West Des Moines, IA. Questions? 1.9. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. 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. . Please read the risks discussed under the heading Risk Factors in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. 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. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. Copyright 2023 BestLifeRates.org, LLC. registered with the U.S. Securities and Exchange Commission as an investment adviser. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. 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. Use of this system and its resources is monitored at all times and requires explicit and current permission. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Permission and instructions to access this system can be obtained from the SmartAsset access control 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. SmartAssets Developments and trends in financial markets and insurer investments. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. Plus, there are tax advantages to owning a fixed annuity. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. 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. 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. EquiTrust Life Partners with Sapiens on their Next Generation Digital [CDATA[// >PDF MARKETTWELVE BONUS INDEX - ImmediateAnnuities.com Are Any of These Annuities Right for You? Written by FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. Heather Kane - Vice President of Sales and Marketing - EquiTrust Life Business Profile for EquiTrust Life Insurance Company Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. EquiTrust currently offers three life insurance products. EquiTrust Life Insurance Company 2022 Ratings. EquiTrust Life Insurance Company Employee Reviews in West Des - Indeed EquiTrust Life Insurance Company In addition, FBL manages all aspects of two Farm Bureau affiliated. 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 rating was last updated on 09/09/2022. 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. 1. In return, the client receives an instantly leveraged death benefit with long-term growth potential. Keep reading to learn more about this company and what it can offer you. Client Brochure. Sales Week: EquiTrust ads bring business to your doorstep or inbox. High rating through the BBB. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. 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. 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 . Growth is based on current interest. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. investor.relations@brighthousefinancial.com. Violators can and will be prosecuted to the full extent 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . I started Insurance Blog by Chris because I have a passion for insurance. Our annuity experts are also available to answer any of the question or concerns that you may have, whether you are just starting to shop for an annuity, or youve owned one for some time and you want to ensure that its still performing the way it was meant to. For complete information about the cookies we use, data we collect and how we process them, please check our. Applicant ages generally range between 60-80. Today, this company holds north of $17 billion in assets under management. A vast majority (over 95%) of these assets are considered investment grade, though . platform based on information gathered from users through our online questionnaire. Site features products, a retirement center offering financial strategies, and a press room. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. 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. EquiTrust has just one phoneline for customer service and all other inquiries. The Certainty Select Annuity is EquiTrusts MYGA product. Professional development for state insurance regulators and industry professionals. PA 2700-FM-AQ0021 2007 . 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. 1991-2023 National Association of Insurance Commissioners. EquiTrust Agent Portal Links for Internet Filing are provided to the right. How Do Annuity Agent Commissions Work? - The Balance Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. About Us. 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. Forms are available on the website to make claims filing easier. SmartAsset does not The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. Quotes and offers are not binding, nor a guarantee of coverage. Years in Business: 10. Business Started: 8/1/2012. of the law. Company/Agent Search | Missouri Department of Insurance, Financial Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. We strive to help you make confident insurance decisions. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Allstate Corporation - AnnualReports.com This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. EquiTrust earns this recognition for performance from 2017 through 2021. Are cheaper life insurance policies available? 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. Having a problem with an insurance company or agent? This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. If you do not have permission, continuing to attempt to access this site and its resources 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. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. provides independent information for the purpose of providing consumers insight into obtaining the best life insurance coverage from the best life insurance company they could obtain, subject to underwriting. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. Transmit your filing to the NAIC via the Internet. 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. If you dont want to worry about missing a payment on your life insurance, you may be intrigued by EquiTrusts WealthSure Life insurance policy. Get your Bridge toolkit today. Click the button below to request a report when hardcopies become available. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. 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. Description. 54% of EquiTrust Life Insurance employees are women, while 46% are men. You should not rely upon forward-looking statements as predictions of future events. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Strong financial stability. EquiTrust Agent Portal Membership lists, services and education to serve you and your mission. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. EquiTrust Life will provide a 12 percent bonus paid over three years. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). All rights reserved. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. 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 . EquiTrust - Overview, News & Competitors | ZoomInfo.com In the event of a full surrender, applies to accumulation value and any . For example, there is no outline of an official claims process or claims response timeframe to be found. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. 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. 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. Website at Agents.EquiTrust.com. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. EquiTrust Life Insurance review. 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. Access public conference call documents and information. Dina Vince Head of Investor Relations, Sapiens. The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. 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. EquiTrust Life Insurance Company - EquiTrust Life Insurance Company EquiTrust Values. property-casualty insurance companies for a management fee. 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). The Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good .