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. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. 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. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. A relative newcomer to the insurance industry, EquiTrust was established in 1996. at 866-598-3694 or visit the Agent. Documents exposed by various committee workgroups. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. What is the EquiTrust Life Insurance Company? Select a state or jurisdiction for insurance department contact information. Agent Pay Is Built Into the Policy. Applicants must be between 60 and 80 to apply for this policy, which also features an Accelerated Death Benefit Rider, flexible premium allocation, and index credits. PA 2700-FM-AQ0021 2007 . PDF LIFE INSURERS Report Date Company Count - dbr.ri.gov Access public conference call documents and information. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. Financial Internet Filing Online User's Guide, For questions about statement filing: Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! A Name You Can Trust. 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. Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). Avoid market losses - guaranteed. Your personal tax advisor can provide important . Today, this company holds north of $17 billion in assets under management. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 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). Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. 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. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. AnnuityGator. Working at EquiTrust Life Insurance Company | Glassdoor Carol Woodruff - Vice President, Information Systems - EquiTrust Life Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. Plus, there's the added benefit of tax advantages offered by a fixed annuity. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. Get Equitrust Annuity Partial Withdrawal Form Et 2512 Violators can and will be prosecuted to the full extent PDF MARKETTWELVE BONUS INDEX - ImmediateAnnuities.com September 9, 2022 @sherylwilliams_email. Therefore, the PDFs cannot be made available to state insurance regulators. Please fill out the form below and click "Place Order" to complete your order. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. 1. PDF Examination Report of Delaware Life Insurance Company As of December 31 Company number. Call (866) 598-3694. Learn more Related links form. 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. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. There are no guarantees that working with an adviser will yield positive returns. 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. Call Sales Support. EquiTrust Life Insurance has 125 employees. EquiTrust allows customers to file claims via email, fax, or phone. Business Profile for EquiTrust Life Insurance Company EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. 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. View contracts online. 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. Applicant ages generally range between 60-80. Permission and instructions to access this system can be obtained from the SmartAsset access control Examination Reports | Iowa Insurance Division An optional terminal illness rider may be added for an additional premium cost. This annuity features both single life and joint life payout options. 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. EquiTrust Agent Portal EquiTrust Life Insurance Company 2022 Ratings. ]]> COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. American Republic - About Us 2023, Consumer Agent Portal, LLC. 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. 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. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! 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. 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. Working with an adviser may come with potential downsides such as payment of fees (which will EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. 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 . Report Locked. Growth is based on current interest. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. For more information on how we're paid, click our link below.Full Disclosure. is in violation of the regulations of this system. Copyright 2023 BestLifeRates.org, LLC. EquiTrust Life Insurance Company Employee Reviews in West Des - Indeed Choices. EquiTrust Values. If you put $100,000 into an annuity, you'll see $100,000 on your statement. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. In addition, FBL manages all aspects of two Farm Bureau affiliated. 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. advisors. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. Account Options. 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 guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. Most clients invest in an annuity to pursue accumulation or cash-flow goals. Should you feel confident pursuing EquiTrust for your insurance needs? Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Client-Use Renewal-Rates Flyer. EquiTrust has just one phoneline for customer service and all other inquiries. EquiTrust Life Insurance Company. While the EquiTrust Life Insurance Company ratings prove that this company offers reliable products and great customer service, many people cant afford to pay $10,000 at the drop of a hat. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin No official claims response timeframe promise. There are many reputable life insurance companies in the market today that sell a wide variety of policies. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. 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 Agent Portal BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. The more quotes you compare, the more chances to save. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. 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. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. 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. 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. Discover our framework to drive change and promote accountability in our workplace. You can also request a quote from the company online. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . Working At EquiTrust Life Insurance: Employee Reviews and Culture - Zippia You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. 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. We update our site regularly, and all content is reviewed by insurance experts. An annuity is a fixed amount of money paid to you from an insurance firm. This is the EquiTrust Life Insurance Company company profile. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? Subject to IRS daily maximum. Overview. Columbus, Ohio Area. 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 Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. Equitrust Life Insurance Fast Facts. More. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. That just isnt up to par with other insurance companies around today. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. This rating has decreased by -9% over the . 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 . Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. Equitrust Life Variable Account - Sec Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. The insurance companys official website could use a complete overhaul, and does not provide many customer service options todays insurance customers have come to expect such as online claims reporting or getting matched with an agent. BestLifeRates.org, LLC. Files on this page are PDF. We have the right one for you. No online claims reporting option. EquiTrust Life Variable Account . Equitrust Life Insurance Co SEC Registration - sec.report With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. 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. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. American Republic remains focused on delivering quality coverage . As a result of hard work and talented people, we are doing well. Compare Quotes From Top Companies and Save. Copyright 2022 Sapiens International. Additional information. (See more.) Privacy Policy. Declining surrender charge, based on 9-year schedule. EquiTrust Life Insurance Review - Good Financial Cents Avi Shekhtman Read more by Avi Shekhtman. 2021 Annual Report to Stockholders. 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. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. 1.9. About Us. 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. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. West Des Moines, IA. Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. Jun 2022 - Present10 months. EquiTrust Life Partners with Sapiens on their Next Generation Digital 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. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. 10,000+ Employees. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. Sell EquiTrust Life Insurance Company Annuities | New Horizons Equitrust Life Insurance Co Company Profile - Dun & Bradstreet 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. You can check out all of the benefits of the Confidence Income Annuity HERE.