Annual and Quarterly Statement Completion, If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the. Avoid market losses - guaranteed. Advertiser Disclosure: We strive to help you make confident insurance decisions. EquiTrust Annuity Review | SmartAsset.com Plus, there's the added benefit of tax advantages offered by a fixed annuity. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. EquiTrust Agent Portal However, the insurance company is not accredited through the BBB. 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. 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. 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. Company number. //-->EquiTrust Agent Portal Offers life insurance and annuities. Plus, there are tax advantages to owning a fixed annuity. PDF MARKETTWELVE BONUS INDEX - ImmediateAnnuities.com Equitrust Life Insurance Company Inc - Dun & Bradstreet existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021!