Our goal is to be an objective, third-party resource for everything insurance related. EquiTrust offers just one phoneline for all customer inquiries. FBL Financial Group, Inc. is a financial services holding company, headquartered in West Des Moines, Iowa, and traded on the New York Stock Exchange under the symbol FFG. EquiTrust Life Annuity Account - SEC.gov. This information is designed to help you with your decision-making, and it is not intended to provide advice. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. Tap into the digital era and reimagine your engagement with customers, the visibility you provide to agents and brokers, and the agility and flexibility with which you manage your business. Rachael Brennan 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. 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. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. Applicant ages generally range between 60-80. Today it has grown into a global brand with an entire team of passionate researchers, writers, and insurance professionals continuing the original mission Chris set out with: to make insurance simple. Transmit your filing to the NAIC via the Internet. Are cheaper life insurance policies available? 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. Avi Shekhtman Read more by Avi Shekhtman. services are limited to referring users to third party advisers registered or chartered as fiduciaries Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. Therefore, the PDFs cannot be made available to state insurance regulators. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. It includes a death benefit, as well as a nursing home waiver. Term life insurance policies only last for a set number of years, but you can get an immense amount of coverage at a very low rate, as you can see here: Many insurance companies even offer term policies that can be converted into permanent coverage without the need to reassess your inseparability. Save my name, email, and website in this browser for the next time I comment. Official website is sorely lacking. As of 2020, the insurance company has a reported $20.7 billion in total assets. The more quotes you compare, the more chances to save. In addition, FBL manages all aspects of two Farm Bureau affiliated. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. Offers life insurance and annuities. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! Records required to be maintained according to the Company's record retention policy, include policyowner files, orders for fund shares, daily unit value computations, bank account records, reconciliation and . 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. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. 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. Sales Week: EquiTrust ads bring business to your doorstep or inbox. If youre looking for life insurance or annuities from an insurance company that makes its customers a priority, we strongly encourage you to work together with your independent insurance agent to survey all other options before settling on EquiTrust Life Insurance Company as your trusted carrier. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Contract E-Delivery is Here! The experience at EquiTrust varies depending on what department you work in. 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. Download Acrobat Reader free of charge. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. Our three-year blueprint for the future shows the way toward building on existing strengths. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. 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 . 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 Company was purchased by Guggenheim Partners in 2011. 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. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . 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. 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 was founded in 1996, giving the carrier just about a quarter of a centurys worth of experience in the industry today. principal. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. More. Annual Reports. 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. 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. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. Plus, there are tax advantages to owning a fixed annuity. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. Our principal business is offering life insurance policies and annuity contracts. Applicants must be between 60 and 80 to apply for this policy, which also features an Accelerated Death Benefit Rider, flexible premium allocation, and index credits. 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. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. We have the right one for you. The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. Your personal tax advisor can provide important . Having a problem with an insurance company or agent? Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. 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). If youre wanting something more short-term, such as a term life insurance policy, save some money by finding another insurance provider to work with, such asBanner, SBLI, Assurity, or American National. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. 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. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! Established in 1899, A.M. Best is one of the oldest rating companies in the world. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. Dina Vince Head of Investor Relations, Sapiens. reduce returns). This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. Avoid market losses - guaranteed. 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. Files on this page are PDF. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. No matter what type of insurance you're looking for, you'll find the peace of mind you need. 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. Today, this company holds north of $17 billion in assets under management. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. Select a state or jurisdiction for insurance department contact information. Title. It is built on the understanding that competitive returns and minimal taxation are . 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. The Certainty Select Annuity is EquiTrusts MYGA product. Company number. Report Date: July 1, 2022 Company Count: 385 COMPANY NAME NAIC# PHONE# 4 Ever Life Insurance Company 80985 2 Mid America Plaza, Suite 200 Oakbrook Terrace IL 60181-4712 8889234227 . For example, there is no outline of an official claims process or claims response timeframe to be found. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . You place money into an account, and the agency invests it so that it will grow. 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. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. Working with an adviser may come with potential downsides such as payment of fees (which will It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. In return, the client receives an instantly leveraged death benefit with long-term growth potential. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. All Rights Reserved. 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. Answers regarding health care law and insurance. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . 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. 10 of the Most Senseless Deaths of All Time, 5 Critical Tips Before You Buy Life Insurance, 5 Ways To Prepare Your Home For Wildfires, 7 Benefits of Life Insurance for the Wealthy, 8 Types Of Homeowners Insurance Policies, Massachusetts Mutual Life Insurance Review, Northwestern Mutual Life Insurance Review. It has also earned some pretty impressive accolades, including being recognized in 2017 and 2018 among the Wards 50 of top life and health insurance companies. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. 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). All rights reserved. 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. 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. at 866-598-3694 or visit the Agent. EquiTrust Cons: Not a BBB accredited company. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. Years in Business: 10. Business Started: 8/1/2012. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. 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. EquiTrust Life Insurance Company. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Innovation is a key pillar within EquiTrust Life, and we felt that Sapiens digital tools would enable innovation much faster than any other competitor, while providing us industry insights and best practices, said Carol Woodruff, Vice President, Information Systems with EquiTrust Life. . January 14 2009 - by Lucy Campbell. A financial services company newly renamed and offering individual and business life insurance, and annuities. EquiTrust has just one phoneline for customer service and all other inquiries. We also use content and scripts from third parties that may use tracking technologies. Growth is based on current interest. September 9, 2022 @sherylwilliams_email. A+ (excellent) rating by Better Business Bureau (BBB). Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. document.write((new Date()).getFullYear()); Enter your ZIP code below to view companies that have cheap insurance rates. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. All content is for educational purposes only. Financial Ratings. You should not rely upon forward-looking statements as predictions of future events. 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. Compound annual growth in premiums between -10% and +40% . Required fields are marked *. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website.