We have the right one for you. Equitrust Market Ten Bonus Annuity (Up To 6% Bonus) 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. Examination Reports | Iowa Insurance Division Posted: January 19, 2023. Description. Plus, there are tax advantages to owning a fixed annuity. document.write((new Date()).getFullYear()); 10,000+ Employees. PDF EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES - Iowa EquiTrust Life Insurance has 125 employees. Privacy Policy. However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. 2021 Annual Report to Stockholders. Founder of Huntley Wealth & Insurance Services. As a result of hard work and talented people, we are doing well. Having a problem with an insurance company or agent? You can also request a quote from the company online. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online This information is designed to help you with your decision-making, and it is not intended to provide advice. 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. 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. 24 reviews. 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. 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. Earvin Magic Johnson's Equitrust funds over $100 million for minority EquiTrust Life Partners with Sapiens on their Next Generation Digital Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States 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. 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. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. 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. The company also offers roadside assistance and ridesharing coverage options. Is the EquiTrust Life Insurance Company highly rated? In addition, premiums paid into the policy at approval see a 12% bonus immediately. Equitrust Annuity | MarketSeven Annuity - The Annuity Expert 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. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is 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, 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 . Money cant buy happiness, but purchasing a life insurance policy can give your loved ones the gift of financial security if you were to pass unexpectedly. Working at EquiTrust Life Insurance Company | Glassdoor OMB Number: 3235-0729 . 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. 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. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Files on this page are PDF. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. 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. Please fill out the form below and click "Place Order" to complete your order. (816) [email protected], For questions about filing fees or accounts receivable: On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. PDF MARKETTWELVE BONUS INDEX - ImmediateAnnuities.com Annual Reports. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. In addition, FBL manages all aspects of two Farm Bureau affiliated. EquiTrust Agent Portal EquiTrust Life Insurance Company I was hired just before the annual reporting with little to no training or guidance from management. Magic Johnson Enterprises Acquires Equitrust Life Insurance Co. Working at EquiTrust Life Insurance Company: 17 Reviews Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. Contract E-Delivery is Here! Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. Only dismal customer reviews spotted across the web. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Compare Quotes From Top Companies and Save. Strong financial stability. BBB File Opened: 8/13/2012. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. EquiTrust Agent Portal A Name You Can Trust. It includes a death benefit, as well as a nursing home waiver. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Must pass suitability requirements. 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. 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. Transmit your filing to the NAIC via the Internet. The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. EquiTrust Life Insurance Company hiring Life and Annuity Claims Manager There are no guarantees that working with an adviser will yield positive returns. The insurance company does not list their official claims process on their website beyond how to file. 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. For complete information about the cookies we use, data we collect and how we process them, please check our. 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. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. 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. Website at Agents.EquiTrust.com. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. Surrender charges may vary by state. 10 of the Most Senseless Deaths of All Time, 5 Critical Tips Before You Buy Life Insurance, 5 Ways To Prepare Your Home For Wildfires, 7 Benefits of Life Insurance for the Wealthy, 8 Types Of Homeowners Insurance Policies, Massachusetts Mutual Life Insurance Review, Northwestern Mutual Life Insurance Review. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. 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. 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. . Jun 2022 - Present10 months. Personalized Illustrations. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. Susan Andersen - Assistant Vice President Marketing - EquiTrust Life If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. Equitrust was a great company at one time. Law360 (February 15, 2018, 8:39 PM EST) -- EquiTrust Life Insurance Co. was hit with a putative class action in Florida federal court Wednesday by two policyholders who claim the company charges . 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. registered with the U.S. Securities and Exchange Commission as an investment adviser. Your email address will not be published. . EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 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. What life insurance products does the EquiTrust Life Insurance Company offer? review the ongoing performance of any Adviser, participate in the management of any users account by an Research and analysis on important insurance issues. A glossary of insurance terms and definitions. A financial services company newly renamed and offering individual and business life insurance, and annuities. As of 2020, the insurance company has a reported $20.7 billion in total assets. 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. Keep reading to learn more about this company and what it can offer you. 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. 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. is in violation of the regulations of this system. Active CPA and . EquiTrust Life will provide a 12 percent bonus paid over three years. 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. Adviser or provide advice regarding specific investments. In the event of a full surrender, applies to accumulation value and any . Steps to Completing a Financial Statement Filing. There are many reputable life insurance companies in the market today that sell a wide variety of policies. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. 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. BestLifeRates.org, LLC. Client Brochure. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. services are limited to referring users to third party advisers registered or chartered as fiduciaries Membership lists, services and education to serve you and your mission. Professional development for state insurance regulators and industry professionals. 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. Call (866) 598-3694. EquiTrust Life Insurance Company Employee Reviews in West Des - Indeed You can selectively provide your consent below to allow such third party embeds. The third, named WealthPay LifeTM, is really a combination product. MONTHLY OVERVIEW: February updates, recaps and department news. EquiTrust Values. Offers life insurance and annuities. 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. Allstate Corporation - AnnualReports.com We're dedicated to providing you with new financial ideas to help meet your specific needs. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. 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. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. 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. Annual Reports | Financial Information | Investor Relations Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. EquiTrust Life Insurance Company Reviews. Should you feel confident pursuing EquiTrust for your insurance needs? In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. For questions regarding cocodes please call us at: 816-783-8600. Company/Agent Search | Missouri Department of Insurance, Financial Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. (816) 783-8600. 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. Click to subscribe for email notifications of new items posted to this page. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. Consumers should always request life insurance quotes from at least three companies to ensure that they are picking the best policy for their coverage needs. With solid core values of integrity, leadership, accountability, teamwork, and passion, EquiTrust is certainly worth looking into if their product suite aligns with your financial needs and lifestyle. The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. January 14 2009 - by Lucy Campbell. 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. 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. EquiTrust However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. For example, there is no outline of an official claims process or claims response timeframe to be found. EquiTrust earns this recognition for performance from 2017 through 2021. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. Working At EquiTrust Life Insurance: Employee Reviews and Culture - Zippia Comparison shopping should be easy. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. 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. Vice President of Sales and Marketing. 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. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. 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 . No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Are cheaper life insurance policies available? As always, conduct your own research on a variety of carriers before signing any paperwork. EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. 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. 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. 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. About Us. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. 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). 4.0 . The guarantees expressed are based on the claims paying ability of 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. For this reason, theyre not suitable to meet everyones insurance needs. EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. You can even use life insurance to provide yourself with more financial security while youre alive. This material is not intended to provide investment advice to . One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. 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. Click the links below for: Agent Guide. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. Two multi-asset, risk-controlled index options provide an extra level of diversification. Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. Mark Willoughby, CPA - AVP Internal Audit - EquiTrust Life Insurance This policy stands apart because it is the combination of a life insurance policy and an annuity. Minimum Premium: $10,000 NQ/Q. Forms are available on the website to make claims filing easier. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! 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). Find contact information for insurance departments and local insurance agents, or file a complaint. This annuity features both single life and joint life payout options. 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