equitrust life insurance company annual report

In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Surrender Charge. Avoid market losses - guaranteed. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. The third, named WealthPay LifeTM, is really a combination product. We have the right one for you. . No official claims response timeframe promise. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. 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. Our three-year blueprint for the future shows the way toward building on existing strengths. 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. 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. Revenue: $100 - $500 million See Exact Annual Revenue: 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. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. Company number. Surrender charges may vary by state. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. So, you can be sure that you and your spouse, partner, or other loved one can rely on income for the remainder of both of your lifetimes. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! I was hired just before the annual reporting with little to no training or guidance from management. Save my name, email, and website in this browser for the next time I comment. ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online Explore our open opportunities for your chance to join our team. 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 guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. 24 reviews. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. For more information visit https://www.EquiTrust.com. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. services are limited to referring users to third party advisers registered or chartered as fiduciaries (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: 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. 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. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. 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. The experience at EquiTrust varies depending on what department you work in. There are many reputable life insurance companies in the market today that sell a wide variety of policies. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Documents exposed by various committee workgroups. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. Market Ten Bonus Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating.. Plus, there are tax advantages to owning a fixed annuity.. And the bonus isn't just in the name. Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. For this particular review, well focus just on the life insurance side of things: With a focus on accumulation and leverage, EquiTrusts life insurance products are aligned to help consumers utilize their current cash or cash flow for growth with the future in mind. 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? Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) Nothing on this website is a recommendation to buy or sell an annuity. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. Report Date: July 1, 2022 Company Count: 385 COMPANY NAME NAIC# PHONE# 4 Ever Life Insurance Company 80985 2 Mid America Plaza, Suite 200 Oakbrook Terrace IL 60181-4712 8889234227 . Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . Report Flag as Inappropriate. 2021 Annual Report to Stockholders. The rating was last updated on 09/09/2022. Applicant ages generally range between 60-80. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. With solid core values of integrity, leadership, accountability, teamwork, and passion, EquiTrust is certainly worth looking into if their product suite aligns with your financial needs and lifestyle. Reviewed by Advertiser Disclosure: We strive to help you make confident insurance decisions. 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. The NAIC will be working to ensure that companies have complied with electronic filing requirements and financial reporting requirements contained in the Blanks, Annual Statement Instructions and Purposes and Procedures Manual of the NAIC Investment Analysis Office,and any data validation failures are resolved. Additional information. This is a single-premium whole life insurance policy, which means that youll only need to make one payment to keep the policy active for your lifetime. Compound annual growth in premiums between -10% and +40% . Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. It is built on the understanding that competitive returns and minimal taxation are . In return, the client receives an instantly leveraged death benefit with long-term growth potential. of the law. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. The phoneline contact option is offered at restricted hours, Monday-Friday. 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. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. EquiTrust Life Insurance Company . EquiTrust Life Insurance Company 2022 Ratings. 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. At Annuity Gator, we take the frustration out of shopping for annuities. Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of EquiTrust Life Insurance Company, Independent Review of the EquiTrust Choice Four Fixed Annuity, Independent Review of the EquiTrust Certainty Select MYGA Annuity. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. In addition, premiums paid into the policy at approval see a 12% bonus immediately. Are Any of These Annuities Right for You? Client-Use Renewal-Rates Flyer. Two multi-asset, risk-controlled index options provide an extra level of diversification. 2023, Consumer Agent Portal, LLC. Offers life insurance and annuities. EquiTrust currently offers three life insurance products. Insurtech Customer Success Stories; With Xceedance, Sapiens, Opal, and CommBox, SAPIENS REPORTS Q4 AND FULL YEAR 2022 FINANCIAL RESULTS, South African Insurer Hollard Group Risk Implements Sapiens for Complete Core Transformation for Life & Pensions, How to make insurance appealing to millennials, Gen Z, MS Amlin Insurance Selects Sapiens for Transformation of its Commercial Lines Operations across Multiple Countries. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. A vast majority (over 95%) of these assets are considered investment grade, though . 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. Official website is sorely lacking. 2. EquiTrust Life Insurance review. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. It is extremely important that all filings are accurate, complete, and timely. Sapiens not only provides a wide array of best-of-breed solutions, but we also truly understand our customers operational goals and are committed to delivering best-in-class solutions, seamlessly to drive growth and deliver value. investor.relations@brighthousefinancial.com. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. 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. 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. EquiTrust specializes in life insurance. Comparison shopping should be easy. Site features products, a retirement center offering financial strategies, and a press room. reduce returns). Although not a giant, household name, EquiTrust Life Insurance Company has held a steady place within the life insurance industry since 1996, namely for its suite of indexed products. For more information on how we're paid, click our link below.Full Disclosure. existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. Account Options. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. 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. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. EquiTrust Life Insurance Company. Subject to IRS daily maximum. 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. Plus, there are tax advantages to owning a fixed annuity. And the bonus isn't just in the name. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. 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. 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. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. 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. With such policies, your loans, withdrawals, and surrenders are taxed as income first and could be subject to an additional federal tax penalty of 10% if made before the age of 59. Financial Internet Filing Online User's Guide, For questions about statement filing: 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. Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). Transmit your filing to the NAIC via the Internet. Product not available in all states or may vary by state. September 9, 2022 @sherylwilliams_email. No online claims reporting option. 2021 Annual Report to Stockholders 1.5 MB. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. Access technology tools and resources for U.S. insurance regulators. 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 Life Insurance Company was purchased by Guggenheim Partners in 2011. The Certainty Select Annuity is EquiTrusts MYGA product. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. Chris Huntley SmartAssets 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. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. Have a question or request? Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Compare Quotes From Top Companies and Save. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Have questions about any kind of insurance? Independent insurance agents can help make customer service easier for you by handling claims and other concerns. 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. No matter what type of insurance you're looking for, you'll find the peace of mind you need. Access to every published model law, regulation, and guideline. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. Our goal is to be an objective, third-party resource for everything insurance related. 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. This rating has decreased by -9% over the . In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. Declining surrender charge, based on 9-year schedule. According to the lawsuit, EquiTrust designed a . Complete the financial statements using software from an approved vendor. . Below are the most recent examination reports for each insurance company listed. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. 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. A relative newcomer to the insurance industry, EquiTrust was established in 1996. 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. All rights reserved. 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 offers just one phoneline for all customer inquiries. However, the insurance company is not accredited through the BBB. 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. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. You can also request a quote from the company online. In 2016, EquiTrust surpassed $17 billion in total assets. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. 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. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. Quotes and offers are not binding, nor a guarantee of coverage. 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. A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. Its A+ rating through the BBB is impressive, though. A Name You Can Trust. Violators can and will be prosecuted to the full extent Type of Entity: Corporation. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion.