equitrust life insurance company annual report

Contract E-Delivery is Here! EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. A glossary of insurance terms and definitions. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Download Acrobat Reader free of charge. A financial services company newly renamed and offering individual and business life insurance, and annuities. The purchase of EquiTrust aligns with Magic Johnson Enterprises' focus on diversity in the workplace, as well as rich diversity of thought, focus on the policyholders we serve and the communities in which we work and live - as . Records required to be maintained according to the Company's record retention policy, include policyowner files, orders for fund shares, daily unit value computations, bank account records, reconciliation and . Advertiser Disclosure: We strive to help you make confident insurance decisions. All Rights Reserved. platform based on information gathered from users through our online questionnaire. Tap into the digital era and reimagine your engagement with customers, the visibility you provide to agents and brokers, and the agility and flexibility with which you manage your business. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . Plus, there are tax advantages to owning a fixed annuity. Avi Shekhtman Read more by Avi Shekhtman. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. Documents exposed by various committee workgroups. EquiTrust earns this recognition for performance from 2017 through 2021. This material is not intended to provide investment advice to . Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . These include the: With an index annuity, you have the opportunity to attain a nice return, based on an underlying market index (or more than one market index). As of 2020, the insurance company has a reported $20.7 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. Our insurance industry partnerships dont influence our content. . Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. provides independent information for the purpose of providing consumers insight into obtaining the best life insurance coverage from the best life insurance company they could obtain, subject to underwriting. Money cant buy happiness, but purchasing a life insurance policy can give your loved ones the gift of financial security if you were to pass unexpectedly. Questions? Permission and instructions to access this system can be obtained from the SmartAsset access control 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. EquiTrust Life Insurance Company is likely suitable for a very small number of consumers, but can be a great company for applicants to work with if the shoe fits. 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. EquiTrust Life Insurance has 125 employees. Get your Bridge toolkit today. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. EquiTrust Life Insurance Company. If you dont have an extra $10,000 lying around, though, you may want to investigate other insurance companies that offer more affordable whole life insurance policies. 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. 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. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: Quotes and offers are not binding, nor a guarantee of coverage. reduce returns). Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. 10,000+ Employees. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is At the end of the day, all the financial strength in the world cant make up for an insurance company that fails to cater to its customers. EquiTrust currently offers three life insurance products. Developments and trends in financial markets and insurer investments. Are cheaper life insurance policies available? Links for Internet Filing are provided to the right. January 14 2009 - by Lucy Campbell. As a result of hard work and talented people, we are doing well. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. Only dismal customer reviews spotted across the web. 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. Our three-year blueprint for the future shows the way toward building on existing strengths. Today, this company holds north of $17 billion in assets under management. For financial reporting, their fiscal year ends on December 31st. PA 2700-FM-AQ0021 2007 . It is extremely important that all filings are accurate, complete, and timely. And just . Our founder was born into slavery and grew BBB File Opened: 8/13/2012. 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. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. 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. Everything I learned was self taught with demanding deadlines and being understaffed in our department. Access to every published model law, regulation, and guideline. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. Click the button below to request a report when hardcopies become available. EquiTrust has just one phoneline for customer service and all other inquiries. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. To earn this prestigious title, the company must successfully ace a variety of screenings and aim for superior execution during the years specified. Written by All investing involves risk, including loss of Offers life insurance and annuities. 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 . To apply for this policy, you must: WealthSure also accumulates cash value. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Compound annual growth in premiums between -10% and +40% . In addition, premiums paid into the policy at approval see a 12% bonus immediately. If, however, the underlying performs poorly in a given period, there are no losses to your account. Here at the blog, our job is to educate and inform people about the best insurance for them. 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. You will also need to make a payment of at least $10,000. Forms are available on the website to make claims filing easier. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. Website at Agents.EquiTrust.com. Therefore, the PDFs cannot be made available to state insurance regulators. registered with the U.S. Securities and Exchange Commission as an investment adviser. Steps to Completing a Financial Statement Filing. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. A relative newcomer to the insurance industry, EquiTrust was established in 1996. 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. EquiTrust specializes in life insurance. at 866-598-3694 or visit. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. ]]> Complete the financial statements using software from an approved vendor. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. 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. (816) 783-8600. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. 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. 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. 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. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. EquiTrust Life Variable Account . LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. Call Sales Support. Dina Vince Head of Investor Relations, Sapiens. 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. 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. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. The Certainty Select Annuity is EquiTrusts MYGA product. Find contact information for insurance departments and local insurance agents, or file a complaint. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. 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. Two multi-asset, risk-controlled index options provide an extra level of diversification. However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. Innovation is a key pillar within EquiTrust Life, and we felt that Sapiens digital tools would enable innovation much faster than any other competitor, while providing us industry insights and best practices, said Carol Woodruff, Vice President, Information Systems with EquiTrust Life. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. 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 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. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: 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. These include: While all of EquiTrusts policies can help you increase your wealth, each is unique. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). 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. A vast majority (over 95%) of these assets are considered investment grade, though . Explore our open opportunities for your chance to join our team. We update our site regularly, and all content is reviewed by insurance experts. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. Leave us a note in the comments - we love everything insurance! advisors. 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. 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. Copyright 2023 BestLifeRates.org, LLC. And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. Client-Use Renewal-Rates Flyer. Declining surrender charge, based on 9-year schedule. West Des Moines, IA. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. 2. Size and financial strength arent big stand-out factors for this provider, but their unique line of insurance products gives this specialty company a solid niche market to work with for years to come. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. All insurance rates, products, and services are presented without warranty and guarantee. The EquiTrust is one of the best life insurance companies to increase your cash flow. Weve researched and reviewed hundreds of annuities over the years, and we continue to add new information to our annuity review database, which can be accessed at no cost anytime. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses.

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