platform based on information gathered from users through our online questionnaire. 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. For questions regarding cocodes please call us at: 816-783-8600. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. PDF EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES - Iowa You should not rely upon forward-looking statements as predictions of future events. We do not manage client funds or hold custody of assets, we help users connect with relevant financial The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. Website at Agents.EquiTrust.com. The . EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Complete the financial statements using software from an approved vendor. Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. 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. . 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. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. Are Any of These Annuities Right for You? EquiTrust allows customers to file claims via email, fax, or phone. Copyright 2022 Sapiens International. Applicant ages generally range between 60-80. Nothing on this website is a recommendation to buy or sell an annuity. A vast majority (over 95%) of these assets are considered investment grade, though . All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. That just isnt up to par with other insurance companies around today. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. Vice President of Sales and Marketing. 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. In return, the client receives an instantly leveraged death benefit with long-term growth potential. EquiTrust Life Insurance Review - Good Financial Cents Independent Review of EquiTrust Life Insurance Company EquiTrust Life Insurance Company Review - TrustedChoice.com 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. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. investor.relations@brighthousefinancial.com. Home | Equitable No official claims response timeframe promise. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. EquiTrust Life Insurance Company - Profile and Review - AnnuityAdvantage 54% of EquiTrust Life Insurance employees are women, while 46% are men. According to the lawsuit, EquiTrust designed a . If you do not have permission, continuing to attempt to access this site and its resources The Certainty Select Annuity is EquiTrusts MYGA product. EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. For financial reporting, their fiscal year ends on December 31st. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. Answers regarding health care law and insurance. AnnuityGator. EquiTrust Life Insurance Company Equitrust Annuity | Market Value Annuity document.write((new Date()).getFullYear()); Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. Who owns the EquiTrust Life Insurance Company? 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. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. For this reason, theyre not suitable to meet everyones insurance needs. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. 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. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. 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. Equitrust Annuity | MarketSeven Annuity - The Annuity Expert Have a question or request? Strong financial stability. 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. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. Annual Reports. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. EquiTrust Agent Portal law requires a life insurance producer to submit a form and pay a fee within 30. EquiTrust Life Insurance Company Employee Reviews in West Des - Indeed The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. BestLifeRates.org, LLC. 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. Equitrust Life Insurance Co Company Profile - Dun & Bradstreet On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. Many customers also trust EquiTrust to handle retirement income or wealth transfer. Therefore, the PDFs cannot be made available to state insurance regulators. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. 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. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is We're here to help. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. Subject to IRS daily maximum. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). Complete the financial statements using software from an approved vendor. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. Years in Business: 10. Business Started: 8/1/2012. SmartAssets So, you can be sure that you and your spouse, partner, or other loved one can rely on income for the remainder of both of your lifetimes. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. Our insurance industry partnerships dont influence our content. Annual Reports | Financial Information | Investor Relations EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. If, however, the underlying performs poorly in a given period, there are no losses to your account. 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. Dina Vince Head of Investor Relations, Sapiens. All Rights Reserved. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. This rating has decreased by -9% over the . American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Most clients invest in an annuity to pursue accumulation or cash-flow goals. 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 . If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. Participation in the Database provides essential data for the Insurance Regulatory Information System (IRIS) Financial Ratio Reports, risk-based capital analysis, and other solvency-related reviews of individual companies, including reporting compliance and financial analysis. Explore future meetings and access past event documents. Business Profile for EquiTrust Life Insurance Company EquiTrust Life Insurance Company 2023 Ratings This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. EquiTrust Agent Portal * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. 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. Save my name, email, and website in this browser for the next time I comment. Working at EquiTrust Life Insurance Company | Glassdoor When evaluating rates, please verify directly with your insurance company or agent. The EquiTrust Life Insurance Company ratings indicate that this company will have . An optional terminal illness rider may be added for an additional premium cost. Report Locked. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? Award-Winning Sales Intel. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. As always, conduct your own research on a variety of carriers before signing any paperwork. This is the EquiTrust Life Insurance Company company profile. Title. Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP Company number. Surrender charges may vary by state. Click the button below to request a report when hardcopies become available. EquiTrust Type of Entity: Corporation. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. 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. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. EquiTrust Life Annuity Account - SEC.gov. By continuing to access this system you acknowledge you are aware of and agree to these terms. This is not an offer to buy or sell any security or interest. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Guggenheim Partners - Wikipedia The third, named WealthPay LifeTM, is really a combination product. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. Class Action Launched Against EquiTrust Life Insurance Company Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. 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. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. Its a single premium payment, just like the others, but the premiums paid go toward an annuity, which, in turn, will pay out the life insurance premiums over time. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. (816) 783-8400, For questions about the database & electronic filing: //--> services are limited to referring users to third party advisers registered or chartered as fiduciaries Please fill out the form below and click "Place Order" to complete your order. Access public conference call documents and information. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. EquiTrust Life Insurance Company is considered to be stable financially, and because of that, the company has earned the following ratings from the insurer rating agencies: B++ from A.M. Best Company. How Do Annuity Agent Commissions Work? - The Balance ChoiceFour from EquiTrust Life Insurance Company is a tax-deferred annuity featuring competitive one-year renewable interest rates, access to your money, and protection of your principal.. Sapiens not only provides a wide array of best-of-breed solutions, but we also truly understand our customers operational goals and are committed to delivering best-in-class solutions, seamlessly to drive growth and deliver value. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. from WalletHub and across the web. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. [CDATA[// >