Annual Reports | Financial Information | Investor Relations 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. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. 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. FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. If you dont want to worry about missing a payment on your life insurance, you may be intrigued by EquiTrusts WealthSure Life insurance policy. We also use content and scripts from third parties that may use tracking technologies. 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. 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. Save my name, email, and website in this browser for the next time I comment. EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub 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. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. Overview. For complete information about the cookies we use, data we collect and how we process them, please check our. 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. 1991-2023 National Association of Insurance Commissioners. Required fields are marked *. 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. Marketing & Admin News. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. 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. Professional development for state insurance regulators and industry professionals. Research and analysis on important insurance issues. The company also has proven that its products can help consumers leave behind an immense financial gift for their loved ones and bring financial security to their own lives. 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. EquiTrust specializes in life insurance. Allstate Corporation. By continuing to access this system you acknowledge you are aware of and agree to these terms. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. Written by EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. BestLifeRates.org, LLC. What is the EquiTrust Life Insurance Company? 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). When evaluating rates, please verify directly with your insurance company or agent. At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. Click the button below to request a report when hardcopies become available. Tabares et al v. Equitrust Life Ins. Co. - United Policyholders With so many great options on the table, it can be difficult for consumers to find the best policy out of the bunch. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. U.S. Industry Overview & Market Statistics: JOHN HANCOCK LIFE INSURANCE COMPANY U.S.A. BLUE CROSS & BLUE SHIELD OF NORTH CAROLINA, EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? Your email address will not be published. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. Plus, there are tax advantages to owning a fixed annuity. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. You can selectively provide your consent below to allow such third party embeds. 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 . 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 WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. 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. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. investor.relations@brighthousefinancial.com. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. 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. Annual Reports. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. 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 cannot give legal, tax or accounting advice. SEC CIK #0001054501. Exclusive, industry-focused manuals, data, and more. Financial Internet Filing Online User's Guide, For questions about statement filing: Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. Our insurance industry partnerships dont influence our content. Compound annual growth in premiums between -10% and +40% . About Us. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Equitrust Life Insurance Fast Facts. Membership lists, services and education to serve you and your mission. 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. . Product not available in all states or may vary by state. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. Today, this company holds north of $17 billion in assets under management. For more information visit https://sapiens.com or follow us on LinkedIn. We strive to help you make confident insurance decisions. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. The N-CEN: Filer Information - whalewisdom.com Permission and instructions to access this system can be obtained from the SmartAsset access control With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. We're here to help. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. 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. Working at EquiTrust Life Insurance Company | Glassdoor 10,000+ Employees. American Republic remains focused on delivering quality coverage . It only offers three life insurance products, but if you are looking to increase your cash flow, an EquiTrust Life Insurance Company policy may be the right fit for your needs. Prior to August 2, 2013, the Company, formerly known as Sun Life Assurance Company of Canada (U.S.) (SLUS), was a member of the Sun Life Financial insurance holding company system. American Republic - About Us For more information visit https://www.EquiTrust.com. Get your Bridge toolkit today. 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. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. No online claims reporting option. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). The EquiTrust Life Insurance Company first opened its doors for business in 1996. Annuity Reviews Database of Over 300+ Reviews | Annuity Gator Our founder was born into slavery and grew Equitrust Annuity | MarketSeven Annuity - The Annuity Expert In June 2015, Magic Johnson Enterprises became the majority shareholder, making EquiTrust Life Insurance one of the largest minority-owned life insurance company in the history of the country at $25.7 billion in assets. Rachael Brennan EquiTrust Life Insurance Review - Good Financial Cents 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. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. Access technology tools and resources for U.S. insurance regulators. 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. services are limited to referring users to third party advisers registered or chartered as fiduciaries 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. Must pass suitability requirements. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). For example, there is no outline of an official claims process or claims response timeframe to be found. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. As of 2020, the insurance company has a reported $20.7 billion in total assets. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . Contract E-Delivery is Here! EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. EquiTrust Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. EquiTrust is a national carrier of competitive, client-friendly options, available through various distribution channels including more than 15,700 independent sales representatives and independent marketing organizations. Comparison shopping should be easy. Insurer Ratings and Better Business Bureau Grade. 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. 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. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. For financial reporting, their fiscal year ends on December 31st. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. SmartAsset does not This annuity features both single life and joint life payout options. SmartAssets Additional information. Get Equitrust Annuity Partial Withdrawal Form Et 2512 You can check out all of the benefits of the Confidence Income Annuity HERE. EquiTrust Life Insurance Company hiring Life and Annuity Claims Manager Main customer service and claims reporting hotline has the following hours restrictions: Income tax-free benefits for beneficiaries, Approval based on medical questions but no exam required. This is not an offer to buy or sell any security or interest. 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 . EquiTrust Life Insurance Company - Profile and Review - AnnuityAdvantage EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. It includes a death benefit, as well as a nursing home waiver. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. 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. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Declining surrender charge, based on 9-year schedule. The more quotes you compare, the more chances to save. At the end of the day, all the financial strength in the world cant make up for an insurance company that fails to cater to its customers. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. Answers regarding health care law and insurance. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. Sell EquiTrust Life Insurance Company Annuities | New Horizons Industry Financial Filing - National Association of Insurance Commissioners 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. 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. We have the right one for you. However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. EquiTrust currently offers three life insurance products. All are Brighthouse Financial affiliated companies. Documents exposed by various committee workgroups. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. 2023, Consumer Agent Portal, LLC. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Domestic and international policy and outreach initiatives. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. 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 EquiTrust Life Insurance Company ratings indicate that this company will have . If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. Weve researched and reviewed hundreds of annuities over the years, and we continue to add new information to our annuity review database, which can be accessed at no cost anytime. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. At Annuity Gator, we take the frustration out of shopping for annuities. EquiTrust Life Partners with Sapiens on their Next Generation Digital You place money into an account, and the agency invests it so that it will grow. The third, named WealthPay LifeTM, is really a combination product. Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . Skilled in IT Management, Software Development Life Cycle (SDLC), Management . However, the carrier does not provide a specific claims response timeframe promise. A vast majority (over 95%) of these assets are considered investment grade, though . Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Full-Time. For this reason, theyre not suitable to meet everyones insurance needs. Explore our open opportunities for your chance to join our team. Minimum Premium: $10,000 NQ/Q. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. [CDATA[// >