Click the links below for: Agent Guide. 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. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. Most of the time, you'll see your account growing in value. Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. Equitrust Annuity | MarketSeven Annuity - The Annuity Expert Magic Johnson adds life insurance co. to empire - USA TODAY Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. It is extremely important that all filings are accurate, complete, and timely. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. EquiTrust Life Insurance review. EquiTrust Life Insurance Company is likely suitable for a very small number of consumers, but can be a great company for applicants to work with if the shoe fits. No matter what type of insurance you're looking for, you'll find the peace of mind you need. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. We provide tools and resources to help regulators set standards and best practices, provide regulatory support functions, and educate on U.S. state-based insurance regulation. Account Options. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Links for Internet Filing are provided to the right. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. For more information visit https://www.EquiTrust.com. 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. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. Today, this company holds north of $17 billion in assets under management. Adviser or provide advice regarding specific investments. Having a problem with an insurance company or agent? Today, this company holds north of $17 billion in assets under management. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. All rights reserved. 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. Are Any of These Annuities Right for You? EquiTrust, while not a large insurance company by industry standards, has a unique set of products to fit investment-minded individuals approaching or in retirement. Select a state or jurisdiction for insurance department contact information. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. Independent Review of EquiTrust Life Insurance Company This is a single-premium whole life insurance policy, which means that youll only need to make one payment to keep the policy active for your lifetime. Please fill out the form below and click "Place Order" to complete your order. EquiTrust Agent Portal 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. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. EquiTrust Agent Portal With so many great options on the table, it can be difficult for consumers to find the best policy out of the bunch. Compare Quotes From Top Companies and Save. Explore future meetings and access past event documents. This is not an offer to buy or sell any security or interest. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. All investing involves risk, including loss of Allstate Corporation. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. Magic Johnson Enterprises Acquires Equitrust Life Insurance Co. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. Before purchasing any investment product be sure to do your own due diligence and consult a properly licensed professional should you have specific questions as they relate to your individual circumstances. Answers regarding health care law and insurance. Comparison shopping should be easy. Years in Business: 10. Business Started: 8/1/2012. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. This policy stands apart because it is the combination of a life insurance policy and an annuity. Susan Andersen - Assistant Vice President Marketing - EquiTrust Life administrators. 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. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . If you put $100,000 into an annuity, you'll see $100,000 on your statement. Income Rider: Includes Benefit Base bonus of 7% on first-year premiums plus Benefit Base compounds annually at 7% for up to 7 years; 1.25% annual fee on Accumulation Value; chronic-illness doubler. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. Reviews are posted at the request of readers so they could see an independent perspective when breaking down the positives and negatives of specific annuity contracts. EquiTrust Life Insurance Company - BestLifeRates.org Agent Pay Is Built Into the Policy. There are many reputable life insurance companies in the market today that sell a wide variety of policies. EquiTrust Life Insurance Company Review - TrustedChoice.com Established in 1899, A.M. Best is one of the oldest rating companies in the world. PDF EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES - Iowa Managers play favorites, have created a hostile environment where bullying their employees is acceptable. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. Declining surrender charge, based on 9-year schedule. Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. The main customer focus of EquiTrust is retirees and those who are approaching retirement. Click the button below to request a report when hardcopies become available. EquiTrust Life Insurance Company Reviews - Glassdoor Should you feel confident pursuing EquiTrust for your insurance needs? Explore our open opportunities for your chance to join our team. 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. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. All insurance rates, products, and services are presented without warranty and guarantee. 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. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. More. Report Locked. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. 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. An annuity is a fixed amount of money paid to you from an insurance firm. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. Sales Week: EquiTrust ads bring business to your doorstep or inbox. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. Call (866) 598-3694. 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. Get your Bridge toolkit today. 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. Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP If you do not have permission, continuing to attempt to access this site and its resources Subject to IRS daily maximum. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . Financial Internet Filing Online User's Guide, For questions about statement filing: 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. Type of Entity: Corporation. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. EquiTrust cannot give legal, tax or accounting advice. Your email address will not be published. Our goal is to be an objective, third-party resource for everything insurance related. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. EquiTrust Life Insurance Company | LinkedIn FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) Quotes and offers are not binding, nor a guarantee of coverage. 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. The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. Nothing on this website is a recommendation to buy or sell an annuity. 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. 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. 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 . Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. EquiTrust Life Insurance Company - Profile and Review - AnnuityAdvantage EquiTrust Life Insurance Company Reviews. Stop.Call.Confirm is a registered service markof the National Association of 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. 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. Working At EquiTrust Life Insurance: Employee Reviews and Culture - Zippia Heather Kane - Vice President of Sales and Marketing - EquiTrust Life 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. EquiTrust Life Insurance Company has been around since 1996. from WalletHub and across the web. Everything I learned was self taught with demanding deadlines and being understaffed in our department. If, however, the underlying performs poorly in a given period, there are no losses to your account. It is built on the understanding that competitive returns and minimal taxation are . Strong financial stability. Business Profile for EquiTrust Life Insurance Company 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). 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. Erie Insurance Reviews (2023): 900+ User Ratings - WalletHub Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. 2023, Consumer Agent Portal, LLC. However, the insurance company is not accredited through the BBB. 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 . OMB Number: 3235-0729 . BestLifeRates.org, LLC. 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. Annuity Reviews Database of Over 300+ Reviews | Annuity Gator The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. . 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. Tabares et al v. Equitrust Life Ins. Co. - United Policyholders 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. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Insurer Ratings and Better Business Bureau Grade. Company/Agent Search | Missouri Department of Insurance, Financial Client-Use Renewal-Rates Flyer. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . MONTHLY OVERVIEW: February updates, recaps and department news. EquiTrust specializes in life insurance. 2. For complete information about the cookies we use, data we collect and how we process them, please check our. PDF MARKETTWELVE BONUS INDEX - ImmediateAnnuities.com EquiTrust Life will provide a 12 percent bonus paid over three years. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. Avi Shekhtman Read more by Avi Shekhtman. Equitrust ChoiceFour Annuity | 2.25% Rate - The Annuity Expert Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). For questions regarding cocodes please call us at: 816-783-8600. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. 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. 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. And the bonus isn't just in the name. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. Description. Access public conference call documents and information. 1.9. review the ongoing performance of any Adviser, participate in the management of any users account by an You can even use life insurance to provide yourself with more financial security while youre alive. EquiTrust offers just one phoneline for all customer inquiries. Transmit your filing to the NAIC via the Internet. Jun 2022 - Present10 months. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. 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 EquiTrust Life Insurance Company 2022 Ratings. Only dismal customer reviews spotted across the web. Steps to Completing a Financial Statement Filing. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. Get Equitrust Annuity Partial Withdrawal Form Et 2512 A financial services company newly renamed and offering individual and business life insurance, and annuities. 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. 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 . Based in Northbrook, Illinois. EquiTrust Life Insurance Company; 7100 Westown Pkwy Suite 200; West Des Moines, IA 50266-2521; My Annuity Contracts/Life Policies; FAQs; Contact Information; My EquiTrust is a secured customer resource for current values, transaction history, updates, forms and general assistance. 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. 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. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. The second, named WealthMax Bonus Life, is similar to the WealthSure Life product, but the growth is tied to stock market indices instead of current interest rates. Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . EquiTrust is one of the best life insurance companies to increase your cash flow. The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. Chris Huntley EquiTrust Life Annuity Account - SEC.gov. PDF Examination Report of Delaware Life Insurance Company As of December 31 This rating has decreased by -9% over the . sherylwilliams_email. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Website at Agents.EquiTrust.com. For financial reporting, their fiscal year ends on December 31st. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. There are no guarantees that working with an adviser will yield positive returns. . Equitrust Annuity | Market Value Annuity Our principal business is offering life insurance policies and annuity contracts. All Rights Reserved | Privacy Policy, Independent Review of Fidelity and Guaranty Life Insurance Company, Independent Review of Eagle Life Insurance Company, We use cookies to enhance your experience while using our website. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Plus, there are tax advantages to owning a fixed annuity. Comparison shopping should be easy. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? By continuing to access this system you acknowledge you are aware of and agree to these terms. If you have any questions or concerns regarding your EquiTrust account, you can call 866-598-3692 or submit a message via an online form. PA 2700-FM-AQ0021 2007 . law requires a life insurance producer to submit a form and pay a fee within 30. Access technology tools and resources for U.S. insurance regulators. Here at the blog, our job is to educate and inform people about the best insurance for them. 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. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. 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.