The main customer focus of EquiTrust is retirees and those who are approaching retirement. So, is this a brand you and your family can trust for years to come? For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. 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. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. reduce returns). FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. Report Locked. Established in 1899, A.M. Best is one of the oldest rating companies in the world. 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. Is the EquiTrust Life Insurance Company highly rated? The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. Account Options. 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. If you do not have permission, continuing to attempt to access this site and its resources EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. EquiTrust Life Insurance Company 2022 Ratings. 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. An annuity is a fixed amount of money paid to you from an insurance firm. 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. Have a question or request? A+ (excellent) rating by Better Business Bureau (BBB). ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. Enter your ZIP code below to view companies that have cheap insurance rates. If you put $100,000 into an annuity, you'll see $100,000 on your statement. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. 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. services are limited to referring users to third party advisers registered or chartered as fiduciaries There are no guarantees that working with an adviser will yield positive returns. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. However, the insurance company is not accredited through the BBB. Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. Allstate Corporation. 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 . Website at Agents.EquiTrust.com. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. The insurance company does not list their official claims process on their website beyond how to file. Avi Shekhtman Read more by Avi Shekhtman. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). The second, named WealthMax Bonus Life, is similar to the WealthSure Life product, but the growth is tied to stock market indices instead of current interest rates. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Overview. If you are looking for a company that supports positive action, youll be pleased to know that EquiTrust actively engages with the surrounding area to make it a better place for all who live there. EquiTrust is one of the best life insurance companies to increase your cash flow. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Below are the most recent examination reports for each insurance company listed. In addition, premiums paid into the policy at approval see a 12% bonus immediately. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. This is the EquiTrust Life Insurance Company company profile. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States 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 Life Insurance Co is a incorporated in the state of Iowa. Minimum Premium: $10,000 NQ/Q. 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. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. For financial reporting, their fiscal year ends on December 31st. When evaluating rates, please verify directly with your insurance company or agent. 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 . Years in Business: 10. Business Started: 8/1/2012. No separate claims reporting hotline. investor.relations@brighthousefinancial.com. All investing involves risk, including loss of Shopping for a company? 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. Most of the time, you'll see your account growing in value. Annuity News. I started Insurance Blog by Chris because I have a passion for insurance. 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. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . If you have any questions or concerns regarding your EquiTrust account, you can call 866-598-3692 or submit a message via an online form. The Variable products are distributed by Brighthouse Securities, LLC (member FINRA). This material is not intended to provide investment advice to . Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. Access technology tools and resources for U.S. insurance regulators. 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. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. Based in Northbrook, Illinois. No flexibility and no interest in promoting anyone who won't play their mean girl games. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. Transmit your filing to the NAIC via the Internet. 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. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . Vice President of Sales and Marketing. SmartAsset does not 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. P.S If you would like to read more of our EquiTrust Life Insurance annuity reviews here are some links to check out: Your email address will not be published. A vast majority (over 95%) of these assets are considered investment grade, though . Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. 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. Our principal business is offering life insurance policies and annuity contracts. Complete the financial statements using software from an approved vendor. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. 4.0 . Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of EquiTrust Life Insurance Company, Independent Review of the EquiTrust Choice Four Fixed Annuity, Independent Review of the EquiTrust Certainty Select MYGA Annuity. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. A financial services company newly renamed and offering individual and business life insurance, and annuities. To be among the Ward's 50, each company must pass all safety and consistency screens, and have achieved superior performance over the five years analyzed. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations. EquiTrust Life is a specialized insurance company, with a focus on life insurance. Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. 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. These include: While all of EquiTrusts policies can help you increase your wealth, each is unique. However, the carrier does not provide a specific claims response timeframe promise. 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. Many customers also trust EquiTrust to handle retirement income or wealth transfer. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. Links for Internet Filing are provided to the right. You place money into an account, and the agency invests it so that it will grow. September 9, 2022 @sherylwilliams_email. With so many great options on the table, it can be difficult for consumers to find the best policy out of the bunch. Insurer Ratings and Better Business Bureau Grade. 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. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Everything I learned was self taught with demanding deadlines and being understaffed in our department. A relative newcomer to the insurance industry, EquiTrust was established in 1996. All Rights Reserved | Privacy Policy, Independent Review of Fidelity and Guaranty Life Insurance Company, Independent Review of Eagle Life Insurance Company, We use cookies to enhance your experience while using our website. To apply for this policy, you must: WealthSure also accumulates cash value. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. 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. Website at Agents.EquiTrust.com. It includes a death benefit, as well as a nursing home waiver. However, what were most concerned with is whether or not an insurance company takes care of its hardworking customers and delivers on the coverage promises it makes. You should not rely upon forward-looking statements as predictions of future events. 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.. 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. For complete information about the cookies we use, data we collect and how we process them, please check our. This rating has decreased by -9% over the . [CDATA[// >