Annuity News. BBB File Opened: 8/13/2012. What life insurance products does the EquiTrust Life Insurance Company offer? Allstate Corporation has reached its limit for free report views. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. Nursing Home and Terminal Illness Waivers. investor.relations@brighthousefinancial.com. Glassdoor gives you an inside look at what it's like to work at EquiTrust Life Insurance Company, including salaries, reviews, office photos, and more. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. We strive to help you make confident insurance decisions. COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. All are Brighthouse Financial affiliated companies. Please fill out the form below and click "Place Order" to complete your order. The EquiTrust Life Insurance Company first opened its doors for business in 1996. It is extremely important that all filings are accurate, complete, and timely. Thankfully, plenty of free resources can help you shop for your insurance, like the EquiTrust Life Insurance Company ratings from customers and company watchdogs alike. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. 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. As of 2020, the insurance company has a reported $20.7 billion in total assets. Annual Reports. This is not an offer to buy or sell any security or interest. No online claims reporting option. However, the carrier does not provide a specific claims response timeframe promise. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. Tap into the digital era and reimagine your engagement with customers, the visibility you provide to agents and brokers, and the agility and flexibility with which you manage your business. Avi Shekhtman Read more by Avi Shekhtman. of the law. 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. EquiTrust offers just one phoneline for all customer inquiries. Copyright 2022 Sapiens International. Choices. January 14 2009 - by Lucy Campbell. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). EquiTrust earns this recognition for performance from 2017 through 2021. The Certainty Select Annuity is EquiTrusts MYGA product. 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). THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. 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. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. 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 . Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. 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. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. 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. EquiTrust is one of the best life insurance companies to increase your cash flow. Your personal tax advisor can provide important . EquiTrust currently offers three life insurance products. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. All investing involves risk, including loss of Working with an adviser may come with potential downsides such as payment of fees (which will EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. 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. Our principal business is offering life insurance policies and annuity contracts. Website at Agents.EquiTrust.com. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . You can also request a quote from the company online. at 866-598-3694 or visit the Agent. 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. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. 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. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. Call (866) 598-3694. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. Applicants must be between the ages of 45 and 80. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . Having a problem with an insurance company or agent? At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. No matter what type of insurance you're looking for, you'll find the peace of mind you need. 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. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin 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. 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. Plus, there are tax advantages to owning a fixed annuity. 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. Find contact information for insurance departments and local insurance agents, or file a complaint. Marketing & Admin News. When evaluating rates, please verify directly with your insurance company or agent. Company number. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. 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 insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Additional information. Avoid market losses - guaranteed. 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 It includes a death benefit, as well as a nursing home waiver. While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. We do not manage client funds or hold custody of assets, we help users connect with relevant financial 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. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. Equitrust was a great company at one time. Transmit your filing to the NAIC via the Internet. Columbus, Ohio Area. Subject to IRS daily maximum. 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. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Insurance Blog By Chris (IBBC) was founded by life insurance agent Chris Huntley in 2008 to help educate and inform consumers on some of the most complicated aspects of insurance. (816) 783-8600. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. Our opinions are our own. Copyright 2023 BestLifeRates.org, LLC. Vice President of Sales and Marketing. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. Our goal is to be an objective, third-party resource for everything insurance related. 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! Membership lists, services and education to serve you and your mission. So, feel free to reach out to us by phone at (888) 440-2468, or via email through our secure online contact form and schedule a time to chat with us. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. Research and analysis on important insurance issues. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. 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. Written by Full-Time. Must pass suitability requirements. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. 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. In 2016, EquiTrust surpassed $17 billion in total assets. Complete the financial statements using software from an approved vendor. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. 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. The website also does not provide important information about claims processing. Declining surrender charge, based on 9-year schedule. 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. EquiTrust Life Insurance has 125 employees. Two multi-asset, risk-controlled index options provide an extra level of diversification. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. Official website is sorely lacking. Professional development for state insurance regulators and industry professionals. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! All rights reserved. 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. Quotes and offers are not binding, nor a guarantee of coverage. Applicant ages generally range between 60-80. 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. Today, this company holds north of $17 billion in assets under management. Allstate Corporation. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Growth is based on current interest. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. property-casualty insurance companies for a management fee. EquiTrust Life Annuity Account - SEC.gov. I was hired just before the annual reporting with little to no training or guidance from management. Insurtech Customer Success Stories; With Xceedance, Sapiens, Opal, and CommBox, SAPIENS REPORTS Q4 AND FULL YEAR 2022 FINANCIAL RESULTS, South African Insurer Hollard Group Risk Implements Sapiens for Complete Core Transformation for Life & Pensions, How to make insurance appealing to millennials, Gen Z, MS Amlin Insurance Selects Sapiens for Transformation of its Commercial Lines Operations across Multiple Countries. 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? Personalized Illustrations. Click the links below for: Agent Guide. 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. 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. 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. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. For more information visit https://sapiens.com or follow us on LinkedIn. EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. Equitrust Life Insurance Co is a incorporated in the state of Iowa. EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. Offers life insurance and annuities. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . 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. 24 reviews. Who owns the EquiTrust Life Insurance Company? Term life insurance policies only last for a set number of years, but you can get an immense amount of coverage at a very low rate, as you can see here: Many insurance companies even offer term policies that can be converted into permanent coverage without the need to reassess your inseparability. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. administrators. However, the insurance company is not accredited through the BBB. Here at the blog, our job is to educate and inform people about the best insurance for them. 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. The rating was last updated on 09/09/2022. 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. 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 . At the annual or special meeting of shareholders, a majority of the shares entitled to vote, represented in person or by proxy, constitute a quorum for . 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. An optional terminal illness rider may be added for an additional premium cost. 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. 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 Variable Account . Today, this company holds north of $17 billion in assets under management. In return, the client receives an instantly leveraged death benefit with long-term growth potential. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. 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. Most clients invest in an annuity to pursue accumulation or cash-flow goals. 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. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Compound annual growth in premiums between -10% and +40% . SmartAsset does not EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. 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. All insurance rates, products, and services are presented without warranty and guarantee. The more quotes you compare, the more chances to save. 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). (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: 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. If, however, the underlying performs poorly in a given period, there are no losses to your account. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Only dismal customer reviews spotted across the web. Comparison shopping should be easy. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. Shopping for a company? 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. Award-Winning Sales Intel. We're here to help. For this reason, theyre not suitable to meet everyones insurance needs. 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. FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. Required fields are marked *. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. 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