Years in Business: 10. Business Started: 8/1/2012. When evaluating rates, please verify directly with your insurance company or agent. This material is not intended to provide investment advice to . The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. Call (866) 598-3694. 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. Transmit your filing to the NAIC via the Internet. reduce returns). 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. The Certainty Select Annuity is EquiTrusts MYGA product. administrators. 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? These include: While all of EquiTrusts policies can help you increase your wealth, each is unique. 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. An annuity is a fixed amount of money paid to you from an insurance firm. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. No online claims reporting option. A glossary of insurance terms and definitions. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. Our insurance industry partnerships dont influence our content. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. Permission and instructions to access this system can be obtained from the SmartAsset access control By continuing to access this system you acknowledge you are aware of and agree to these terms. However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. At the annual or special meeting of shareholders, a majority of the shares entitled to vote, represented in person or by proxy, constitute a quorum for . Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. Your personal tax advisor can provide important . 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. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. The main customer focus of EquiTrust is retirees and those who are approaching retirement. The company also offers roadside assistance and ridesharing coverage options. EquiTrust Life Insurance review. Today, this company holds north of $17 billion in assets under management. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. (See more.) Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. EquiTrust allows customers to file claims via email, fax, or phone. 1. Official website is sorely lacking. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. BestLifeRates.org, LLC. Documents exposed by various committee workgroups. Call Sales Support. Form Date Form Name Number Line Of Business; 2021/10/01: 1035 Exchange Instructions: 436-830.pdf: Annuity: 2011/04/01: 1-Year Avg Participation Index Account Specimen EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. West Des Moines, IA. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. Violators can and will be prosecuted to the full extent Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. 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. Our three-year blueprint for the future shows the way toward building on existing strengths. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. As always, conduct your own research on a variety of carriers before signing any paperwork. property-casualty insurance companies for a management fee. Avi Shekhtman Read more by Avi Shekhtman. EquiTrust specializes in life insurance. Description. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. 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. Our annuity experts are also available to answer any of the question or concerns that you may have, whether you are just starting to shop for an annuity, or youve owned one for some time and you want to ensure that its still performing the way it was meant to. FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. Title. Two multi-asset, risk-controlled index options provide an extra level of diversification. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. Dina Vince Head of Investor Relations, Sapiens. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Research and analysis on important insurance issues. Are cheaper life insurance policies available? EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. 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. That just isnt up to par with other insurance companies around today. We're dedicated to providing you with new financial ideas to help meet your specific needs. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. In addition, FBL manages all aspects of two Farm Bureau affiliated. Allstate Corporation has reached its limit for free report views. However, the insurance companys rating through A.M. Best is noticeably lower than many other modern carriers, despite them being known for having reputable financial strength. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. An optional terminal illness rider may be added for an additional premium cost. Our principal business is offering life insurance policies and annuity contracts. 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. All investing involves risk, including loss of . EquiTrust Life Annuity Account - SEC.gov. 4.0 . 2023, Consumer Agent Portal, LLC. PA 2700-FM-AQ0021 2007 . 10,000+ Employees. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. 24 reviews. Main customer service and claims reporting hotline has the following hours restrictions: Income tax-free benefits for beneficiaries, Approval based on medical questions but no exam required. Advertiser Disclosure: We strive to help you make confident insurance decisions. Today, this company holds north of $17 billion in assets under management. 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. Financial Ratings. Call Sales Support. This is the EquiTrust Life Insurance Company company profile. Plus, there are tax advantages to owning a fixed annuity. We do not manage client funds or hold custody of assets, we help users connect with relevant financial Equitrust was a great company at one time. 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. (816) 783-8600. Personalized Illustrations. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. Keep reading to learn more about this company and what it can offer you. If you dont want to worry about missing a payment on your life insurance, you may be intrigued by EquiTrusts WealthSure Life insurance policy. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. Comparison shopping should be easy. ]]> 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. For customers who arent as familiar with insurance companies respective reputations, A.M. Bests ratings system allows them to make an informed decision about who they can trust to meet their needs in the short term, and also to remain a strong, financially sound company in the long term. OMB Number: 3235-0729 . Quotes and offers are not binding, nor a guarantee of coverage. At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. Most of the time, you'll see your account growing in value. 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. The insurance company does not list their official claims process on their website beyond how to file. FBL Financial Group, Inc. is a financial services holding company, headquartered in West Des Moines, Iowa, and traded on the New York Stock Exchange under the symbol FFG. Today it has grown into a global brand with an entire team of passionate researchers, writers, and insurance professionals continuing the original mission Chris set out with: to make insurance simple. However, the carrier does not provide a specific claims response timeframe promise. Subject to IRS daily maximum. platform based on information gathered from users through our online questionnaire. at 866-598-3694 or visit the Agent. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. Files on this page are PDF. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. Full-Time. from WalletHub and across the web. Prior to August 2, 2013, the Company, formerly known as Sun Life Assurance Company of Canada (U.S.) (SLUS), was a member of the Sun Life Financial insurance holding company system. Sales Week: EquiTrust ads bring business to your doorstep or inbox. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. You can selectively provide your consent below to allow such third party embeds. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. 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. 3. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. AnnuityGator. 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. Offers life insurance and annuities. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. SEC CIK #0001054501. 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. 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. Applicant ages generally range between 60-80. SmartAsset does not By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. Leave us a note in the comments - we love everything insurance! The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. Click to subscribe for email notifications of new items posted to this page. 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. . //-->