Founder of Huntley Wealth & Insurance Services. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions our lengthy and complex sales cycles, which do not always result in the realization of revenues the degree of our success in retaining our existing customers or competing effectively for greater market share difficulties in successfully planning and managing changes in the size of our operations the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream the challenges and potential liability that heightened privacy laws and regulations pose to our business occasional disputes with clients, which may adversely impact our results of operations and our reputation various intellectual property issues related to our business potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers systems risks related to the insurance industry in which our clients operate risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations in currency exchange rates and risks related to our principal location in Israel and our status as a Cayman Islands company. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. However, the insurance company is not accredited through the BBB. 2. The EquiTrust Life Insurance Company first opened its doors for business in 1996. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. We do not manage client funds or hold custody of assets, we help users connect with relevant financial All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. 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. 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. EquiTrust Life Insurance Company. At the end of the day, all the financial strength in the world cant make up for an insurance company that fails to cater to its customers. Plus, there are tax advantages to owning a fixed annuity. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: 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. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. Must pass suitability requirements. The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. Allstate Corporation has reached its limit for free report views. The third, named WealthPay LifeTM, is really a combination product. 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. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) The NAIC Financial Data Repository (Database) is updated every year by the National Association of Insurance Commissioners (NAIC) on behalf of and at the direction of itsmembers, the state insurance commissioners. 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. 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. Get your Bridge toolkit today. Choices. 10 of the Most Senseless Deaths of All Time, 5 Critical Tips Before You Buy Life Insurance, 5 Ways To Prepare Your Home For Wildfires, 7 Benefits of Life Insurance for the Wealthy, 8 Types Of Homeowners Insurance Policies, Massachusetts Mutual Life Insurance Review, Northwestern Mutual Life Insurance Review. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. 10,000+ Employees. 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. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. 1.9. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. administrators. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. According to the lawsuit, EquiTrust designed a . 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. We also use content and scripts from third parties that may use tracking technologies. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. Our founder was born into slavery and grew Domestic and international policy and outreach initiatives. sherylwilliams_email. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. 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. 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. is in violation of the regulations of this system. 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.. Award-Winning Sales Intel. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. If, however, the underlying performs poorly in a given period, there are no losses to your account. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. 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 . Client-Use Renewal-Rates Flyer. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! 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. This is not an offer to buy or sell any security or interest. 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. 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. 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. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. SmartAssets As a result of hard work and talented people, we are doing well. Participation in the Database provides essential data for the Insurance Regulatory Information System (IRIS) Financial Ratio Reports, risk-based capital analysis, and other solvency-related reviews of individual companies, including reporting compliance and financial analysis. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. Compound annual growth in premiums between -10% and +40% . However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. Reviews are posted at the request of readers so they could see an independent perspective when breaking down the positives and negatives of specific annuity contracts. 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. 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. Strong financial stability. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. 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. At Annuity Gator, we take the frustration out of shopping for annuities. Call Sales Support. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. Today, this company holds north of $17 billion in assets under management. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. A Name You Can Trust. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. No online claims reporting option. Learn more Arizona Department Of Insurance 2012/2013 Annual. Agent Pay Is Built Into the Policy. I started Insurance Blog by Chris because I have a passion for insurance. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. Who owns the EquiTrust Life Insurance Company? Applicants must be between 60 and 80 to apply for this policy, which also features an Accelerated Death Benefit Rider, flexible premium allocation, and index credits. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. 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. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. We're dedicated to providing you with new financial ideas to help meet your specific needs. Compare Quotes From Top Companies and Save. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. A vast majority (over 95%) of these assets are considered investment grade, though . The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. It includes a death benefit, as well as a nursing home waiver. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. 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. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. Company number. Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. By continuing to access this system you acknowledge you are aware of and agree to these terms. For example, there is no outline of an official claims process or claims response timeframe to be found. 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. 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. 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. 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 . Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. advisors. Call (866) 598-3694. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. An optional terminal illness rider may be added for an additional premium cost. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. So, feel free to reach out to us by phone at (888) 440-2468, or via email through our secure online contact form and schedule a time to chat with us. Jun 2022 - Present10 months. No matter what type of insurance you're looking for, you'll find the peace of mind you need. You can selectively provide your consent below to allow such third party embeds. However, the carrier does not provide a specific claims response timeframe promise. Answers regarding health care law and insurance. A+ (excellent) rating by Better Business Bureau (BBB). Chris Huntley FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. The Certainty Select Annuity is EquiTrusts MYGA product. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . . Are Any of These Annuities Right for You? Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. No flexibility and no interest in promoting anyone who won't play their mean girl games. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. More. Copyright 2023 BestLifeRates.org, LLC. This policy stands apart because it is the combination of a life insurance policy and an annuity. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! Are cheaper life insurance policies available? You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Among the carriers consumers likely arent familiar with is EquiTrust Life Insurance Company, but this shouldnt be a deterrentwhen considering to do business with them. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. 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. This material is not intended to provide investment advice to . View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. SmartAsset does not So lets examine these policies closely to discover which one could be the best fit for your needs. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Most clients invest in an annuity to pursue accumulation or cash-flow goals. Click the button below to request a report when hardcopies become available. Click the button below to request a report when hardcopies become available. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. Offers life insurance and annuities. OMB Number: 3235-0729 . The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. EquiTrust Life Insurance Company . The website also does not provide important information about claims processing. 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. Active CPA and . Click to subscribe for email notifications of new items posted to this page. 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. 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 . You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. Site features products, a retirement center offering financial strategies, and a press room. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. Minimum Premium: $10,000 NQ/Q. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. 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. You will also need to make a payment of at least $10,000. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. Transmit your filing to the NAIC via the Internet. 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. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Have a question or request? Select a state or jurisdiction for insurance department contact information. These include: While all of EquiTrusts policies can help you increase your wealth, each is unique. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. 1. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach.