You can also request a quote from the company online. By continuing to access this system you acknowledge you are aware of and agree to these terms. Independent Review of EquiTrust Life Insurance Company EquiTrust, which was recently bought in October of 2011 by Guggenheim Partners, LLC., a global investment and advisory institution, is a growth-minded retirement and legacy-focused life insurance company. Vice President of Sales and Marketing. Call Sales Support. 1.9. Carol Woodruff - Vice President, Information Systems - EquiTrust Life EquiTrust Agent Portal 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. EquiTrust earns this recognition for performance from 2017 through 2021. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. 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? 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. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. 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. If you do not have permission, continuing to attempt to access this site and its resources Columbus, Ohio Area. 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. EquiTrust Client Portal Save my name, email, and website in this browser for the next time I comment. A+ (excellent) rating by Better Business Bureau (BBB). ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin Nothing on this website is a recommendation to buy or sell an annuity. 4.0 . 2021 Annual Report to Stockholders. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. 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. 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. You can selectively provide your consent below to allow such third party embeds. Records required to be maintained according to the Company's record retention policy, include policyowner files, orders for fund shares, daily unit value computations, bank account records, reconciliation and . Earvin Magic Johnson's Equitrust funds over $100 million for minority Description. Tap into the digital era and reimagine your engagement with customers, the visibility you provide to agents and brokers, and the agility and flexibility with which you manage your business. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . at 866-598-3694 or visit the Agent. Its A+ rating through the BBB is impressive, though. Guggenheim Partners - Wikipedia A relative newcomer to the insurance industry, EquiTrust was established in 1996. FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. Plus, there are tax advantages to owning a fixed annuity. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. Exclusive, industry-focused manuals, data, and more. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. 54% of EquiTrust Life Insurance employees are women, while 46% are men. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. administrators. In 2016, EquiTrust surpassed $17 billion in total assets. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. 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. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. Years in Business: 10. Business Started: 8/1/2012. EquiTrust - Overview, News & Competitors | ZoomInfo.com The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. Access to every published model law, regulation, and guideline. Our insurance industry partnerships dont influence our content. Licensed Insurance Agent. The insurance company does not list their official claims process on their website beyond how to file. Before purchasing any investment product be sure to do your own due diligence and consult a properly licensed professional should you have specific questions as they relate to your individual circumstances. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. 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. 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. Applicant ages generally range between 60-80. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! Keep reading to learn more about this company and what it can offer you. is in violation of the regulations of this system. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. EquiTrust Cons: Not a BBB accredited company. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. 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. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Contract E-Delivery is Here! Dina Vince Head of Investor Relations, Sapiens. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! 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 Review - Good Financial Cents EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub About Us. 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. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. Allstate Corporation - AnnualReports.com Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. We're dedicated to providing you with new financial ideas to help meet your specific needs. Quotes and offers are not binding, nor a guarantee of coverage. 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. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . EquiTrust Life Insurance Company Reviews - Glassdoor 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. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Working at EquiTrust Life Insurance Company: 17 Reviews Access public conference call documents and information. Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). When evaluating rates, please verify directly with your insurance company or agent. EquiTrust Life Insurance Company. Annual Reports | Financial Information | Investor Relations With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. Compound annual growth in premiums between -10% and +40% . EquiTrust Values. The company also has proven that its products can help consumers leave behind an immense financial gift for their loved ones and bring financial security to their own lives. Your email address will not be published. Explore our open opportunities for your chance to join our team. 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 .