equitrust life insurance company annual report

However, the carrier does not provide a specific claims response timeframe promise. EquiTrust Life Insurance has 125 employees. Strong financial stability. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. We're here to help. As a result of hard work and talented people, we are doing well. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! No separate claims reporting hotline. We administer financial products for retirees, and Sapiens solution delivers a superior agent experience to market complex financial products that help protect our growing senior population.. A.M. Best, the leading global credit rating agency monitoring the insurance industry, gives EquiTrust a B++ rating, indicating the carrier is a good choice for insurance customers. investor.relations@brighthousefinancial.com. Report Date: July 1, 2022 Company Count: 385 COMPANY NAME NAIC# PHONE# 4 Ever Life Insurance Company 80985 2 Mid America Plaza, Suite 200 Oakbrook Terrace IL 60181-4712 8889234227 . Our principal business is offering life insurance policies and annuity contracts. More. Working with an adviser may come with potential downsides such as payment of fees (which will review the ongoing performance of any Adviser, participate in the management of any users account by an 10,000+ Employees. EquiTrust has just one phoneline for customer service and all other inquiries. EquiTrust allows customers to file claims via email, fax, or phone. Based in Northbrook, Illinois. law requires a life insurance producer to submit a form and pay a fee within 30. Our insurance industry partnerships dont influence our content. Explore our open opportunities for your chance to join our team. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. EquiTrust Life Insurance Company. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. Equitrust Life Insurance Co is a incorporated in the state of Iowa. This information is designed to help you with your decision-making, and it is not intended to provide advice. Should you feel confident pursuing EquiTrust for your insurance needs? 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. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. 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. 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. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. Here at the blog, our job is to educate and inform people about the best insurance for them. Call Sales Support. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. Site features products, a retirement center offering financial strategies, and a press room. This material is not intended to provide investment advice to . Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. Permission and instructions to access this system can be obtained from the SmartAsset access control FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. (816) 783-8600. Your personal tax advisor can provide important . Equitrust was a great company at one time. 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. Explore future meetings and access past event documents. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. The EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Call (866) 598-3694. Today, this company holds north of $17 billion in assets under management. 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. 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. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. 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. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. AM Best Revises Issuer Credit Rating Outlook to Positive for EquiTrust Life Insurance Company OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of "bbb" of EquiTrust Life Insurance Company (EquiTrust) (Chicago, IL). You place money into an account, and the agency invests it so that it will grow. 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. 2021 Annual Report to Stockholders 1.5 MB. Insurer Ratings and Better Business Bureau Grade. 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. If youre looking for a way to convert a large sum of money like a 401(k) or IRA balance into an ongoing income stream that begins right away, the Confidence Income Annuity from EquiTrust could be a viable option. Questions? Keep reading to learn more about this company and what it can offer you. For more information visit https://sapiens.com or follow us on LinkedIn. For complete information about the cookies we use, data we collect and how we process them, please check our. You should not rely upon forward-looking statements as predictions of future events. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. AnnuityGator. Have a question or request? The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Compound annual growth in premiums between -10% and +40% . This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. Your email address will not be published. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . The company also offers roadside assistance and ridesharing coverage options. 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. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. 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. Offers life insurance and annuities. Developments and trends in financial markets and insurer investments. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. 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. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . 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. If you dont have an extra $10,000 lying around, though, you may want to investigate other insurance companies that offer more affordable whole life insurance policies. The website also does not provide important information about claims processing. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. 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. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Many customers also trust EquiTrust to handle retirement income or wealth transfer. This policy stands apart because it is the combination of a life insurance policy and an annuity. As of 2020, the insurance company has a reported $20.7 billion in total assets. 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. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. 2. 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. 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. Their life insurance policies come with the following perks: Your independent insurance agent can help you find out more about EquiTrusts life insurance policies, as well as their other products. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. Links for Internet Filing are provided to the right. We also use content and scripts from third parties that may use tracking technologies. All insurance rates, products, and services are presented without warranty and guarantee. The phoneline contact option is offered at restricted hours, Monday-Friday. Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. Licensed Insurance Agent. Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. 2023, Consumer Agent Portal, LLC. SmartAsset does not Innovation is a key pillar within EquiTrust Life, and we felt that Sapiens digital tools would enable innovation much faster than any other competitor, while providing us industry insights and best practices, said Carol Woodruff, Vice President, Information Systems with EquiTrust Life. Established in 1899, A.M. Best is one of the oldest rating companies in the world. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. 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. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. Click the button below to request a report when hardcopies become available. According to the lawsuit, EquiTrust designed a . What You Need to Know About the EquiTrust Life Insurance Company, The EquiTrust Life Insurance Company is over 20 years old, EquiTrust only sells whole life insurance policies, EquiTrust life insurance policies can increase your cash flow. Marketing & Admin News. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. We have the right one for you. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. platform based on information gathered from users through our online questionnaire. Plus, there are tax advantages to owning a fixed annuity. 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. Comparison shopping should be easy. Click the button below to request a report when hardcopies become available. of the law. 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. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. No matter what type of insurance you're looking for, you'll find the peace of mind you need. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. 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. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is Use of this system and its resources is monitored at all times and requires explicit and current permission. High rating through the BBB. Documents exposed by various committee workgroups. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online MONTHLY OVERVIEW: February updates, recaps and department news. Who owns the EquiTrust Life Insurance Company? Call Sales Support. 1. EquiTrust Life Insurance Company . EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. 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. To apply for this policy, you must: WealthSure also accumulates cash value. Have questions about any kind of insurance? 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 . You can check out all of the benefits of the Confidence Income Annuity HERE. All Rights Reserved. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. Surrender charges may vary by state. Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of EquiTrust Life Insurance Company, Independent Review of the EquiTrust Choice Four Fixed Annuity, Independent Review of the EquiTrust Certainty Select MYGA Annuity. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. . Quotes and offers are not binding, nor a guarantee of coverage. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. Client Brochure.