The EquiTrust Life Insurance Company first opened its doors for business in 1996. 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. Official website is sorely lacking. EquiTrust Life Annuity Account - SEC.gov. Working with an adviser may come with potential downsides such as payment of fees (which will Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. 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. P.S If you would like to read more of our EquiTrust Life Insurance annuity reviews here are some links to check out: Your email address will not be published. BestLifeRates.org, LLC. For more information on how we're paid, click our link below.Full Disclosure. principal. This is not an offer to buy or sell any security or interest. advisors. However, the insurance company is not accredited through the BBB. Two multi-asset, risk-controlled index options provide an extra level of diversification. 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. Explore future meetings and access past event documents. A vast majority (over 95%) of these assets are considered investment grade, though . Learn more Related links form. Strong financial stability. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. Steps to Completing a Financial Statement Filing. 1991-2023 National Association of Insurance Commissioners. Our principal business is offering life insurance policies and annuity contracts. 2020 Annual Report to Stockholders. Mark is a former Big 4 auditor with 10 plus years of public/private experience in audit within a variety of industries: manufacturing/consumer products/insurance/financial services. 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. You can selectively provide your consent below to allow such third party embeds. 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. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Copyright 2023 BestLifeRates.org, LLC. EquiTrust Life Insurance Company has been around since 1996. No official claims response timeframe promise. Get your Bridge toolkit today. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. Report Locked. All insurance rates, products, and services are presented without warranty and guarantee. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. These policies are single-premium, and you must pay at least $10,000 to activate your policy. Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of EquiTrust Life Insurance Company, Independent Review of the EquiTrust Choice Four Fixed Annuity, Independent Review of the EquiTrust Certainty Select MYGA Annuity. American Republic remains focused on delivering quality 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 . SmartAsset does not 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. 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. 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. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. As always, conduct your own research on a variety of carriers before signing any paperwork. Sales Week: EquiTrust ads bring business to your doorstep or inbox. Two multi-asset, risk-controlled index options provide an extra level of diversification. Plus, there are tax advantages to owning a fixed annuity. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. Who owns the EquiTrust Life Insurance Company? 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. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. About Us. at 866-598-3694 or visit the Agent. The insurance company does not list their official claims process on their website beyond how to file. 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.. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. Active CPA and . Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. 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. Raleigh, N.C., Jun21, 2022Sapiens 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 digital solutions to provide their agents next generation customer acquisition and service capabilities. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. EquiTrust specializes in life insurance. 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. Counsel for plaintiffs in the case described the decision this way: "In Tabares v. EquiTrust Life Insurance Company, a class of deferred annuity purchasers alleged that although EquiTrust promised them a 10% premium bonus if they purchased one of its deferred annuities, it simply offset the amount of the bonus through lower annual rates. Compound annual growth in premiums between -10% and +40% . Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. 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. As of 2020, the insurance company has a reported $20.7 billion in total assets. 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. An optional terminal illness rider may be added for an additional premium cost. 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. 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. Surrender charges may vary by state. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. Declining surrender charge, based on 9-year schedule. 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. Access technology tools and resources for U.S. insurance regulators. 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. Explore our open opportunities for your chance to join our team. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! 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. Reviewed by ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. The main customer focus of EquiTrust is retirees and those who are approaching retirement. A+ (excellent) rating by Better Business Bureau (BBB). 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. Product not available in all states or may vary by state. Complete the financial statements using software from an approved vendor. 24 reviews. At Annuity Gator, we take the frustration out of shopping for annuities. administrators. Overview. 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. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Save my name, email, and website in this browser for the next time I comment. SEC CIK #0001054501. Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. 54% of EquiTrust Life Insurance employees are women, while 46% are men. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. 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. Access to every published model law, regulation, and guideline. Download Acrobat Reader free of charge. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. law requires a life insurance producer to submit a form and pay a fee within 30. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. 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. EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. 2023, Consumer Agent Portal, LLC. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. Allstate Corporation. Exclusive, industry-focused manuals, data, and more. Equitrust Life Insurance Fast Facts. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. Call (866) 598-3694. You can also request a quote from the company online. Please fill out the form below and click "Place Order" to complete your order. 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