Class Action Launched Against EquiTrust Life Insurance Company Offers life insurance and annuities. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. EquiTrust allows customers to file claims via email, fax, or phone. Rachael Brennan Permission and instructions to access this system can be obtained from the SmartAsset access control The more quotes you compare, the more chances to save. Most clients invest in an annuity to pursue accumulation or cash-flow goals. However, the insurance company is not accredited through the BBB. 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. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. Overview. EquiTrust Client Portal Sales Week: EquiTrust ads bring business to your doorstep or inbox. 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. 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 . EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. Below are the most recent examination reports for each insurance company listed. 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. We do not manage client funds or hold custody of assets, we help users connect with relevant financial Documents exposed by various committee workgroups. Discover tools and resources to help you understand different types of insurance, claims processes, and practical tips to help support you through every stage of your life. 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. 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. 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. Allstate Corporation. It includes a death benefit, as well as a nursing home waiver. 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. PDF EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES - Iowa 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. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. Answers regarding health care law and insurance. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. Access technology tools and resources for U.S. insurance regulators. According to the lawsuit, EquiTrust designed a . However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. Magic Johnson Enterprises Acquires Equitrust Life Insurance Co. Equitrust Annuity | Market Value Annuity 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. January 14 2009 - by Lucy Campbell. EquiTrust Life Insurance review. 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. P.S If you would like to read more of our EquiTrust Life Insurance annuity reviews here are some links to check out: Your email address will not be published. 2023, Consumer Agent Portal, LLC. The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. It is extremely important that all filings are accurate, complete, and timely. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. You should not rely upon forward-looking statements as predictions of future events. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. All investing involves risk, including loss of administrators. When evaluating rates, please verify directly with your insurance company or agent. Report Flag as Inappropriate. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP Quotes and offers are not binding, nor a guarantee of 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. The EquiTrust Life Insurance Company first opened its doors for business in 1996. Is the EquiTrust Life Insurance Company highly rated? This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. EquiTrust Values. Allstate Corporation - AnnualReports.com Strong financial stability. Examination Reports | Iowa Insurance Division Our opinions are our own. Industry Financial Filing - National Association of Insurance Commissioners 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. Our three-year blueprint for the future shows the way toward building on existing strengths. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . Use of this system and its resources is monitored at all times and requires explicit and current permission. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. 3. No separate claims reporting hotline. Guggenheim Partners - Wikipedia Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. You can also request a quote from the company online. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. 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. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . Research and analysis on important insurance issues. No matter what type of insurance you're looking for, you'll find the peace of mind you need. Today, this company holds north of $17 billion in assets under management. 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. The company also offers roadside assistance and ridesharing coverage options. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. 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. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. Plus, there are tax advantages to owning a fixed annuity. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. Report Locked. Have a question or request? 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. Contract E-Delivery is Here! Dina Vince Head of Investor Relations, Sapiens. 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. Your personal tax advisor can provide important . The insurance company does not list their official claims process on their website beyond how to file. Access public conference call documents and information. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. Save my name, email, and website in this browser for the next time I comment. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. EquiTrust offers just one phoneline for all customer inquiries. Equitrust Life Insurance Co is a incorporated in the state of Iowa. 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. 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 phoneline contact option is offered at restricted hours, Monday-Friday. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. Allstate Corporation has reached its limit for free report views. Privacy Policy. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. 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. Financial Internet Filing Online User's Guide, For questions about statement filing: Working at EquiTrust Life Insurance Company: 17 Reviews EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. [CDATA[// >