EquiTrust Life Insurance Company Employee Reviews in West Des - Indeed 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. EquiTrust Agent Portal For complete information about the cookies we use, data we collect and how we process them, please check our. 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. of the law. 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. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. 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. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. 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. EquiTrust cannot give legal, tax or accounting advice. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. Equitrust Life Insurance Company Inc - Dun & Bradstreet EquiTrust Life Insurance Company Reviews. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. 4.0 . 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. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. EquiTrust currently offers three life insurance products. Annuity Reviews Database of Over 300+ Reviews | Annuity Gator 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. To apply for this policy, you must: WealthSure also accumulates cash value. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. Written by Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. EquiTrust specializes in life insurance. All are Brighthouse Financial affiliated companies. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: You can check out all of the benefits of the Confidence Income Annuity HERE. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. 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. (816) 783-8400, For questions about the database & electronic filing: 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. 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 Established in 1899, A.M. Best is one of the oldest rating companies in the world. 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. Sales Week: EquiTrust ads bring business to your doorstep or inbox. Choices. Jun 2022 - Present10 months. However, the carrier does not provide a specific claims response timeframe promise. Product not available in all states or may vary by state. We're dedicated to providing you with new financial ideas to help meet your specific needs. Please fill out the form below and click "Place Order" to complete your order. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. SEC CIK #0001054501. EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. Copyright 2022 Sapiens International. Click the links below for: Agent Guide. Learn more Related links form. The more quotes you compare, the more chances to save. 2023, Consumer Agent Portal, LLC. 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. For more information visit https://www.EquiTrust.com. Explore future meetings and access past event documents. Below are the most recent examination reports for each insurance company listed. existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is 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. Working At EquiTrust Life Insurance: Employee Reviews and Culture - Zippia We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Advertiser Disclosure: We strive to help you make confident insurance decisions. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. Call Sales Support. At Annuity Gator, we take the frustration out of shopping for annuities. 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. The Certainty Select Annuity is EquiTrusts MYGA product. Licensed Insurance Agent. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. There are no guarantees that working with an adviser will yield positive returns. law requires a life insurance producer to submit a form and pay a fee within 30. Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. The experience at EquiTrust varies depending on what department you work in. Applicant ages generally range between 60-80. EquiTrust allows customers to file claims via email, fax, or phone. According to the lawsuit, EquiTrust designed a . For this reason, theyre not suitable to meet everyones insurance needs. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. 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. services are limited to referring users to third party advisers registered or chartered as fiduciaries PDF EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES - Iowa Working with an adviser may come with potential downsides such as payment of fees (which will Complete the financial statements using software from an approved vendor. 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. 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 . Please fill out the form below and click "Place Order" to complete your order. American Republic - About Us Everything I learned was self taught with demanding deadlines and being understaffed in our department. reduce returns). 2021 Annual Report to Stockholders 1.5 MB. Insurer Ratings and Better Business Bureau Grade. In addition, premiums paid into the policy at approval see a 12% bonus immediately. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. Links for Internet Filing are provided to the right. Company/Agent Search | Missouri Department of Insurance, Financial 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). EquiTrust Life Insurance has 125 employees. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? 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. You can also request a quote from the company online. An optional terminal illness rider may be added for an additional premium cost. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . Most clients invest in an annuity to pursue accumulation or cash-flow goals. 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. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. 2. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. 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. Our principal business is offering life insurance policies and annuity contracts. 3. 54% of EquiTrust Life Insurance employees are women, while 46% are men. platform based on information gathered from users through our online questionnaire. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. Records required to be maintained according to the Company's record retention policy, include policyowner files, orders for fund shares, daily unit value computations, bank account records, reconciliation and . Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. Based in Northbrook, Illinois. High rating through the BBB. 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. All rights reserved. N-CEN: Filer Information - whalewisdom.com Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. American Republic remains focused on delivering quality coverage . The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. It is extremely important that all filings are accurate, complete, and timely. PDF Examination Report of Delaware Life Insurance Company As of December 31 Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. 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. The website also does not provide important information about claims processing. Title. And the bonus isn't just in the name. Save my name, email, and website in this browser for the next time I comment. Reviewed by The NAIC will be working to ensure that companies have complied with electronic filing requirements and financial reporting requirements contained in the Blanks, Annual Statement Instructions and Purposes and Procedures Manual of the NAIC Investment Analysis Office,and any data validation failures are resolved. This material is not intended to provide investment advice to . We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. Plus, there are tax advantages to owning a fixed annuity. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. Site features products, a retirement center offering financial strategies, and a press room. 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. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. Law360 (February 15, 2018, 8:39 PM EST) -- EquiTrust Life Insurance Co. was hit with a putative class action in Florida federal court Wednesday by two policyholders who claim the company charges . EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. Guggenheim Partners - Wikipedia However, the insurance company is not accredited through the BBB. property-casualty insurance companies for a management fee. 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 . Annual Report on Equitrust Life Insurance's Revenue, Growth, SWOT EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 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. Most of the time, you'll see your account growing in value. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. Its "A+" rating through the BBB is impressive, though. AnnuityGator. Call Sales Support. Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). EquiTrust is one of the best life insurance companies to increase your cash flow. Our insurance industry partnerships dont influence our content. Select a state or jurisdiction for insurance department contact information. For financial reporting, their fiscal year ends on December 31st. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. Report Locked. 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. These are the three product options currently available on the market: The first, named WealthSure LifeTM, is a single premium life insurance policy, meaning the premiums for the entire durationof the policy are due upon approval. Comparison shopping should be easy. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. Only dismal customer reviews spotted across the web. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. Class Action Launched Against EquiTrust Life Insurance Company Your email address will not be published. For questions regarding cocodes please call us at: 816-783-8600. 2021 Annual Report to Stockholders. A vast majority (over 95%) of these assets are considered investment grade, though . 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. 10,000+ Employees. Annuity News. FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. Independent Review of EquiTrust Life Insurance Company