equitrust life insurance company annual report

Sell EquiTrust Life Insurance Company Annuities | New Horizons Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. These are the three product options currently available on the market: The first, named WealthSure LifeTM, is a single premium life insurance policy, meaning the premiums for the entire durationof the policy are due upon approval. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. EquiTrust Life Insurance Company Reviews. For more information visit https://sapiens.com or follow us on LinkedIn. Equitrust was a great company at one time. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. Its a single premium payment, just like the others, but the premiums paid go toward an annuity, which, in turn, will pay out the life insurance premiums over time. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. As always, conduct your own research on a variety of carriers before signing any paperwork. Steps to Completing a Financial Statement Filing. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. EquiTrust Agent Portal Required fields are marked *. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. 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. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. 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 . All content is posted anonymously by employees working at EquiTrust Life Insurance Company. EquiTrust Life Insurance Company The main customer focus of EquiTrust is retirees and those who are approaching retirement. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. Sapiens ApplicationPro is a robust electronic application software that helps carriers address critical business drivers, such as decreasing timetoissue and reducing policy acquisition costs, all in an extremely intuitive and easytouse package. 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.. At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. Working At EquiTrust Life Insurance: Employee Reviews and Culture - Zippia Additional information. 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. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is You only need to make one payment to activate a WealthPay Life policy from EquiTrust. Please fill out the form below and click "Place Order" to complete your order. 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. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. 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. So, is this a brand you and your family can trust for years to come? Applicant ages generally range between 55-85, and an Accelerated Death Benefit Rider is also available at no additional charge. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. 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. 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. Allstate Corporation has reached its limit for free report views. Call (866) 598-3694. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. Declining surrender charge, based on 9-year schedule. Financial Internet Filing Online User's Guide, For questions about statement filing: 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 The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Sales Week: EquiTrust ads bring business to your doorstep or inbox. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. 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. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. 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. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. SmartAssets Have questions about any kind of insurance? Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. Copyright 2023 BestLifeRates.org, LLC. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. For this reason, theyre not suitable to meet everyones insurance needs. EquiTrust earns this recognition for performance from 2017 through 2021. 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. To apply for this policy, you must: WealthSure also accumulates cash value. 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. Class Action Launched Against EquiTrust Life Insurance Company 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. 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. 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. 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. 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. 2023, Consumer Agent Portal, LLC. 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. BBB File Opened: 8/13/2012. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. MONTHLY OVERVIEW: February updates, recaps and department news. 10,000+ Employees. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. It includes a death benefit, as well as a nursing home waiver. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. A relative newcomer to the insurance industry, EquiTrust was established in 1996. 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. 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. A Name You Can Trust. 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 . Client Brochure. 1.9. In addition, FBL manages all aspects of two Farm Bureau affiliated. PDF Examination Report of Delaware Life Insurance Company As of December 31 Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. Research and analysis on important insurance issues. Choices. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. 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. You place money into an account, and the agency invests it so that it will grow. Have a question or request? 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. Permission and instructions to access this system can be obtained from the SmartAsset access control Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. BestLifeRates.org, LLC. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. American Republic - About Us EquiTrust Life Insurance Company Full-Time. 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. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. No matter what type of insurance you're looking for, you'll find the peace of mind you need. Questions? Account Options. Mark Willoughby, CPA - AVP Internal Audit - EquiTrust Life Insurance 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. PDF MARKETTWELVE BONUS INDEX - ImmediateAnnuities.com For questions regarding cocodes please call us at: 816-783-8600. EquiTrust currently offers three life insurance products. Access public conference call documents and information. Documents exposed by various committee workgroups. The Minimum Premium: $10,000 NQ/Q. Applicants must be between the ages of 45 and 80. EquiTrust Life Insurance review. Developments and trends in financial markets and insurer investments. 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. 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. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. Copyright 2022 Sapiens International. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. Agent Pay Is Built Into the Policy. 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. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. 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. Annual Reports. Compound annual growth in premiums between -10% and +40% . About Us. Everything I learned was self taught with demanding deadlines and being understaffed in our department. Nothing on this website is a recommendation to buy or sell an annuity. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. reduce returns). Your personal tax advisor can provide important . administrators. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. Advertiser Disclosure: We strive to help you make confident insurance decisions. You will also need to make a payment of at least $10,000. Equitrust Life Variable Account - Sec We're dedicated to providing you with new financial ideas to help meet your specific needs. Strong financial stability. Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. Posted: January 19, 2023. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! If you dont want to worry about missing a payment on your life insurance, you may be intrigued by EquiTrusts WealthSure Life insurance policy. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! EquiTrust Life Insurance Company has been around since 1996. Click the button below to request a report when hardcopies become available. An optional terminal illness rider may be added for an additional premium cost. Product not available in all states or may vary by state. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Adviser or provide advice regarding specific investments. 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. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub Identify what your insurance needs are and how EquiTrust could meet them for you and your family.

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