Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. 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. If, however, the underlying performs poorly in a given period, there are no losses to your account. All Rights Reserved. Links for Internet Filing are provided to the right. Who owns the EquiTrust Life Insurance Company? 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. Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. Compound annual growth in premiums between -10% and +40% . 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. Are Any of These Annuities Right for You? Posted: January 19, 2023. As a result of hard work and talented people, we are doing well. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. ]]> Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. Overview. 2. A vast majority (over 95%) of these assets are considered investment grade, though . It is extremely important that all filings are accurate, complete, and timely. 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. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. Violators can and will be prosecuted to the full extent EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. 2021 Annual Report to Stockholders. Avoid market losses - guaranteed. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. 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. Vice President of Sales and Marketing. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. In June 2015, Magic Johnson Enterprises became the majority shareholder, making EquiTrust Life Insurance one of the largest minority-owned life insurance company in the history of the country at $25.7 billion in assets. Additional information. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. 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 Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. Official website is sorely lacking. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. Copyright 2022 Sapiens International. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. (816) 783-8400, For questions about the database & electronic filing: However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. I started Insurance Blog by Chris because I have a passion for insurance. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. Please fill out the form below and click "Place Order" to complete your order. This rating has decreased by -9% over the . EquiTrust allows customers to file claims via email, fax, or phone. The insurance company does not list their official claims process on their website beyond how to file. Sapiens ApplicationPro is a robust electronic application software that helps carriers address critical business drivers, such as decreasing timetoissue and reducing policy acquisition costs, all in an extremely intuitive and easytouse package. EquiTrust earns this recognition for performance from 2017 through 2021. Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . 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. PA 2700-FM-AQ0021 2007 . 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Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . Comparison shopping should be easy. EquiTrust Life Insurance Company . No online claims reporting option. Established in 1899, A.M. Best is one of the oldest rating companies in the world. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. 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 . American Republic remains focused on delivering quality coverage . Report Locked. For more information on how we're paid, click our link below.Full Disclosure. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. Must pass suitability requirements. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. EquiTrust Values. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . 1.9. Our insurance industry partnerships dont influence our content. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. platform based on information gathered from users through our online questionnaire. 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. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) This is not an offer to buy or sell any security or interest. For complete information about the cookies we use, data we collect and how we process them, please check our. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. (See more.) Leave us a note in the comments - we love everything insurance! ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin . You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. Plus, there are tax advantages to owning a fixed annuity. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. With such policies, your loans, withdrawals, and surrenders are taxed as income first and could be subject to an additional federal tax penalty of 10% if made before the age of 59. No official claims response timeframe promise. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. 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. Our opinions are our own. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. Description. Keep reading to learn more about this company and what it can offer you. 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). EquiTrust Life Variable Account . So, feel free to reach out to us by phone at (888) 440-2468, or via email through our secure online contact form and schedule a time to chat with us. 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). 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. BestLifeRates.org, LLC. AnnuityGator. The main customer focus of EquiTrust is retirees and those who are approaching retirement. 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. The EquiTrust Life Insurance Company ratings indicate that this company will have . 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. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. Access public conference call documents and information. MONTHLY OVERVIEW: February updates, recaps and department news. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. We also use content and scripts from third parties that may use tracking technologies. 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. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. EquiTrust Life Annuity Account - SEC.gov. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. For questions regarding cocodes please call us at: 816-783-8600. This material is not intended to provide investment advice to . 54% of EquiTrust Life Insurance employees are women, while 46% are men. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. All investing involves risk, including loss of EquiTrust Life Insurance has 125 employees. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! Enter your ZIP code below to view companies that have cheap insurance rates. Click the button below to request a report when hardcopies become available. All content is for educational purposes only. Product not available in all states or may vary by state. Learn more Related links form. The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. Title. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. As of 2020, the insurance company has a reported $20.7 billion in total assets. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. Required fields are marked *. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. Transmit your filing to the NAIC via the Internet. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . 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. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies.