This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. What is the EquiTrust Life Insurance Company? 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 . 10,000+ Employees. For this reason, theyre not suitable to meet everyones insurance needs. Raleigh, N.C., Jun21, 2022Sapiens 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 digital solutions to provide their agents next generation customer acquisition and service capabilities. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. The third, named WealthPay LifeTM, is really a combination product. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. Find contact information for insurance departments and local insurance agents, or file a complaint. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. 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. Get a D&B Hoovers Free Trial. 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. 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 Life Insurance Fast Facts. If you put $100,000 into an annuity, you'll see $100,000 on your statement. As of 2020, the insurance company has a reported $20.7 billion in total assets. Questions? However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. SEC CIK #0001054501. EquiTrust Life Insurance Company . Annuity News. This annuity features both single life and joint life payout options. Working with an adviser may come with potential downsides such as payment of fees (which will This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. Type of Entity: Corporation. EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . 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. 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 . Nothing on this website is a recommendation to buy or sell an annuity. Call Sales Support. Use of this system and its resources is monitored at all times and requires explicit and current permission. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. Website at Agents.EquiTrust.com. For this particular review, well focus just on the life insurance side of things: With a focus on accumulation and leverage, EquiTrusts life insurance products are aligned to help consumers utilize their current cash or cash flow for growth with the future in mind. EquiTrust Life Annuity Account - SEC.gov. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Rachael Brennan EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. 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. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations. EquiTrust cannot give legal, tax or accounting advice. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. EquiTrust has just one phoneline for customer service and all other inquiries. Revenue: $100 - $500 million See Exact Annual Revenue: You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. Steps to Completing a Financial Statement Filing. Unlike most of the top ten best life insurance companies weve rated thus far, EquiTrust Life is more of a niche insurer, meaning they definitely have a specialty and dont stray far from it. If, however, the underlying performs poorly in a given period, there are no losses to your account. EquiTrust Life Insurance Company 2022 Ratings. Established in 1899, A.M. Best is one of the oldest rating companies in the world. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Full-Time. Financial Statement Filing & Step Through Guide, Raymond G. Farmer Award for Exceptional Leadership, System for Electronic Rates and Forms Filings, Market Regulation and Consumer Affairs (D), Financial Regulation Standards and Accreditation (F), Innovation, Cybersecurity, and Technology (H), Market Conduct Annual Statement Blanks (D), Risk-Based Capital Investment Risk and Evaluation (E), Purposes and Procedures Manual of the NAIC Investment Analysis Office, Capital Adequacy (E) Task Force (Risk-Based Capital), Statutory Accounting Principles (SAP) (E) Working Group, Updates to the Accounting Practices & Procedures (AP&P) Manual, Financial Internet Filing Online User's Guide, industry-financial-filing-individual-remittance-advice.pdf, industry-financial-filing-combined-remittance-advice.pdf, industry-financial-filing-group-remittance-advice.pdf, 2022Annual 2023Quarterly Financial Statement Filing Deadlines, Annual, Quarterly, and Risk-Based Capital Approved Software Vendors, Formulas for Life, Health & Annuity Guaranty Association Assessable Premium Exhibit Part 2, Purposes & Procedures Manual of the NAIC Investment Analysis Office, Guide to Compliance with State Audit Requirements, Retaliation: A Guide to State Retaliatory Taxes, Fees, Deposits and Other Requirements, Risk-Based Capital (RBC) Forecasting Products, Statutory Accounting Principles (SAP) Self-Study Program, States' Prescribed Differences from NAIC Statutory Accounting Principles (SAP), Assistance with Annual and Quarterly Statement Completion, If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the. 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. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. A Name You Can Trust. 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. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. 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). and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered. Main customer service and claims reporting hotline has the following hours restrictions: Income tax-free benefits for beneficiaries, Approval based on medical questions but no exam required. For more information visit https://www.EquiTrust.com. A relative newcomer to the insurance industry, EquiTrust was established in 1996. We're dedicated to providing you with new financial ideas to help meet your specific needs. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. Research and analysis on important insurance issues. 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. 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. Surrender Charge. AnnuityGator. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. 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. EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. 4.0 . Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. OMB Number: 3235-0729 . //-->
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