A relative newcomer to the insurance industry, EquiTrust was established in 1996. Examination Reports | Iowa Insurance Division Research and analysis on important insurance issues. EquiTrust Life Partners with Sapiens on their Next Generation Digital Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. EquiTrust Life Annuity Account - SEC.gov. The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. Working At EquiTrust Life Insurance: Employee Reviews and Culture - Zippia Copyright 2023 BestLifeRates.org, LLC. Insurer Ratings and Better Business Bureau Grade. It includes a death benefit, as well as a nursing home waiver. 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. 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. Its A+ rating through the BBB is impressive, though. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. registered with the U.S. Securities and Exchange Commission as an investment adviser. Everything I learned was self taught with demanding deadlines and being understaffed in our department. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. Click the links below for: Agent Guide. administrators. Most clients invest in an annuity to pursue accumulation or cash-flow goals. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. EquiTrust Life Insurance Company Reviews - Glassdoor All investing involves risk, including loss of A glossary of insurance terms and definitions. 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. Based in Northbrook, Illinois. Insurance Blog By Chris (IBBC) was founded by life insurance agent Chris Huntley in 2008 to help educate and inform consumers on some of the most complicated aspects of insurance. Call Sales Support. For complete information about the cookies we use, data we collect and how we process them, please check our. When evaluating rates, please verify directly with your insurance company or agent. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. Applicants must be between 60 and 80 to apply for this policy, which also features an Accelerated Death Benefit Rider, flexible premium allocation, and index credits. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! EquiTrust Life Insurance Company 2023 Ratings Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. 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. 3. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. Income Rider: Includes Benefit Base bonus of 7% on first-year premiums plus Benefit Base compounds annually at 7% for up to 7 years; 1.25% annual fee on Accumulation Value; chronic-illness doubler. Are Any of These Annuities Right for You? Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. 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. If youre looking for life insurance or annuities from an insurance company that makes its customers a priority, we strongly encourage you to work together with your independent insurance agent to survey all other options before settling on EquiTrust Life Insurance Company as your trusted carrier. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. (Annual sales and employees). Reviewed by The Allstate Corporation, through its subsidiaries, engages in the personal property and casualty insurance business, as well as in the life insurance, retirement, and investment products business in the United States and Canada. PDF LIFE INSURERS Report Date Company Count - dbr.ri.gov Violators can and will be prosecuted to the full extent Copyright 2022 Sapiens International. EquiTrust Life Insurance Company | LinkedIn 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). EquiTrust Agent Portal (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. 2023, Consumer Agent Portal, LLC. So, is this a brand you and your family can trust for years to come? It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. Quotes and offers are not binding, nor a guarantee of coverage. Plus, there are tax advantages to owning a fixed annuity. . Contract E-Delivery is Here! Client-Use Renewal-Rates Flyer. The carrier does have a couple of decades worth of experience under its belt in the industry now, and has a high rating through the BBB. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. 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. services are limited to referring users to third party advisers registered or chartered as fiduciaries advisors. We update our site regularly, and all content is reviewed by insurance experts. Explore our open opportunities for your chance to join our team. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. 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. from WalletHub and across the web. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. EquiTrust has just one phoneline for customer service and all other inquiries. EquiTrust Cons: Not a BBB accredited company. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. Today, this company holds north of $17 billion in assets under management. Our annuity experts are also available to answer any of the question or concerns that you may have, whether you are just starting to shop for an annuity, or youve owned one for some time and you want to ensure that its still performing the way it was meant to. Heather Kane - Vice President of Sales and Marketing - EquiTrust Life Personalized Illustrations. Get Equitrust Annuity Partial Withdrawal Form Et 2512 Documents exposed by various committee workgroups. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. Save my name, email, and website in this browser for the next time I comment. There are no guarantees that working with an adviser will yield positive returns. The insurance company does not list their official claims process on their website beyond how to file. Developments and trends in financial markets and insurer investments. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. Industry: Life insurance Printer Friendly View Address: 222 W Adams St Ste 2150 Chicago, IL, 60606-5301 United States Overview. Two multi-asset, risk-controlled index options provide an extra level of diversification. We provide tools and resources to help regulators set standards and best practices, provide regulatory support functions, and educate on U.S. state-based insurance regulation. Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. EquiTrust Client Portal American Republic - About Us We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Answers regarding health care law and insurance. 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. Business Profile for EquiTrust Life Insurance Company EquiTrust cannot give legal, tax or accounting advice. Your personal tax advisor can provide important . No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Access technology tools and resources for U.S. insurance regulators. Subject to IRS daily maximum. EquiTrust Life Insurance Company Equitrust ChoiceFour Annuity | 2.25% Rate - The Annuity Expert EquiTrust Life Insurance Company Reviews. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. EquiTrust Agent Portal West Des Moines, IA. The EquiTrust Life Insurance Company has changed hands many times, but it has never faltered in its mission to provide high-quality life insurance products and annuities. 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. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. The phoneline contact option is offered at restricted hours, Monday-Friday. No matter what type of insurance you're looking for, you'll find the peace of mind you need. ChoiceFour from EquiTrust Life Insurance Company is a tax-deferred annuity featuring competitive one-year renewable interest rates, access to your money, and protection of your principal.. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. We also use content and scripts from third parties that may use tracking technologies. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. EquiTrust Life is a specialized insurance company, with a focus on life insurance. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. EquiTrust allows customers to file claims via email, fax, or phone. 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. We're here to help. 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. sherylwilliams_email. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. This information is designed to help you with your decision-making, and it is not intended to provide advice. Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust For more information visit https://www.EquiTrust.com. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is SmartAsset does not PDF Examination Report of Delaware Life Insurance Company As of December 31 Below are the most recent examination reports for each insurance company listed. In 2016, EquiTrust surpassed $17 billion in total assets. Tabares et al v. Equitrust Life Ins. Co. - United Policyholders Site features products, a retirement center offering financial strategies, and a press room. 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.