A vast majority (over 95%) of these assets are considered investment grade, though . For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Who owns the EquiTrust Life Insurance Company? If you have any questions or concerns regarding your EquiTrust account, you can call 866-598-3692 or submit a message via an online form. Dina Vince Head of Investor Relations, Sapiens. Based in Northbrook, Illinois. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers digital transformation. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. When evaluating rates, please verify directly with your insurance company or agent. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. sherylwilliams_email. 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 . More. We administer financial products for retirees, and Sapiens solution delivers a superior agent experience to market complex financial products that help protect our growing senior population.. Learn more Arizona Department Of Insurance 2012/2013 Annual. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. BestLifeRates.org, LLC. This information is designed to help you with your decision-making, and it is not intended to provide advice. Financial Ratings. property-casualty insurance companies for a management fee. Call Sales Support. Our insurance industry partnerships dont influence our content. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Discover tools and resources to help you understand different types of insurance, claims processes, and practical tips to help support you through every stage of your life. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. 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 . Compound annual growth in premiums between -10% and +40% . The experience at EquiTrust varies depending on what department you work in. View contracts online. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! For financial reporting, their fiscal year ends on December 31st. Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. Subject to IRS daily maximum. 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. Official website is sorely lacking. 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. Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. 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. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. Membership lists, services and education to serve you and your mission. 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. On Tuesday, MJE, which Johnson founded in 1987, said it completed its planned acquisition for a "majority, controlling interest" in EquiTrust Life Insurance Company, which manages $14.5 billion in . Two multi-asset, risk-controlled index options provide an extra level of diversification. EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. You can even use life insurance to provide yourself with more financial security while youre alive. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. These discounts often include: Your independent insurance agent can help you find more information on exact discounts offered by EquiTrust and additional ways to save money through the insurance company, helping you to get the most bang out of your buck on coverage. EquiTrust Life Insurance Company. No separate claims reporting hotline. And just . Click the button below to request a report when hardcopies become available. 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. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. Leave us a note in the comments - we love everything insurance! Offers life insurance and annuities. The website also does not provide important information about claims processing. 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. 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 carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. Select a state or jurisdiction for insurance department contact information. EquiTrust Life Insurance Company . A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. Client-Use Renewal-Rates Flyer. 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. EquiTrust, while not a large insurance company by industry standards, has a unique set of products to fit investment-minded individuals approaching or in retirement. Declining surrender charge, based on 9-year schedule. As of 2020, the insurance company has a reported $20.7 billion in total assets. Have a question or request? The phoneline contact option is offered at restricted hours, Monday-Friday. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. What You Need to Know About the EquiTrust Life Insurance Company, The EquiTrust Life Insurance Company is over 20 years old, EquiTrust only sells whole life insurance policies, EquiTrust life insurance policies can increase your cash flow. 3. The EquiTrust Life Insurance Company ratings indicate that this company will have . Its virtually impossible to find any customer reviews above a 1-star rating anywhere on the web, which says a ton about the carriers customer service practices. Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. 2. While EquiTrusts ratings could be better (they are currently ranked as a BBB+ by Standard & Poors, and as a B++ by A.M. Best Company), the company has nearly $19 billion in invested assets and has a solvency ratio of just under $105. Founder of Huntley Wealth & Insurance Services. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. 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. Title. EquiTrust Life Insurance Company 2022 Ratings. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. Links for Internet Filing are provided to the right. All content is for educational purposes only. No matter what type of insurance you're looking for, you'll find the peace of mind you need. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. 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. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . review the ongoing performance of any Adviser, participate in the management of any users account by an Many customers also trust EquiTrust to handle retirement income or wealth transfer. The EquiTrust Life Insurance Company may only be 25 years old, but its ratings indicate that purchasing a policy from this company could be a good investment for some consumers. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. It includes a death benefit, as well as a nursing home waiver. For this reason, theyre not suitable to meet everyones insurance needs. The EquiTrust Life Insurance Company has changed hands many times, but it has never faltered in its mission to provide high-quality life insurance products and annuities. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. Privacy Policy. 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. of the law. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. Copyright 2023 BestLifeRates.org, LLC. Working with an adviser may come with potential downsides such as payment of fees (which will As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife.

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