Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. When evaluating rates, please verify directly with your insurance company or agent. Here at the blog, our job is to educate and inform people about the best insurance for them. 2023, Consumer Agent Portal, LLC. The Product not available in all states or may vary by state. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. If you dont want to worry about missing a payment on your life insurance, you may be intrigued by EquiTrusts WealthSure Life insurance policy. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. Title. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. Annuity News. Size and financial strength arent big stand-out factors for this provider, but their unique line of insurance products gives this specialty company a solid niche market to work with for years to come. EquiTrust cannot give legal, tax or accounting advice. Declining surrender charge, based on 9-year schedule. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. Keep reading to learn more about this company and what it can offer you. 1.9. However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. Compound annual growth in premiums between -10% and +40% . EquiTrust Values. The Certainty Select Annuity is EquiTrusts MYGA product. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Only dismal customer reviews spotted across the web. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . Customers have reported frustration with having claims answered and processed within a reasonable timeframe. All rights reserved. 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. The EquiTrust Life Insurance Company ratings indicate that this company will have . This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. Company number. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. Personalized Illustrations. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. SEC CIK #0001054501. Answers regarding health care law and insurance. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. EquiTrust specializes in life insurance. Site features products, a retirement center offering financial strategies, and a press room. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. . According to the lawsuit, EquiTrust designed a . Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. So lets examine these policies closely to discover which one could be the best fit for your needs. administrators. 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. Access to every published model law, regulation, and guideline. OMB Number: 3235-0729 . For questions regarding cocodes please call us at: 816-783-8600. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! The more quotes you compare, the more chances to save. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. Below are the most recent examination reports for each insurance company listed. Licensed Insurance Agent. All insurance rates, products, and services are presented without warranty and guarantee. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! 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. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. Vice President of Sales and Marketing. Our three-year blueprint for the future shows the way toward building on existing strengths. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. 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. 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). 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. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. This is not an offer to buy or sell any security or interest. These policies are single-premium, and you must pay at least $10,000 to activate your policy. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. Insurtech Customer Success Stories; With Xceedance, Sapiens, Opal, and CommBox, SAPIENS REPORTS Q4 AND FULL YEAR 2022 FINANCIAL RESULTS, South African Insurer Hollard Group Risk Implements Sapiens for Complete Core Transformation for Life & Pensions, How to make insurance appealing to millennials, Gen Z, MS Amlin Insurance Selects Sapiens for Transformation of its Commercial Lines Operations across Multiple Countries. You can check out all of the benefits of the Confidence Income Annuity HERE. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin EquiTrust allows customers to file claims via email, fax, or phone. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. Adviser or provide advice regarding specific investments. 3. Nothing on this website is a recommendation to buy or sell an annuity. 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. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Overview. Mark is a former Big 4 auditor with 10 plus years of public/private experience in audit within a variety of industries: manufacturing/consumer products/insurance/financial services. Our founder was born into slavery and grew 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. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. Counsel for plaintiffs in the case described the decision this way: "In Tabares v. EquiTrust Life Insurance Company, a class of deferred annuity purchasers alleged that although EquiTrust promised them a 10% premium bonus if they purchased one of its deferred annuities, it simply offset the amount of the bonus through lower annual rates. In June 2015, Magic Johnson Enterprises became the majority shareholder, making EquiTrust Life Insurance one of the largest minority-owned life insurance company in the history of the country at $25.7 billion in assets. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. 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. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. No separate claims reporting hotline. Weve researched and reviewed hundreds of annuities over the years, and we continue to add new information to our annuity review database, which can be accessed at no cost anytime. 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. Discover our framework to drive change and promote accountability in our workplace. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is If youre looking for a way to convert a large sum of money like a 401(k) or IRA balance into an ongoing income stream that begins right away, the Confidence Income Annuity from EquiTrust could be a viable option. PA 2700-FM-AQ0021 2007 . 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. The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. ChoiceFour from EquiTrust Life Insurance Company is a tax-deferred annuity featuring competitive one-year renewable interest rates, access to your money, and protection of your principal.. The website also does not provide important information about claims processing. Report Flag as Inappropriate. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) Please read the risks discussed under the heading Risk Factors in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. I started Insurance Blog by Chris because I have a passion for insurance. Description. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. For this reason, theyre not suitable to meet everyones insurance needs. Should you feel confident pursuing EquiTrust for your insurance needs? Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. Active CPA and . With so many great options on the table, it can be difficult for consumers to find the best policy out of the bunch. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. Equitrust Life Insurance Co is a incorporated in the state of Iowa. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. . Jun 2022 - Present10 months. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. 4.0 . sherylwilliams_email. services are limited to referring users to third party advisers registered or chartered as fiduciaries We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. Compare Quotes From Top Companies and Save. EquiTrust Life Variable Account . As of 2020, the insurance company has a reported $20.7 billion in total assets. Forms are available on the website to make claims filing easier. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. EquiTrust Life Insurance review. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. This information is designed to help you with your decision-making, and it is not intended to provide advice. Membership lists, services and education to serve you and your mission. Professional development for state insurance regulators and industry professionals. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 Click the button below to request a report when hardcopies become available. 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.

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