Revenue: $100 - $500 million See Exact Annual Revenue: Allstate Corporation has reached its limit for free report views. Forms are available on the website to make claims filing easier. 2020 Annual Report to Stockholders. Equitrust was a great company at one time. (See more.) With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. As you can see, because of the advanced nature of their life insurance products, EquiTrust is not commonly used for basic life insurance coverage, such as term life insurance. When evaluating rates, please verify directly with your insurance company or agent. 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. Annuity News. Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. This annuity features both single life and joint life payout options. EquiTrust Life Insurance Company 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. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. Our three-year blueprint for the future shows the way toward building on existing strengths. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. Report Locked. 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). EquiTrust Life Insurance Company Review - TrustedChoice.com So, is this a brand you and your family can trust for years to come? Home | Equitable EquiTrust Client Portal After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. 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. January 14 2009 - by Lucy Campbell. FBL Financial Group - Wikipedia MONTHLY OVERVIEW: February updates, recaps and department news. Discover our framework to drive change and promote accountability in our workplace. The 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. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC 28277 and, in New York only, by Brighthouse Life Insurance Company of NY, New York, NY 10017 (Brighthouse Financial). Minimum Premium: $10,000 NQ/Q. 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. The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. 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. All rights reserved. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online 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. Get your Bridge toolkit today. 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. 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. Explore future meetings and access past event documents. Download Acrobat Reader free of charge. Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. . Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. Its A+ rating through the BBB is impressive, though. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. Call Sales Support. For complete information about the cookies we use, data we collect and how we process them, please check our. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Your personal tax advisor can provide important . As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. This material is not intended to provide investment advice to . Equitrust Life Insurance Fast Facts. Compare Quotes From Top Companies and Save. Declining surrender charge, based on 9-year schedule. EquiTrust specializes in life insurance. Client Brochure. 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. You place money into an account, and the agency invests it so that it will grow. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. 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. EquiTrust Agent Portal Marketing & Admin News. On Tuesday, MJE, which Johnson founded in 1987, said it completed its planned acquisition for a "majority, controlling interest" in EquiTrust Life Insurance Company, which manages $14.5 billion in . Working At EquiTrust Life Insurance: Employee Reviews and Culture - Zippia An optional terminal illness rider may be added for an additional premium cost. 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 . All Rights Reserved. Questions? You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. EquiTrust Life Insurance Company Reviews. 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. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. 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? In 2016, EquiTrust surpassed $17 billion in total assets. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. N-CEN: Filer Information - whalewisdom.com EquiTrust Life Insurance Company 2022 Ratings. All are Brighthouse Financial affiliated companies. 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. Our principal business is offering life insurance policies and annuity contracts. 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. 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. Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. Learn more Related links form. and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered. 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. Transmit your filing to the NAIC via the Internet. Nursing Home and Terminal Illness Waivers. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. Company number. Call (866) 598-3694. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . Award-Winning Sales Intel. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. Avoid market losses - guaranteed. 2023, Consumer Agent Portal, LLC. EquiTrust Life Insurance Company - Profile and Review - AnnuityAdvantage Personalized Illustrations. There are many reputable life insurance companies in the market today that sell a wide variety of policies. 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. ]]> 24 reviews. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. For more information visit https://sapiens.com or follow us on LinkedIn. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Get Equitrust Annuity Partial Withdrawal Form Et 2512 Having a problem with an insurance company or agent? How Do Annuity Agent Commissions Work? - The Balance Based in Northbrook, Illinois. Permission and instructions to access this system can be obtained from the SmartAsset access control 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. The company also offers roadside assistance and ridesharing coverage options. EquiTrust Life will provide a 12 percent bonus paid over three years. Its "A+" rating through the BBB is impressive, though. 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. 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. Two Arizona senior citizens filed a proposed class-action lawsuit against EquitTrust Life Insurance Company, claiming the Iowa-based financial company duped consumers into purchasing financial products through deceptive sales practices, among other charges. Steps to Completing a Financial Statement Filing. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. Annual Report on Equitrust Life Insurance's Revenue, Growth, SWOT In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. Quotes and offers are not binding, nor a guarantee of coverage. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. In return, the client receives an instantly leveraged death benefit with long-term growth potential. And the bonus isn't just in the name. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. 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. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Heather Kane - Vice President of Sales and Marketing - EquiTrust Life Click to subscribe for email notifications of new items posted to this page. West Des Moines, IA. Earvin Magic Johnson's Equitrust funds over $100 million for minority According to the lawsuit, EquiTrust designed a . Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. You can even use life insurance to provide yourself with more financial security while youre alive. Dina Vince Head of Investor Relations, Sapiens. 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 . Mark Willoughby, CPA - AVP Internal Audit - EquiTrust Life Insurance Atlanta Life Insurance - Atlanta Life Insurance Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is of the law. In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . PA 2700-FM-AQ0021 2007 . Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. 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 . Comparison shopping should be easy. 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. It is extremely important that all filings are accurate, complete, and timely. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . 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. is in violation of the regulations of this system. 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. The experience at EquiTrust varies depending on what department you work in. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. What is the EquiTrust Life Insurance Company? Plus, there are tax advantages to owning a fixed annuity. Complete the financial statements using software from an approved vendor. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. Business Profile for EquiTrust Life Insurance Company Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers digital transformation. EquiTrust Life Insurance review. 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. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. 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. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. Equitrust Market Ten Bonus Annuity (Up To 6% Bonus) Examination Reports | Iowa Insurance Division This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. Active CPA and . Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. Get a D&B Hoovers Free Trial. document.write((new Date()).getFullYear()); Nothing on this website is a recommendation to buy or sell an annuity. There are no guarantees that working with an adviser will yield positive returns. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. EquiTrust Life Insurance Review - Good Financial Cents However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. EquiTrust Life Variable Account . View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Copyright 2022 Sapiens International. administrators. View contracts online. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. 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. Applicant ages generally range between 60-80. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. Click the button below to request a report when hardcopies become available. Keep reading to learn more about this company and what it can offer you. at 866-598-3694 or visit the Agent. 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. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. And just . Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow.