equitrust life insurance company annual report
Earvin Magic Johnson's Equitrust funds over $100 million for minority We do not manage client funds or hold custody of assets, we help users connect with relevant financial existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. 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. As of 2020, the insurance company has a reported $20.7 billion in total assets. Learn more Related links form. Bottom Line: EquiTrust is known for offering life insurance that does not require medical exams, and has even been recognized as a top performing insurance company by Wards. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. For more information visit https://www.EquiTrust.com. 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. Financial Internet Filing Online User's Guide, For questions about statement filing: The experience at EquiTrust varies depending on what department you work in. Company/Agent Search | Missouri Department of Insurance, Financial Independent Review of the RiverSource Protected Advantage 6 Year Annuity Independent Review of the RiverSource Life Value Plus Bonus Annuity Independent Review of the RiverSource Life Rate Bonus 1 MYGA Annuity. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. . Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. FBL Financial Group Inc. - AnnualReports.com Steps to Completing a Financial Statement Filing. ]]> And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. Susan Andersen - Assistant Vice President Marketing - EquiTrust Life It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. Insurer Ratings and Better Business Bureau Grade. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. Annual Reports | Financial Information | Investor Relations For more information visit https://sapiens.com or follow us on LinkedIn. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. Home | Equitable 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. Who owns the EquiTrust Life Insurance Company? NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. A vast majority (over 95%) of these assets are considered investment grade, though . EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. EquiTrust Life Insurance Company. There are no guarantees that working with an adviser will yield positive returns. 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. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. 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. Shopping for a company? Surrender charges may vary by state. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. Complete the financial statements using software from an approved vendor. Advertiser Disclosure: We strive to help you make confident insurance decisions. Report Flag as Inappropriate. 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. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. 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. There are many reputable life insurance companies in the market today that sell a wide variety of policies. The EquiTrust Life Insurance Company ratings indicate that this company will have . Our insurance industry partnerships dont influence our content. is in violation of the regulations of this system. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. EquiTrust Life will provide a 12 percent bonus paid over three years. Surrender Charge. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. So lets examine these policies closely to discover which one could be the best fit for your needs. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Select a state or jurisdiction for insurance department contact information. 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 . A glossary of insurance terms and definitions. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. Guggenheim Partners - Wikipedia Membership lists, services and education to serve you and your mission. Rachael Brennan View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. MONTHLY OVERVIEW: February updates, recaps and department news. Active CPA and . Nursing Home and Terminal Illness Waivers. EquiTrust Annuity Review | SmartAsset.com 4.0 . Complete the financial statements using software from an approved vendor. Applicant ages generally range between 60-80. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. 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. Overview. 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. Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. 3. However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. For complete information about the cookies we use, data we collect and how we process them, please check our. Enter your ZIP code below to view companies that have cheap insurance rates. Equitrust Life Variable Account - Sec EquiTrust Agent Portal Use of this system and its resources is monitored at all times and requires explicit and current permission. EquiTrust Life Insurance Company - BestLifeRates.org Get your Bridge toolkit today. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. (See more.) Are Any of These Annuities Right for You? Explore our open opportunities for your chance to join our team. 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. PDF LIFE INSURERS Report Date Company Count - dbr.ri.gov To apply for this policy, you must: WealthSure also accumulates cash value. The third, named WealthPay LifeTM, is really a combination product. Personalized Illustrations. 2021 Annual Report to Stockholders. 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. Your personal tax advisor can provide important . For questions regarding cocodes please call us at: 816-783-8600. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. This is not an offer to buy or sell any security or interest. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. 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. For this particular review, well focus just on the life insurance side of things: With a focus on accumulation and leverage, EquiTrusts life insurance products are aligned to help consumers utilize their current cash or cash flow for growth with the future in mind. Research and analysis on important insurance issues. review the ongoing performance of any Adviser, participate in the management of any users account by an Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. Sapiens not only provides a wide array of best-of-breed solutions, but we also truly understand our customers operational goals and are committed to delivering best-in-class solutions, seamlessly to drive growth and deliver value. In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. Marketing & Admin News. document.write((new Date()).getFullYear()); Call Sales Support. Equitrust Market Ten Bonus Annuity (Up To 6% Bonus) Call Sales Support. According to the lawsuit, EquiTrust designed a . EquiTrust Life Insurance Company Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. EquiTrust Life Insurance Company hiring Life and Annuity Claims Manager The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. Explore future meetings and access past event documents. 1. 54% of EquiTrust Life Insurance employees are women, while 46% are men. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. EquiTrust Hit With Suit Over Unauthorized Payout Fees Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. Here at the blog, our job is to educate and inform people about the best insurance for them. EquiTrust cannot give legal, tax or accounting advice. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. About Us. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. More. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. 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. EquiTrust Agent Portal 1.9. No separate claims reporting hotline. Find contact information for insurance departments and local insurance agents, or file a complaint. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. Please fill out the form below and click "Place Order" to complete your order. FBL Financial Group - Wikipedia While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. High rating through the BBB. EquiTrust allows customers to file claims via email, fax, or phone. Professional development for state insurance regulators and industry professionals. 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. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. Allstate Corporation - AnnualReports.com EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Annual Report on Equitrust Life Insurance's Revenue, Growth, SWOT EquiTrust Life Annuity Account - SEC.gov. A relative newcomer to the insurance industry, EquiTrust was established in 1996. 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. 2020 Annual Report to Stockholders. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. For financial reporting, their fiscal year ends on December 31st. at 866-598-3694 or visit. 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. Based in Northbrook, Illinois. Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. Main customer service and claims reporting hotline has the following hours restrictions: Income tax-free benefits for beneficiaries, Approval based on medical questions but no exam required. 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. Quotes and offers are not binding, nor a guarantee of coverage. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. 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. FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. Its a single premium payment, just like the others, but the premiums paid go toward an annuity, which, in turn, will pay out the life insurance premiums over time. Permission and instructions to access this system can be obtained from the SmartAsset access control 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. Get Equitrust Annuity Partial Withdrawal Form Et 2512 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 Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. 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. 10,000+ Employees. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. SEC CIK #0001054501. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. The insurance company does not list their official claims process on their website beyond how to file. Today, this company holds north of $17 billion in assets under management. Type of Entity: Corporation. EquiTrust Life Insurance Review - Good Financial Cents 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. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Having a problem with an insurance company or agent? (816) 783-8400, For questions about the database & electronic filing: Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. Equitrust Life Insurance Co Company Profile - Dun & Bradstreet The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. 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. 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. 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. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: 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. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. EquiTrust Life Insurance Company | LinkedIn EquiTrust Agent Portal Reviewed by EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. 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. EquiTrust Cons: Not a BBB accredited company. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). The main customer focus of EquiTrust is retirees and those who are approaching retirement. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. Violators can and will be prosecuted to the full extent (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: 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. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States 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. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. 24 reviews. The rating was last updated on 09/09/2022. 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. The more quotes you compare, the more chances to save. Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. Privacy Policy. The EquiTrust Life Insurance Company may only be 25 years old, but its ratings indicate that purchasing a policy from this company could be a good investment for some consumers. What life insurance products does the EquiTrust Life Insurance Company offer? Compare Quotes From Top Companies and Save. Tabares et al v. Equitrust Life Ins. Co. - United Policyholders 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.