equitrust life insurance company annual report

September 9, 2022 @sherylwilliams_email. Site features products, a retirement center offering financial strategies, and a press room. American Republic remains focused on delivering quality coverage . The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Having a problem with an insurance company or agent? We strive to help you make confident insurance decisions. Below are the most recent examination reports for each insurance company listed. Today, this company holds north of $17 billion in assets under management. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. Transmit your filing to the NAIC via the Internet. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. Subject to IRS daily maximum. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. The EquiTrust Life Insurance Company ratings indicate that this company will have . The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 This rating has decreased by -9% over the . Additional information. 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. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is A vast majority (over 95%) of these assets are considered investment grade, though more than 40% are not invested in A or better investment classes. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. By continuing to access this system you acknowledge you are aware of and agree to these terms. platform based on information gathered from users through our online questionnaire. 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. The company also has proven that its products can help consumers leave behind an immense financial gift for their loved ones and bring financial security to their own lives. 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. Two multi-asset, risk-controlled index options provide an extra level of diversification. Therefore, the PDFs cannot be made available to state insurance regulators. In the event of a full surrender, applies to accumulation value and any . You can also request a quote from the company online. EquiTrust has just one phoneline for customer service and all other inquiries. Sapiens IllustrationPro for Life & Annuities is a cloud-first, point-of-sale illustration and quoting solution, offering a fully responsive, modern, intuitive user experience for the life and annuities and health markets. 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. For questions regarding cocodes please call us at: 816-783-8600. For questions regarding cocodes please call us at: 816-783-8600. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. Here at the blog, our job is to educate and inform people about the best insurance for them. 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. 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. According to the lawsuit, EquiTrust designed a . Call Sales Support. Working with an adviser may come with potential downsides such as payment of fees (which will 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. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. Contract E-Delivery is Here! ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. 3. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. To be among the Ward's 50, each company must pass all safety and consistency screens, and have achieved superior performance over the five years analyzed. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. We update our site regularly, and all content is reviewed by insurance experts. 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. A financial services company newly renamed and offering individual and business life insurance, and annuities. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Client Brochure. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. 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. BestLifeRates.org, LLC. Choices. 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. Because of its high ratings, award-winning recognition, and impressive progression over time, EquiTrust Life Insurance Company has developed a reputation as a financially stable insurance company with a positive outlook for the future. We're here to help. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: 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. 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. Only dismal customer reviews spotted across the web. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. No matter what type of insurance you're looking for, you'll find the peace of mind you need. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. Professional development for state insurance regulators and industry professionals. 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. MONTHLY OVERVIEW: February updates, recaps and department news. 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. January 14 2009 - by Lucy Campbell. The Certainty Select Annuity is EquiTrusts MYGA product. 2021 Annual Report to Stockholders. Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. Surrender charges may vary by state. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. Access technology tools and resources for U.S. insurance regulators. 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. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. 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. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Click the button below to request a report when hardcopies become available. We have the right one for you. Dina Vince Head of Investor Relations, Sapiens. Click to subscribe for email notifications of new items posted to this page. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. A vast majority (over 95%) of these assets are considered investment grade, though . Managers play favorites, have created a hostile environment where bullying their employees is acceptable. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. If you do not have permission, continuing to attempt to access this site and its resources For financial reporting, their fiscal year ends on December 31st. Personalized Illustrations. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. Adviser or provide advice regarding specific investments. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. Learn more Arizona Department Of Insurance 2012/2013 Annual. 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. The phoneline contact option is offered at restricted hours, Monday-Friday. An annuity is a fixed amount of money paid to you from an insurance firm. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. Compound annual growth in premiums between -10% and +40% . EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. In addition, premiums paid into the policy at approval see a 12% bonus immediately. At Annuity Gator, we take the frustration out of shopping for annuities. EquiTrust Life Variable Account . This annuity features both single life and joint life payout options. 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. Links for Internet Filing are provided to the right. No flexibility and no interest in promoting anyone who won't play their mean girl games. EquiTrust cannot give legal, tax or accounting advice. Most of the time, you'll see your account growing in value. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. You will also need to make a payment of at least $10,000. So lets examine these policies closely to discover which one could be the best fit for your needs. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. EquiTrust specializes in life insurance. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online (See more.) Two multi-asset, risk-controlled index options provide an extra level of diversification. Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. 1.9. COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States 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. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. Nursing Home and Terminal Illness Waivers. AnnuityGator. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. No online claims reporting option. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. Product not available in all states or may vary by state. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. 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. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. If youre a consumer who only wants to work with financially strong companies, youll be pleased with the EquiTrust life Insurance Company financial ratings: Additionally, EquiTrust has an A+ from the Better Business Bureau. EquiTrust Life Insurance has 125 employees. Report Flag as Inappropriate. SEC CIK #0001054501. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. Insurer Ratings and Better Business Bureau Grade. All insurance rates, products, and services are presented without warranty and guarantee. It includes a death benefit, as well as a nursing home waiver. 1991-2023 National Association of Insurance Commissioners. 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. All investing involves risk, including loss of Documents exposed by various committee workgroups. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. EquiTrust Life Insurance Company 2022 Ratings. Complete the financial statements using software from an approved vendor. This is the EquiTrust Life Insurance Company company profile. However, the insurance company is not accredited through the BBB. EquiTrust Life Insurance Company Reviews. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Equitrust Life Insurance Co. 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 insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. These policies are single-premium, and you must pay at least $10,000 to activate your policy. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . Have a question or request? 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. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. 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. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Quotes and offers are not binding, nor a guarantee of coverage. Raleigh, N.C., Jun21, 2022 Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that EquiTrust Life, a leading North American life and health insurance company, has selected Sapiens' award-winning suite of e-application, illustration and . Overview. 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. Agent Pay Is Built Into the Policy. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. Report Locked. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. Declining surrender charge, based on 9-year schedule. Applicants must be between the ages of 45 and 80. Copyright 2022 Sapiens International. No official claims response timeframe promise. document.write((new Date()).getFullYear()); The main customer focus of EquiTrust is retirees and those who are approaching retirement. Income Rider: Includes Benefit Base bonus of 7% on first-year premiums plus Benefit Base compounds annually at 7% for up to 7 years; 1.25% annual fee on Accumulation Value; chronic-illness doubler. 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. Answers regarding health care law and insurance. 2023, Consumer Agent Portal, LLC. You can selectively provide your consent below to allow such third party embeds. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. You can check out all of the benefits of the Confidence Income Annuity HERE. 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. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. of the law. Domestic and international policy and outreach initiatives. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. Active CPA and . 4.0 . There are no guarantees that working with an adviser will yield positive returns. 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. Our founder was born into slavery and grew investor.relations@brighthousefinancial.com. 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.

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