EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. 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. 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. 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. Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. A financial services company newly renamed and offering individual and business life insurance, and annuities. Domestic and international policy and outreach initiatives. OMB Number: 3235-0729 . In 2016, EquiTrust surpassed $17 billion in total assets. EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. Access public conference call documents and information. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. 54% of EquiTrust Life Insurance employees are women, while 46% are men. Marketing & Admin News. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. We administer financial products for retirees, and Sapiens solution delivers a superior agent experience to market complex financial products that help protect our growing senior population.. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. Developments and trends in financial markets and insurer investments. Two multi-asset, risk-controlled index options provide an extra level of diversification. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. 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. The EquiTrust Life Insurance Company ratings indicate that this company will have . from WalletHub and across the web. Based in Northbrook, Illinois. Our goal is to be an objective, third-party resource for everything insurance related. Violators can and will be prosecuted to the full extent 24 reviews. Overview. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. Written by January 14 2009 - by Lucy Campbell. This is a single-premium whole life insurance policy, which means that youll only need to make one payment to keep the policy active for your lifetime. Below are the most recent examination reports for each insurance company listed. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. 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. There are many reputable life insurance companies in the market today that sell a wide variety of policies. The more quotes you compare, the more chances to save. services are limited to referring users to third party advisers registered or chartered as fiduciaries Growth is based on current interest. Report Locked. Quotes and offers are not binding, nor a guarantee of coverage. 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. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. 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. 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. So lets examine these policies closely to discover which one could be the best fit for your needs. 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. Discover our framework to drive change and promote accountability in our workplace. 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. Financial Internet Filing Online User's Guide, For questions about statement filing: The carrier does have a couple of decades worth of experience under its belt in the industry now, and has a high rating through the BBB. platform based on information gathered from users through our online questionnaire. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. Today, this company holds north of $17 billion in assets under management. Account Options. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. 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. All content is for educational purposes only. Professional development for state insurance regulators and industry professionals. EquiTrust Life will provide a 12 percent bonus paid over three years. 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. It only offers three life insurance products, but if you are looking to increase your cash flow, an EquiTrust Life Insurance Company policy may be the right fit for your needs. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). Everything I learned was self taught with demanding deadlines and being understaffed in our department. EquiTrust Life is a specialized insurance company, with a focus on life insurance. Rachael Brennan No official claims response timeframe promise. . At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. An optional terminal illness rider may be added for an additional premium cost. Documents exposed by various committee workgroups. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. 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. As of 2020, the insurance company has a reported $20.7 billion in total assets. (816) 783-8400, For questions about the database & electronic filing: Contract E-Delivery is Here! Save my name, email, and website in this browser for the next time I comment. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. Learn more Related links form. Please fill out the form below and click "Place Order" to complete your order. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. EquiTrust is one of the best life insurance companies to increase your cash flow. Active CPA and . This rating has decreased by -9% over the . * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . Applicants must be between the ages of 45 and 80. On Tuesday, MJE, which Johnson founded in 1987, said it completed its planned acquisition for a "majority, controlling interest" in EquiTrust Life Insurance Company, which manages $14.5 billion in . With so many great options on the table, it can be difficult for consumers to find the best policy out of the bunch. 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. Is the EquiTrust Life Insurance Company highly rated? Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. The Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online I started Insurance Blog by Chris because I have a passion for insurance. Download Acrobat Reader free of charge. Forms are available on the website to make claims filing easier. Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. Most clients invest in an annuity to pursue accumulation or cash-flow goals. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. 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. You can also request a quote from the company online. 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. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. document.write((new Date()).getFullYear()); At Annuity Gator, we take the frustration out of shopping for annuities. 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. . In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. 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. The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. The Certainty Select Annuity is EquiTrusts MYGA product. Two multi-asset, risk-controlled index options provide an extra level of diversification. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. 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. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. Website at Agents.EquiTrust.com. And just . All Rights Reserved. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. 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. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Get a D&B Hoovers Free Trial. Insurer Ratings and Better Business Bureau Grade. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Call Sales Support. This information is designed to help you with your decision-making, and it is not intended to provide advice. Comparison shopping should be easy. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. 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. 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. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. A+ (excellent) rating by Better Business Bureau (BBB). EquiTrust cannot give legal, tax or accounting advice. 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. 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. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. 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. EquiTrust Life Insurance Company . 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. [CDATA[// >