equitrust life insurance company annual report

No online claims reporting option. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. The insurance company does not list their official claims process on their website beyond how to file. 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. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. It includes a death benefit, as well as a nursing home waiver. 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. However, the insurance company is not accredited through the BBB. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. EquiTrust allows customers to file claims via email, fax, or phone. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. That just isnt up to par with other insurance companies around today. 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. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Most of the time, you'll see your account growing in value. For financial reporting, their fiscal year ends on December 31st. The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. 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 . A financial services company newly renamed and offering individual and business life insurance, and annuities. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . And the bonus isn't just in the name. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. Documents exposed by various committee workgroups. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. If youre a consumer who only wants to work with financially strong companies, youll be pleased with the EquiTrust life Insurance Company financial ratings: Additionally, EquiTrust has an A+ from the Better Business Bureau. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. 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. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States EquiTrust Life Insurance Company has been around since 1996. 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 company also offers roadside assistance and ridesharing coverage options. 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. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. Access technology tools and resources for U.S. insurance regulators. If you put $100,000 into an annuity, you'll see $100,000 on your statement. Declining surrender charge, based on 9-year schedule. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . platform based on information gathered from users through our online questionnaire. Are Any of These Annuities Right for You? Years in Business: 10. Business Started: 8/1/2012. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. Account Options. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. 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. EquiTrust Life Insurance Company Reviews. At Annuity Gator, we take the frustration out of shopping for annuities. 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. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . Applicants must be between the ages of 45 and 80. Surrender Charge. Having a problem with an insurance company or agent? I was hired just before the annual reporting with little to no training or guidance from management. EquiTrust currently offers three life insurance products. For this reason, theyre not suitable to meet everyones insurance needs. Find contact information for insurance departments and local insurance agents, or file a complaint. Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. . Insurer Ratings and Better Business Bureau Grade. Click the button below to request a report when hardcopies become available. document.write((new Date()).getFullYear()); This rating has decreased by -9% over the . Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. (Annual sales and employees). We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. A relative newcomer to the insurance industry, EquiTrust was established in 1996. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. SEC CIK #0001054501. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. Domestic and international policy and outreach initiatives. 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. Violators can and will be prosecuted to the full extent Product not available in all states or may vary by state. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. For more information visit https://www.EquiTrust.com. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. This information is designed to help you with your decision-making, and it is not intended to provide advice. 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. This annuity features both single life and joint life payout options. review the ongoing performance of any Adviser, participate in the management of any users account by an Required fields are marked *. EquiTrust is a national carrier of competitive, client-friendly options, available through various distribution channels including more than 15,700 independent sales representatives and independent marketing organizations. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. A Name You Can Trust. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Growth is based on current interest. . 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. No flexibility and no interest in promoting anyone who won't play their mean girl games. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. View contracts online. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. You can selectively provide your consent below to allow such third party embeds. Raleigh, N.C., Jun21, 2022 Sapiens 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 . 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). Personalized Illustrations. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. 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. 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. Sales Week: EquiTrust ads bring business to your doorstep or inbox. We have the right one for you. Financial Statement Filing & Step Through Guide, Raymond G. Farmer Award for Exceptional Leadership, System for Electronic Rates and Forms Filings, Market Regulation and Consumer Affairs (D), Financial Regulation Standards and Accreditation (F), Innovation, Cybersecurity, and Technology (H), Market Conduct Annual Statement Blanks (D), Risk-Based Capital Investment Risk and Evaluation (E), Purposes and Procedures Manual of the NAIC Investment Analysis Office, Capital Adequacy (E) Task Force (Risk-Based Capital), Statutory Accounting Principles (SAP) (E) Working Group, Updates to the Accounting Practices & Procedures (AP&P) Manual, Financial Internet Filing Online User's Guide, industry-financial-filing-individual-remittance-advice.pdf, industry-financial-filing-combined-remittance-advice.pdf, industry-financial-filing-group-remittance-advice.pdf, 2022Annual 2023Quarterly Financial Statement Filing Deadlines, Annual, Quarterly, and Risk-Based Capital Approved Software Vendors, Formulas for Life, Health & Annuity Guaranty Association Assessable Premium Exhibit Part 2, Purposes & Procedures Manual of the NAIC Investment Analysis Office, Guide to Compliance with State Audit Requirements, Retaliation: A Guide to State Retaliatory Taxes, Fees, Deposits and Other Requirements, Risk-Based Capital (RBC) Forecasting Products, Statutory Accounting Principles (SAP) Self-Study Program, States' Prescribed Differences from NAIC Statutory Accounting Principles (SAP), Assistance with Annual and Quarterly Statement Completion, If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the. The second, named WealthMax Bonus Life, is similar to the WealthSure Life product, but the growth is tied to stock market indices instead of current interest rates. A vast majority (over 95%) of these assets are considered investment grade, though . advisors. You should not rely upon forward-looking statements as predictions of future events. 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. administrators. Our three-year blueprint for the future shows the way toward building on existing strengths. A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. We're here to help. Your email address will not be published. Thankfully, plenty of free resources can help you shop for your insurance, like the EquiTrust Life Insurance Company ratings from customers and company watchdogs alike. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief.