As of 2020, the insurance company has a reported $20.7 billion in total assets. EquiTrust has primarily focused on two main product lines: These are the two most common products with any life insurance carrier, since annuities and life insurance somewhat go hand-in-hand. SmartAssets 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. In return, the client receives an instantly leveraged death benefit with long-term growth potential. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. It includes a death benefit, as well as a nursing home waiver. Atlanta Life Insurance - Atlanta Life Insurance 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. Annual Reports. 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. document.write((new Date()).getFullYear()); (816) 783-8400, For questions about the database & electronic filing: We have the right one for you. Find contact information for insurance departments and local insurance agents, or file a complaint. Agent Pay Is Built Into the Policy. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online 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. 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. The Life and Annuity Claims Manager is responsible for management, leadership and oversight of the Life and Annuity Claims Department overseeing death and contractual living benefits processing team. As a result of hard work and talented people, we are doing well. reduce returns). Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. Complete the financial statements using software from an approved vendor. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. Nothing on this website is a recommendation to buy or sell an annuity. There are many reputable life insurance companies in the market today that sell a wide variety of policies. Marketing & Admin News. Click the button below to request a report when hardcopies become available. EquiTrust Agent Portal Contract E-Delivery is Here! Annuity Reviews Database of Over 300+ Reviews | Annuity Gator Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. 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. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: Their life insurance policies come with the following perks: Your independent insurance agent can help you find out more about EquiTrusts life insurance policies, as well as their other products. Everything I learned was self taught with demanding deadlines and being understaffed in our department. EquiTrust Life Insurance Company is a national carrier of competitive, client-friendly annuity products sold through a variety of distribution channels, including more than 20,000 independent . 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. Report Locked. Allstate Corporation has reached its limit for free report views. Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. EquiTrust Agent Portal Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. Forms are available on the website to make claims filing easier. All insurance rates, products, and services are presented without warranty and guarantee. SEC CIK #0001054501. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. 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. At Annuity Gator, we take the frustration out of shopping for annuities. 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. Here, for instance, the ChoiceFour Annuity features a one-year annual reset interest rate, and a choice of four different contract variations, including a(n): For more details on the EquiTrust Choice Four annuity, go HERE. EquiTrust Client Portal Compare Quotes From Top Companies and Save. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . Mark Willoughby, CPA - AVP Internal Audit - EquiTrust Life Insurance It is extremely important that all filings are accurate, complete, and timely. And the bonus isn't just in the name. //-->Class Action Launched Against EquiTrust Life Insurance Company Its A+ rating through the BBB is impressive, though. Nursing Home and Terminal Illness Waivers. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. EquiTrust Life Insurance Company 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. American Republic - About Us 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. Tabares et al v. Equitrust Life Ins. Co. - United Policyholders A+ (excellent) rating by Better Business Bureau (BBB). EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. from WalletHub and across the web. Licensed Insurance Agent. The Certainty Select Annuity is EquiTrusts MYGA product. Columbus, Ohio Area. EquiTrust Agent Portal EquiTrust Life Insurance Company . 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 . 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 Chris Huntley Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . 1.9. Below are the most recent examination reports for each insurance company listed. 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 Life Insurance Company Reviews - Glassdoor / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. No online claims reporting option. 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. Answers regarding health care law and insurance. Earvin Magic Johnson's Equitrust funds over $100 million for minority The main customer focus of EquiTrust is retirees and those who are approaching retirement. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. No separate claims reporting hotline. 54% of EquiTrust Life Insurance employees are women, while 46% are men. Its a single premium payment, just like the others, but the premiums paid go toward an annuity, which, in turn, will pay out the life insurance premiums over time. 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. Choices. Strong financial stability. 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 Allstate Corporation. at 866-598-3694 or visit. Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP EquiTrust Life Insurance Company. You will also need to make a payment of at least $10,000. If you do not have permission, continuing to attempt to access this site and its resources This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. This material is not intended to provide investment advice to . 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 . Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. Magic Johnson adds life insurance co. to empire - USA TODAY EquiTrust - Overview, News & Competitors | ZoomInfo.com These policies are single-premium, and you must pay at least $10,000 to activate your policy. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. Consumers should always request life insurance quotes from at least three companies to ensure that they are picking the best policy for their coverage needs. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. EquiTrust Life Insurance Company Employee Reviews in West Des - Indeed West Des Moines, IA. 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. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. 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. Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. platform based on information gathered from users through our online questionnaire. PDF Examination Report of Delaware Life Insurance Company As of December 31 Plus, there are tax advantages to owning a fixed annuity. FBL Financial Group Inc. - AnnualReports.com Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. 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. Industry Financial Filing - National Association of Insurance Commissioners 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. A Name You Can Trust. Professional development for state insurance regulators and industry professionals. EquiTrust Life will provide a 12 percent bonus paid over three years. 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. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. EquiTrust cannot give legal, tax or accounting advice. 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 Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. 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 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. Guggenheim Partners - Wikipedia provides independent information for the purpose of providing consumers insight into obtaining the best life insurance coverage from the best life insurance company they could obtain, subject to underwriting. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. Equitrust Life Insurance Company Inc - Dun & Bradstreet Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. 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. The carrier does have a couple of decades worth of experience under its belt in the industry now, and has a high rating through the BBB. If you put $100,000 into an annuity, you'll see $100,000 on your statement. Copyright 2023 BestLifeRates.org, LLC. 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. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. As you can see, because of the advanced nature of their life insurance products, EquiTrust is not commonly used for basic life insurance coverage, such as term life insurance. EquiTrust Life Insurance Review - Good Financial Cents Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. Equitrust ChoiceFour Annuity | 2.25% Rate - The Annuity Expert EquiTrust Life Insurance Company 2023 Ratings We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. Transmit your filing to the NAIC via the Internet. This policy stands apart because it is the combination of a life insurance policy and an annuity. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. EquiTrust Life Insurance Company Review - TrustedChoice.com Advertiser Disclosure: We strive to help you make confident insurance decisions. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! BBB File Opened: 8/13/2012. PDF MARKETTWELVE BONUS INDEX - ImmediateAnnuities.com You can even use life insurance to provide yourself with more financial security while youre alive. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. This is the EquiTrust Life Insurance Company company profile. Our principal business is offering life insurance policies and annuity contracts. What life insurance products does the EquiTrust Life Insurance Company offer? View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. The Life and Annuity Claims Manager is responsible for management, leadership and oversight of the Life and Annuity Claims Department overseeing death and contractual living benefits processing team. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. I started Insurance Blog by Chris because I have a passion for insurance. EquiTrust Life Insurance has 125 employees. . The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%).
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