As always, conduct your own research on a variety of carriers before signing any paperwork. For more information on how we're paid, click our link below.Full Disclosure. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. Should you feel confident pursuing EquiTrust for your insurance needs? EquiTrust Agent Portal This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. EquiTrust Hit With Suit Over Unauthorized Payout Fees (816) 783-8600. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. Earvin Magic Johnson's Equitrust funds over $100 million for minority 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. 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. Call (866) 598-3694. . is in violation of the regulations of this system. EquiTrust Life Insurance Company . Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. Privacy Policy. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. Everything I learned was self taught with demanding deadlines and being understaffed in our department. Your personal tax advisor can provide important . Examination Reports | Iowa Insurance Division EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. 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. Research and analysis on important insurance issues. This rating has decreased by -9% over the . EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . Nursing Home and Terminal Illness Waivers. You can selectively provide your consent below to allow such third party embeds. Its "A+" rating through the BBB is impressive, though. Erie Insurance Reviews (2023): 900+ User Ratings - WalletHub EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Vice President of Sales and Marketing. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. 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. 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. Written by EquiTrust Annuity Review | SmartAsset.com Enter your ZIP code below to view companies that have cheap insurance rates. reduce returns). This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. The purchase of EquiTrust aligns with Magic Johnson Enterprises' focus on diversity in the workplace, as well as rich diversity of thought, focus on the policyholders we serve and the communities in which we work and live - as . 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. Today, this company holds north of $17 billion in assets under management. 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. PDF EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES - Iowa Magic Johnson Enterprises Acquires Equitrust Life Insurance Co. administrators. All investing involves risk, including loss of Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . Working with an adviser may come with potential downsides such as payment of fees (which will Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. Therefore, the PDFs cannot be made available to state insurance regulators. The experience at EquiTrust varies depending on what department you work in. In return, the client receives an instantly leveraged death benefit with long-term growth potential. While EquiTrusts ratings could be better (they are currently ranked as a BBB+ by Standard & Poors, and as a B++ by A.M. Best Company), the company has nearly $19 billion in invested assets and has a solvency ratio of just under $105. This information is designed to help you with your decision-making, and it is not intended to provide advice. For example, there is no outline of an official claims process or claims response timeframe to be found. September 9, 2022 @sherylwilliams_email. Account Options. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. No separate claims reporting hotline. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. Because of its high ratings, award-winning recognition, and impressive progression over time, EquiTrust Life Insurance Company has developed a reputation as a financially stable insurance company with a positive outlook for the future. investor.relations@brighthousefinancial.com. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. Annual Reports | Financial Information | Investor Relations The company also offers roadside assistance and ridesharing coverage options. If you put $100,000 into an annuity, you'll see $100,000 on your statement. Equitrust was a great company at one time. Report Locked. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. 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. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. EquiTrust Cons: Not a BBB accredited company. When evaluating rates, please verify directly with your insurance company or agent. Get Equitrust Annuity Partial Withdrawal Form Et 2512 Have questions about any kind of insurance? How Do Annuity Agent Commissions Work? - The Balance Term life insurance policies only last for a set number of years, but you can get an immense amount of coverage at a very low rate, as you can see here: Many insurance companies even offer term policies that can be converted into permanent coverage without the need to reassess your inseparability. Call Sales Support. Posted: January 19, 2023. EquiTrust Life will provide a 12 percent bonus paid over three years. High rating through the BBB. Guggenheim Partners - Wikipedia With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. 54% of EquiTrust Life Insurance employees are women, while 46% are men. 1. 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. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. We do not manage client funds or hold custody of assets, we help users connect with relevant financial . Leave us a note in the comments - we love everything insurance! NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. EquiTrust Life Insurance Company - Profile and Review - AnnuityAdvantage 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. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. Class Action Launched Against EquiTrust Life Insurance Company Avi Shekhtman Read more by Avi Shekhtman. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. EquiTrust Life Insurance review. EquiTrust Life Insurance Company EquiTrust Values. Allstate Corporation has reached its limit for free report views. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. So lets examine these policies closely to discover which one could be the best fit for your needs. Growth is based on current interest. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. Full-Time. All Rights Reserved. All content is for educational purposes only. 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 Inc - Dun & Bradstreet Dina Vince Head of Investor Relations, Sapiens. Award-Winning Sales Intel. Bottom Line: EquiTrust is known for offering life insurance that does not require medical exams, and has even been recognized as a top performing insurance company by Wards. Adviser or provide advice regarding specific investments. Select a state or jurisdiction for insurance department contact information. 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. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online PDF MARKETTWELVE BONUS INDEX - ImmediateAnnuities.com 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. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. The more quotes you compare, the more chances to save. Strong financial stability. In the event of a full surrender, applies to accumulation value and any . EquiTrust Agent Portal Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. 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.

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