If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. 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. In June 2015, Magic Johnson Enterprises became the majority shareholder, making EquiTrust Life Insurance one of the largest minority-owned life insurance company in the history of the country at $25.7 billion in assets. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. EquiTrust allows customers to file claims via email, fax, or phone. Subject to IRS daily maximum. EquiTrust Life Insurance Company has been around since 1996. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. And the bonus isn't just in the name. 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 . EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. 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. Active CPA and . 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. 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. 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. . This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. Please read the risks discussed under the heading Risk Factors in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. EquiTrust Life Annuity Account - SEC.gov. Shopping for a company? reduce returns). Explore our open opportunities for your chance to join our team. Applicants must be between the ages of 45 and 80. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. 1991-2023 National Association of Insurance Commissioners. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Discover our framework to drive change and promote accountability in our workplace. A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. Our principal business is offering life insurance policies and annuity contracts. Term life insurance policies only last for a set number of years, but you can get an immense amount of coverage at a very low rate, as you can see here: Many insurance companies even offer term policies that can be converted into permanent coverage without the need to reassess your inseparability. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. Forms are available on the website to make claims filing easier. EquiTrust offers just one phoneline for all customer inquiries. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. In 2016, EquiTrust surpassed $17 billion in total assets. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: We also use content and scripts from third parties that may use tracking technologies. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. Report Flag as Inappropriate. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . 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. As of 2020, the insurance company has a reported $20.7 billion in total assets. Privacy Policy. In return, the client receives an instantly leveraged death benefit with long-term growth potential. However, what were most concerned with is whether or not an insurance company takes care of its hardworking customers and delivers on the coverage promises it makes. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. Client Brochure. Financial Statement Filing & Step Through Guide, Raymond G. 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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. 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. For more information visit https://www.EquiTrust.com. Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. Minimum Premium: $10,000 NQ/Q. Select a state or jurisdiction for insurance department contact information. at 866-598-3694 or visit the Agent. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. Company number. Based in Northbrook, Illinois. EquiTrust Life will provide a 12 percent bonus paid over three years. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. Contract E-Delivery is Here! EquiTrust currently offers three life insurance products. 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. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. 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. As always, conduct your own research on a variety of carriers before signing any paperwork. So lets examine these policies closely to discover which one could be the best fit for your needs. Equitrust Life Insurance Fast Facts. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Of course, with so many different life insurance carriers in the marketplace (in the hundreds these days), you should be evaluating the carrier you plan to work with way before signing any paperwork. Documents exposed by various committee workgroups. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC 28277 and, in New York only, by Brighthouse Life Insurance Company of NY, New York, NY 10017 (Brighthouse Financial). Transmit your filing to the NAIC via the Internet. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. It has also earned some pretty impressive accolades, including being recognized in 2017 and 2018 among the Wards 50 of top life and health insurance companies. The insurance companys official website could use a complete overhaul, and does not provide many customer service options todays insurance customers have come to expect such as online claims reporting or getting matched with an agent. Website at Agents.EquiTrust.com. 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. Questions? 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. document.write((new Date()).getFullYear()); NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. No online claims reporting option. If you are looking for a company that supports positive action, youll be pleased to know that EquiTrust actively engages with the surrounding area to make it a better place for all who live there. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . Financial Ratings. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Equitrust Life Insurance Co. Please fill out the form below and click "Place Order" to complete your order. With so many great options on the table, it can be difficult for consumers to find the best policy out of the bunch. Because of its high ratings, award-winning recognition, and impressive progression over time, EquiTrust Life Insurance Company has developed a reputation as a financially stable insurance company with a positive outlook for the future. Are Any of These Annuities Right for You? As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. Should you feel confident pursuing EquiTrust for your insurance needs? Annual Reports. If you put $100,000 into an annuity, you'll see $100,000 on your statement. SmartAsset does not 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. 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. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. Click the button below to request a report when hardcopies become available. This policy stands apart because it is the combination of a life insurance policy and an annuity. 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. Violators can and will be prosecuted to the full extent The experience at EquiTrust varies depending on what department you work in. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. Allstate Corporation. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. Our three-year blueprint for the future shows the way toward building on existing strengths. law requires a life insurance producer to submit a form and pay a fee within 30. It is built on the understanding that competitive returns and minimal taxation are . 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. Membership lists, services and education to serve you and your mission. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. A+ (excellent) rating by Better Business Bureau (BBB). This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. SEC CIK #0001054501. EquiTrust Life Insurance Company Reviews. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . Marketing & Admin News. Adviser or provide advice regarding specific investments. I started Insurance Blog by Chris because I have a passion for insurance. Account Options. An optional terminal illness rider may be added for an additional premium cost. 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. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. You should not rely upon forward-looking statements as predictions of future events. Click the links below for: Agent Guide. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. It includes a death benefit, as well as a nursing home waiver. Applicant ages generally range between 60-80. Comparison shopping should be easy. And just . sherylwilliams_email. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States 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. Overview. 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. 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. Posted: January 19, 2023. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. Law360 (February 15, 2018, 8:39 PM EST) -- EquiTrust Life Insurance Co. was hit with a putative class action in Florida federal court Wednesday by two policyholders who claim the company charges . Its A+ rating through the BBB is impressive, though. We do not manage client funds or hold custody of assets, we help users connect with relevant financial Strong financial stability. 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. There are many reputable life insurance companies in the market today that sell a wide variety of policies. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. 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. Everything I learned was self taught with demanding deadlines and being understaffed in our department. Access to every published model law, regulation, and guideline. Click the button below to request a report when hardcopies become available. Call Sales Support. 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. 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. Columbus, Ohio Area. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Website at Agents.EquiTrust.com. [CDATA[// >