Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. That just isnt up to par with other insurance companies around today. By continuing to access this system you acknowledge you are aware of and agree to these terms. Our principal business is offering life insurance policies and annuity contracts. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. All investing involves risk, including loss of EquiTrust Values. 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 Life Insurance Fast Facts. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. When evaluating rates, please verify directly with your insurance company or agent. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. An annuity is a fixed amount of money paid to you from an insurance firm. 7100 Westown Pkwy Suite 200, West Des Moines, IA 50266-2521. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. The third, named WealthPay LifeTM, is really a combination product. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. EquiTrust offers just one phoneline for all customer inquiries. 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. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. Explore our open opportunities for your chance to join our team. May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. . sherylwilliams_email. This is the EquiTrust Life Insurance Company company profile. Call (866) 598-3694. 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. Domestic and international policy and outreach initiatives. Copyright 2022 Sapiens International. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Only dismal customer reviews spotted across the web. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. Bottom Line: EquiTrust is known for offering life insurance that does not require medical exams, and has even been recognized as a top performing insurance company by Wards. However, the insurance company is not accredited through the BBB. Full-Time. In return, the client receives an instantly leveraged death benefit with long-term growth potential. 2021 Annual Report to Stockholders 1.5 MB. Select a state or jurisdiction for insurance department contact information. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. A glossary of insurance terms and definitions. Website at Agents.EquiTrust.com. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is Quotes and offers are not binding, nor a guarantee of coverage. 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. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). 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. Based in Northbrook, Illinois. Their life insurance policies come with the following perks: Your independent insurance agent can help you find out more about EquiTrusts life insurance policies, as well as their other products. There are no guarantees that working with an adviser will yield positive returns. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. 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. January 14 2009 - by Lucy Campbell. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. 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. Consumers should always request life insurance quotes from at least three companies to ensure that they are picking the best policy for their coverage needs. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. 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. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. This policy stands apart because it is the combination of a life insurance policy and an annuity. 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. The EquiTrust Life Insurance Company first opened its doors for business in 1996. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. Call Sales Support. Report Locked. Get your Bridge toolkit today. Counsel for plaintiffs in the case described the decision this way: "In Tabares v. EquiTrust Life Insurance Company, a class of deferred annuity purchasers alleged that although EquiTrust promised them a 10% premium bonus if they purchased one of its deferred annuities, it simply offset the amount of the bonus through lower annual rates. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. . 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. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. As of 2020, the insurance company has a reported $20.7 billion in total assets. All Rights Reserved. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. U.S. Industry Overview & Market Statistics: JOHN HANCOCK LIFE INSURANCE COMPANY U.S.A. BLUE CROSS & BLUE SHIELD OF NORTH CAROLINA, EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? I was hired just before the annual reporting with little to no training or guidance from management. Steps to Completing a Financial Statement Filing. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. So lets examine these policies closely to discover which one could be the best fit for your needs. (816) 783-8400, For questions about the database & electronic filing: The insurance company does not list their official claims process on their website beyond how to file. The company also offers roadside assistance and ridesharing coverage options. Jun 2022 - Present10 months. All Rights Reserved | Privacy Policy, Independent Review of Fidelity and Guaranty Life Insurance Company, Independent Review of Eagle Life Insurance Company, We use cookies to enhance your experience while using our website. Please fill out the form below and click "Place Order" to complete your order. With solid core values of integrity, leadership, accountability, teamwork, and passion, EquiTrust is certainly worth looking into if their product suite aligns with your financial needs and lifestyle. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. platform based on information gathered from users through our online questionnaire. 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. Sales Week: EquiTrust ads bring business to your doorstep or inbox. 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. To be among the Ward's 50, each company must pass all safety and consistency screens, and have achieved superior performance over the five years analyzed. This annuity features both single life and joint life payout options. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. All insurance rates, products, and services are presented without warranty and guarantee. 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. Founder of Huntley Wealth & Insurance Services. It is built on the understanding that competitive returns and minimal taxation are . Complete the financial statements using software from an approved vendor. Exclusive, industry-focused manuals, data, and more. The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. 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 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. All content is for educational purposes only. Plus, there are tax advantages to owning a fixed annuity. Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. And the bonus isn't just in the name. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. So, you can be sure that you and your spouse, partner, or other loved one can rely on income for the remainder of both of your lifetimes. 24 reviews. For questions regarding cocodes please call us at: 816-783-8600. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. Membership lists, services and education to serve you and your mission. 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. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. We're dedicated to providing you with new financial ideas to help meet your specific needs. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. advisors. Documents exposed by various committee workgroups. Answers regarding health care law and insurance. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. As a result of hard work and talented people, we are doing well. AnnuityGator. Financial Ratings. No flexibility and no interest in promoting anyone who won't play their mean girl games. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. A relative newcomer to the insurance industry, EquiTrust was established in 1996. 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. 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. 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. American Republic remains focused on delivering quality coverage . Offers life insurance and annuities. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. A vast majority (over 95%) of these assets are considered investment grade, though more than 40% are not invested in A or better investment classes. SEC CIK #0001054501. Files on this page are PDF. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. EquiTrust Life Insurance Company 2022 Ratings. Financial Internet Filing Online User's Guide, For questions about statement filing: SmartAsset does not 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. Personalized Illustrations. Therefore, the PDFs cannot be made available to state insurance regulators. services are limited to referring users to third party advisers registered or chartered as fiduciaries 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. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. 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. For example, there is no outline of an official claims process or claims response timeframe to be found. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. At the annual or special meeting of shareholders, a majority of the shares entitled to vote, represented in person or by proxy, constitute a quorum for . ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. Equitrust Life Insurance Co is a incorporated in the state of Iowa. [CDATA[// >