In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. EquiTrust has just one phoneline for customer service and all other inquiries. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. 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 is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Documents exposed by various committee workgroups. 1991-2023 National Association of Insurance Commissioners. Equitrust Annuity | MarketSeven Annuity - The Annuity Expert This material is not intended to provide investment advice to . Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. Annual Report on Equitrust Life Insurance's Revenue, Growth, SWOT LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. Plus, there are tax advantages to owning a fixed annuity. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) 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. 2021 Annual Report to Stockholders. AnnuityGator. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. For more information visit https://sapiens.com or follow us on LinkedIn. 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. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. Annual Reports | Financial Information | Investor Relations American Republic - About Us Two multi-asset, risk-controlled index options provide an extra level of diversification. We strive to help you make confident insurance decisions. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Guggenheim Partners - Wikipedia EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub American Republic remains focused on delivering quality coverage . EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. 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 . About Us. Revenue: $100 - $500 million See Exact Annual Revenue: Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. Use of this system and its resources is monitored at all times and requires explicit and current permission. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Earvin Magic Johnson's Equitrust funds over $100 million for minority Click the links below for: Agent Guide. The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. Working At EquiTrust Life Insurance: Employee Reviews and Culture - Zippia investor.relations@brighthousefinancial.com. It is built on the understanding that competitive returns and minimal taxation are . The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. 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. law requires a life insurance producer to submit a form and pay a fee within 30. Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. 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. Copyright 2023 BestLifeRates.org, LLC. 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. Thankfully, plenty of free resources can help you shop for your insurance, like the EquiTrust Life Insurance Company ratings from customers and company watchdogs alike. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. No flexibility and no interest in promoting anyone who won't play their mean girl games. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. Mark Willoughby, CPA - AVP Internal Audit - EquiTrust Life Insurance Equitrust Life Insurance Co SEC Registration - sec.report EquiTrust Life Insurance has 125 employees. EquiTrust Life is a specialized insurance company, with a focus on life insurance. 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. 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. Your email address will not be published. Steps to Completing a Financial Statement Filing. P.S If you would like to read more of our EquiTrust Life Insurance annuity reviews here are some links to check out: Your email address will not be published. This is not an offer to buy or sell any security or interest. September 9, 2022 @sherylwilliams_email. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. Annuity Reviews Database of Over 300+ Reviews | Annuity Gator Comparison shopping should be easy. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. 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. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. Site features products, a retirement center offering financial strategies, and a press room. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . Access technology tools and resources for U.S. insurance regulators. 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. BestLifeRates.org, LLC. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Everything I learned was self taught with demanding deadlines and being understaffed in our department. 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 is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. Its virtually impossible to find any customer reviews above a 1-star rating anywhere on the web, which says a ton about the carriers customer service practices. Equitrust Life Insurance Co Company Profile - Dun & Bradstreet EquiTrust Agent Portal 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. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. review the ongoing performance of any Adviser, participate in the management of any users account by an Financial Internet Filing Online User's Guide, For questions about statement filing: Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. 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. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. 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. MONTHLY OVERVIEW: February updates, recaps and department news. A+ (excellent) rating by Better Business Bureau (BBB). Heather Kane - Vice President of Sales and Marketing - EquiTrust Life However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. Its a single premium payment, just like the others, but the premiums paid go toward an annuity, which, in turn, will pay out the life insurance premiums over time. Nursing Home and Terminal Illness Waivers. EquiTrust Life Insurance Company. 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. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. All insurance rates, products, and services are presented without warranty and guarantee. 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. 2020 Annual Report to Stockholders. Call Sales Support. Below are the most recent examination reports for each insurance company listed. 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. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Posted: January 19, 2023. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. If you do not have permission, continuing to attempt to access this site and its resources For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. EquiTrust Agent Portal EquiTrust is one of the best life insurance companies to increase your cash flow. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. Save my name, email, and website in this browser for the next time I comment. EquiTrust Life Annuity Account - SEC.gov. Minimum Premium: $10,000 NQ/Q. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. Raleigh, N.C., Jun21, 2022 Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that EquiTrust Life, a leading North American life and health insurance company, has selected Sapiens' award-winning suite of e-application, illustration and . FBL Financial Group - Wikipedia Established in 1899, A.M. Best is one of the oldest rating companies in the world. There are no guarantees that working with an adviser will yield positive returns. Our goal is to be an objective, third-party resource for everything insurance related. 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. PA 2700-FM-AQ0021 2007 . Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. 24 reviews. Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. 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. Home | Equitable On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. How Do Annuity Agent Commissions Work? - The Balance All investing involves risk, including loss of According to the lawsuit, EquiTrust designed a . NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. Forms are available on the website to make claims filing easier. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). Declining surrender charge, based on 9-year schedule. Here at the blog, our job is to educate and inform people about the best insurance for them. Strong financial stability. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. Insurtech Customer Success Stories; With Xceedance, Sapiens, Opal, and CommBox, SAPIENS REPORTS Q4 AND FULL YEAR 2022 FINANCIAL RESULTS, South African Insurer Hollard Group Risk Implements Sapiens for Complete Core Transformation for Life & Pensions, How to make insurance appealing to millennials, Gen Z, MS Amlin Insurance Selects Sapiens for Transformation of its Commercial Lines Operations across Multiple Countries. Growth is based on current interest. 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. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. 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. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Surrender Charge. Equitrust Life Insurance Fast Facts. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. sherylwilliams_email. Adviser or provide advice regarding specific investments. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. Subject to IRS daily maximum. 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. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. That just isnt up to par with other insurance companies around today. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. As a result of hard work and talented people, we are doing well. 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. Most of the time, you'll see your account growing in value. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. EquiTrust Life Insurance review. All are Brighthouse Financial affiliated companies. EquiTrust Life Insurance Company On Tuesday, MJE, which Johnson founded in 1987, said it completed its planned acquisition for a "majority, controlling interest" in EquiTrust Life Insurance Company, which manages $14.5 billion in . There are many reputable life insurance companies in the market today that sell a wide variety of policies. The website also does not provide important information about claims processing. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Equitrust Life Variable Account - Sec Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. PDF Examination Report of Delaware Life Insurance Company As of December 31 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. 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. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . The rating was last updated on 09/09/2022. With so many great options on the table, it can be difficult for consumers to find the best policy out of the bunch. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. Allstate Corporation. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. from WalletHub and across the web. You should not rely upon forward-looking statements as predictions of future events. 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. 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. EquiTrust Life Insurance Company is likely suitable for a very small number of consumers, but can be a great company for applicants to work with if the shoe fits. Professional development for state insurance regulators and industry professionals. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. Click the button below to request a report when hardcopies become available. Discover our framework to drive change and promote accountability in our workplace. 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. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. Working at EquiTrust Life Insurance Company: 17 Reviews Contract E-Delivery is Here! Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. EquiTrust Life Insurance Company. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. 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. EquiTrust specializes in life insurance. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. Access to every published model law, regulation, and guideline. property-casualty insurance companies for a management fee. Class Action Launched Against EquiTrust Life Insurance Company 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. Business Profile for EquiTrust Life Insurance Company West Des Moines, IA. EquiTrust Agent Portal

Senior Patio Homes Buffalo, Ny, Diverticulitis Friendly Desserts, What Is The Fncs Pickaxe Called, Junior Basketball Clubs In Nottingham, Future Wife Strain Leafly, Articles E