equitrust life insurance company annual report

All are Brighthouse Financial affiliated companies. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. By continuing to access this system you acknowledge you are aware of and agree to these terms. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: The 2023, Consumer Agent Portal, LLC. Offers life insurance and annuities. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. EquiTrust Life Insurance Company Review - TrustedChoice.com No online claims reporting option. 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. Most of the time, you'll see your account growing in value. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. For financial reporting, their fiscal year ends on December 31st. EquiTrust Life Insurance review. 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 . 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. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. Professional development for state insurance regulators and industry professionals. EquiTrust - Overview, News & Competitors | ZoomInfo.com 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. Exclusive, industry-focused manuals, data, and more. EquiTrust Agent Portal Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? Everything I learned was self taught with demanding deadlines and being understaffed in our department. There are no guarantees that working with an adviser will yield positive returns. 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. Sapiens IllustrationPro for Life & Annuities is a cloud-first, point-of-sale illustration and quoting solution, offering a fully responsive, modern, intuitive user experience for the life and annuities and health markets. AnnuityGator. West Des Moines, IA. Insurance Blog By Chris (IBBC) was founded by life insurance agent Chris Huntley in 2008 to help educate and inform consumers on some of the most complicated aspects of insurance. Heather Kane - Vice President of Sales and Marketing - EquiTrust Life The main customer focus of EquiTrust is retirees and those who are approaching retirement. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. These include: While all of EquiTrusts policies can help you increase your wealth, each is unique. 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). EquiTrust Life Insurance has 125 employees. EquiTrust offers just one phoneline for all customer inquiries. With so many great options on the table, it can be difficult for consumers to find the best policy out of the bunch. 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. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. Erie Insurance Reviews (2023): 900+ User Ratings - WalletHub Report Date: July 1, 2022 Company Count: 385 COMPANY NAME NAIC# PHONE# 4 Ever Life Insurance Company 80985 2 Mid America Plaza, Suite 200 Oakbrook Terrace IL 60181-4712 8889234227 . EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. 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. Comparison shopping should be easy. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. Should you feel confident pursuing EquiTrust for your insurance needs? With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. Our three-year blueprint for the future shows the way toward building on existing strengths. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. It also serves several other regulatory information needs, such as mandated: experience analysis for particular lines or sublines for individual companies and groups; general market structure and performance analysis; and statistics by company, groups or the industry as a whole. EquiTrust Life will provide a 12 percent bonus paid over three years. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: Required fields are marked *. Financial Internet Filing Online User's Guide, For questions about statement filing: You can selectively provide your consent below to allow such third party embeds. Allstate Corporation has reached its limit for free report views. So lets examine these policies closely to discover which one could be the best fit for your needs. EquiTrust Life Insurance Company 2022 Ratings. We're dedicated to providing you with new financial ideas to help meet your specific needs. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. If, however, the underlying performs poorly in a given period, there are no losses to your account. 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. EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. 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. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. 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. How Do Annuity Agent Commissions Work? - The Balance The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. 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. All content is for educational purposes only. An annuity is a fixed amount of money paid to you from an insurance firm. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. At Annuity Gator, we take the frustration out of shopping for annuities. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. Unlike most of the top ten best life insurance companies weve rated thus far, EquiTrust Life is more of a niche insurer, meaning they definitely have a specialty and dont stray far from it. However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. Working with an adviser may come with potential downsides such as payment of fees (which will No separate claims reporting hotline. Our opinions are our own. Law360 (February 15, 2018, 8:39 PM EST) -- EquiTrust Life Insurance Co. was hit with a putative class action in Florida federal court Wednesday by two policyholders who claim the company charges . Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. Get a D&B Hoovers Free Trial. The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. Agent Pay Is Built Into the Policy. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. FBL Financial Group - Wikipedia You should not rely upon forward-looking statements as predictions of future events. 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 . 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. Complete the financial statements using software from an approved vendor. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. 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. Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). No flexibility and no interest in promoting anyone who won't play their mean girl games. platform based on information gathered from users through our online questionnaire. Call Sales Support. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. Account Options. Annuity Reviews Database of Over 300+ Reviews | Annuity Gator 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 website also does not provide important information about claims processing. According to the lawsuit, EquiTrust designed a . All insurance rates, products, and services are presented without warranty and guarantee. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. . COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. EquiTrust Life Insurance Company - BestLifeRates.org 2020 Annual Report to Stockholders. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. This rating has decreased by -9% over the . Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. Your personal tax advisor can provide important . U.S. Industry Overview & Market Statistics: JOHN HANCOCK LIFE INSURANCE COMPANY U.S.A. BLUE CROSS & BLUE SHIELD OF NORTH CAROLINA, EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? Annual Reports. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. Files on this page are PDF. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. 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. We update our site regularly, and all content is reviewed by insurance experts. So, is this a brand you and your family can trust for years to come? 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). Strong financial stability. EquiTrust Life Variable Account . SmartAsset does not It is built on the understanding that competitive returns and minimal taxation are . Reviews are posted at the request of readers so they could see an independent perspective when breaking down the positives and negatives of specific annuity contracts. EquiTrust SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is 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 is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. 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. Choices. Allstate Corporation - AnnualReports.com Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer.