Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. Website at Agents.EquiTrust.com. The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. You can selectively provide your consent below to allow such third party embeds. 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. 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? Today, this company holds north of $17 billion in assets under management. Working with an adviser may come with potential downsides such as payment of fees (which will Industry Financial Filing - National Association of Insurance Commissioners EquiTrust Client Portal This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. EquiTrust Life Insurance Company About Us. 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. Access to every published model law, regulation, and guideline. Privacy Policy. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. 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. The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. 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 . If you do not have permission, continuing to attempt to access this site and its resources Transmit your filing to the NAIC via the Internet. 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. This rating has decreased by -9% over the . Money cant buy happiness, but purchasing a life insurance policy can give your loved ones the gift of financial security if you were to pass unexpectedly. Account Options. A vast majority (over 95%) of these assets are considered investment grade, though . Weve researched and reviewed hundreds of annuities over the years, and we continue to add new information to our annuity review database, which can be accessed at no cost anytime. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. January 14 2009 - by Lucy Campbell. Call Sales Support. 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. Financial Internet Filing Online User's Guide, For questions about statement filing: With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. Two multi-asset, risk-controlled index options provide an extra level of diversification. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. 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. principal. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. Magic Johnson adds life insurance co. to empire - USA TODAY Customers have reported frustration with having claims answered and processed within a reasonable timeframe. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. EquiTrust Annuity Review | SmartAsset.com EquiTrust Agent Portal Violators can and will be prosecuted to the full extent 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. Guggenheim Partners - Wikipedia EquiTrust Agent Portal EquiTrust - Overview, News & Competitors | ZoomInfo.com If you dont have an extra $10,000 lying around, though, you may want to investigate other insurance companies that offer more affordable whole life insurance policies. 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. Based in Northbrook, Illinois. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. The phoneline contact option is offered at restricted hours, Monday-Friday. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! A+ (excellent) rating by Better Business Bureau (BBB). However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. Agent Pay Is Built Into the Policy. Avi Shekhtman Read more by Avi Shekhtman. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. 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. Carol Woodruff - Vice President, Information Systems - EquiTrust Life Type of Entity: Corporation. For example, there is no outline of an official claims process or claims response timeframe to be found. 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 . 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. PDF MARKETTWELVE BONUS INDEX - ImmediateAnnuities.com THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. 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. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. 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. Equitrust Annuity | Market Value Annuity Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . EquiTrust Life Insurance Company Review - TrustedChoice.com 3. Dina Vince Head of Investor Relations, Sapiens. EquiTrust Life Insurance Company Reviews - Glassdoor ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. 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. This policy stands apart because it is the combination of a life insurance policy and an annuity. 4.0 . Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. Are Any of These Annuities Right for You? 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. Working at EquiTrust Life Insurance Company | Glassdoor Our opinions are our own. Financial Statement Filing & Step Through Guide, Raymond G. 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For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. Revenue: $100 - $500 million See Exact Annual Revenue: EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. If, however, the underlying performs poorly in a given period, there are no losses to your account. EquiTrust Agent Portal Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. Forms are available on the website to make claims filing easier. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. 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. Call Sales Support. Their coverage offerings include: If youre on the market for life insurance or annuities, EquiTrust Life Insurance Company may have just the type of product youre looking for. Our principal business is offering life insurance policies and annuity contracts. Our goal is to be an objective, third-party resource for everything insurance related. EquiTrust Life Variable Account . This annuity features both single life and joint life payout options. 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). Earvin Magic Johnson's Equitrust funds over $100 million for minority EquiTrust Life Insurance Company | LinkedIn BestLifeRates.org, LLC. 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. Licensed Insurance Agent. 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. When evaluating rates, please verify directly with your insurance company or agent. Call Sales Support. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. at 866-598-3694 or visit the Agent. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . EquiTrust Life Insurance Company Employee Reviews in West Des - Indeed Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. . 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. Exclusive, industry-focused manuals, data, and more. 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. Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. 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. Nothing on this website is a recommendation to buy or sell an annuity. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! 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. No flexibility and no interest in promoting anyone who won't play their mean girl games. We do not manage client funds or hold custody of assets, we help users connect with relevant financial EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. EquiTrust Life will provide a 12 percent bonus paid over three years. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. 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. Full-Time. Developments and trends in financial markets and insurer investments. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: 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. Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Equitrust ChoiceFour Annuity | 2.25% Rate - The Annuity Expert For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. As always, conduct your own research on a variety of carriers before signing any paperwork. (Annual sales and employees). How Do Annuity Agent Commissions Work? - The Balance 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. We're dedicated to providing you with new financial ideas to help meet your specific needs. Annual Reports. Required fields are marked *. The 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . 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 . If you put $100,000 into an annuity, you'll see $100,000 on your statement. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge.
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