Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. Click the button below to request a report when hardcopies become available. Transmit your filing to the NAIC via the Internet. EquiTrust Life Insurance review. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. Additional information. 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. Two multi-asset, risk-controlled index options provide an extra level of diversification. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. 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. 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. Plus, there are tax advantages to owning a fixed annuity. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. Leave us a note in the comments - we love everything insurance! View contracts online. EquiTrust Client Portal Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. Earvin Magic Johnson's Equitrust funds over $100 million for minority You can also request a quote from the company online. 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 Our annuity experts are also available to answer any of the question or concerns that you may have, whether you are just starting to shop for an annuity, or youve owned one for some time and you want to ensure that its still performing the way it was meant to. About Us. EquiTrust Life Insurance Company Reviews - Glassdoor Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. Call (866) 598-3694. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. EquiTrust, which was recently bought in October of 2011 by Guggenheim Partners, LLC., a global investment and advisory institution, is a growth-minded retirement and legacy-focused life insurance company. American Republic remains focused on delivering quality coverage . (See more.) 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. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. 2021 Annual Report to Stockholders. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. EquiTrust Agent Portal 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. //-->Equitrust Life Insurance Co Company Profile - Dun & Bradstreet Find contact information for insurance departments and local insurance agents, or file a complaint. Allstate Corporation - AnnualReports.com In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. 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. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 Select a state or jurisdiction for insurance department contact information. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. However, the carrier does not provide a specific claims response timeframe promise. What life insurance products does the EquiTrust Life Insurance Company offer? Plus, there's the added benefit of tax advantages offered by a fixed annuity. 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. Equitrust Life Insurance Co SEC Registration - sec.report Working at EquiTrust Life Insurance Company | Glassdoor EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Columbus, Ohio Area. PDF EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES - Iowa In addition, premiums paid into the policy at approval see a 12% bonus immediately. So lets examine these policies closely to discover which one could be the best fit for your needs. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Award-Winning Sales Intel. 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. 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). Call Sales Support. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. For example, there is no outline of an official claims process or claims response timeframe to be found. EquiTrust Life Insurance Company Reviews. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. 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. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. 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. 1991-2023 National Association of Insurance Commissioners. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. 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). SmartAsset does not Agent Pay Is Built Into the Policy. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. 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. All investing involves risk, including loss of Years in Business: 10. Business Started: 8/1/2012. EquiTrust Annuity Review | SmartAsset.com Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). Title. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. The EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. Client Brochure. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. Get Equitrust Annuity Partial Withdrawal Form Et 2512 Please fill out the form below and click "Place Order" to complete your order. Equitrust was a great company at one time. Report Flag as Inappropriate. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: 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. EquiTrust Agent Portal 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. EquiTrust Life Insurance Company has been around since 1996. 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. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. Should you feel confident pursuing EquiTrust for your insurance needs? You will also need to make a payment of at least $10,000. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. These discounts often include: Your independent insurance agent can help you find more information on exact discounts offered by EquiTrust and additional ways to save money through the insurance company, helping you to get the most bang out of your buck on coverage. FBL Financial Group - Wikipedia Everything I learned was self taught with demanding deadlines and being understaffed in our department. The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. Plus, there are tax advantages to owning a fixed annuity. Avoid market losses - guaranteed. 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. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. This policy stands apart because it is the combination of a life insurance policy and an annuity. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. The insurance company does not list their official claims process on their website beyond how to file. Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust Quotes and offers are not binding, nor a guarantee of coverage. 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. administrators. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. Discover tools and resources to help you understand different types of insurance, claims processes, and practical tips to help support you through every stage of your life. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. Copyright 2023 BestLifeRates.org, LLC. EquiTrust Life Insurance Company 2022 Ratings. The experience at EquiTrust varies depending on what department you work in. We're dedicated to providing you with new financial ideas to help meet your specific needs. Although not a giant, household name, EquiTrust Life Insurance Company has held a steady place within the life insurance industry since 1996, namely for its suite of indexed products. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. A.M. Best, the leading global credit rating agency monitoring the insurance industry, gives EquiTrust a B++ rating, indicating the carrier is a good choice for insurance customers. It is extremely important that all filings are accurate, complete, and timely. Offers life insurance and annuities.

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