We provide tools and resources to help regulators set standards and best practices, provide regulatory support functions, and educate on U.S. state-based insurance regulation. sherylwilliams_email. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Sales Week: EquiTrust ads bring business to your doorstep or inbox. And just . The purchase of EquiTrust aligns with Magic Johnson Enterprises' focus on diversity in the workplace, as well as rich diversity of thought, focus on the policyholders we serve and the communities in which we work and live - as . Explore future meetings and access past event documents. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. 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. The EquiTrust Life Insurance Company first opened its doors for business in 1996. Working with an adviser may come with potential downsides such as payment of fees (which will So lets examine these policies closely to discover which one could be the best fit for your needs. 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. 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. As a result of hard work and talented people, we are doing well. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Are Any of These Annuities Right for You? law requires a life insurance producer to submit a form and pay a fee within 30. 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. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. Applicants must be between the ages of 45 and 80. This policy stands apart because it is the combination of a life insurance policy and an annuity. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . Leave us a note in the comments - we love everything insurance! The third, named WealthPay LifeTM, is really a combination product. EquiTrust cannot give legal, tax or accounting advice. Financial Statement Filing & Step Through Guide, Raymond G. 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EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. Questions? 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. You place money into an account, and the agency invests it so that it will grow. EquiTrust Life Insurance Company Reviews. 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 . BestLifeRates.org, LLC. The main customer focus of EquiTrust is retirees and those who are approaching retirement. Surrender Charge. Choices. At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. Description. Offers life insurance and annuities. Marketing & Admin News. Copyright 2023 BestLifeRates.org, LLC. Select a state or jurisdiction for insurance department contact information. There are many reputable life insurance companies in the market today that sell a wide variety of policies. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. There are no guarantees that working with an adviser will yield positive returns. Comparison shopping should be easy. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. Today, this company holds north of $17 billion in assets under management. A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. Learn more Arizona Department Of Insurance 2012/2013 Annual. Founder of Huntley Wealth & Insurance Services. principal. 1. 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. EquiTrust currently offers three life insurance products. 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. We're here to help. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. 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. EquiTrust has just one phoneline for customer service and all other inquiries. For financial reporting, their fiscal year ends on December 31st. At Annuity Gator, we take the frustration out of shopping for annuities. 24 reviews. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. Complete the financial statements using software from an approved vendor. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. As of 2020, the insurance company has a reported $20.7 billion in total assets. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. Our three-year blueprint for the future shows the way toward building on existing strengths. The NAIC will be working to ensure that companies have complied with electronic filing requirements and financial reporting requirements contained in the Blanks, Annual Statement Instructions and Purposes and Procedures Manual of the NAIC Investment Analysis Office,and any data validation failures are resolved. Click the button below to request a report when hardcopies become available. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. Our goal is to be an objective, third-party resource for everything insurance related. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. EquiTrust Life Insurance has 125 employees. 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. 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. Website at Agents.EquiTrust.com. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. 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. Copyright 2022 Sapiens International. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States Call Sales Support. And the bonus isn't just in the name. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. 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. 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. Rachael Brennan 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. Have a question or request? Click the button below to request a report when hardcopies become available. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Are cheaper life insurance policies available? 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. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. Advertiser Disclosure: We strive to help you make confident insurance decisions. Research and analysis on important insurance issues. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. 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. BBB File Opened: 8/13/2012. Permission and instructions to access this system can be obtained from the SmartAsset access control Report Locked. 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. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . EquiTrust Life Insurance Company is a national carrier of competitive, client-friendly annuity products sold through a variety of distribution channels, including more than 20,000 independent .