Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. Copyright 2022 Sapiens International. (Annual sales and employees). Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. EquiTrust cannot give legal, tax or accounting advice. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. West Des Moines, IA. Have a question or request? From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. 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. Our principal business is offering life insurance policies and annuity contracts. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. Minimum Premium: $10,000 NQ/Q. Our insurance industry partnerships dont influence our content. Jun 2022 - Present10 months. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Identify what your insurance needs are and how EquiTrust could meet them for you and your family. 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. You will also need to make a payment of at least $10,000. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. A relative newcomer to the insurance industry, EquiTrust was established in 1996. 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. 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 . Advertiser Disclosure: We strive to help you make confident insurance decisions. 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? Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. Explore recent publications, the latest news articles, new federal and legislative news, and model laws to help inform your approach. 2021 Annual Report to Stockholders 1.5 MB. Years in Business: 10. Business Started: 8/1/2012. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. 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. EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. No matter what type of insurance you're looking for, you'll find the peace of mind you need. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. The EquiTrust Life Insurance Company ratings indicate that this company will have . The website also does not provide important information about claims processing. Click the button below to request a report when hardcopies become available. 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. This annuity features both single life and joint life payout options. Get a D&B Hoovers Free Trial. Report Locked. 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. Privacy Policy. Keep reading to learn more about this company and what it can offer you. Save my name, email, and website in this browser for the next time I comment. Permission and instructions to access this system can be obtained from the SmartAsset access control LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. Domestic and international policy and outreach initiatives. 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 trusted provider of life insurance and annuity products with a strong track record of operating performance. 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. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. 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. Steps to Completing a Financial Statement Filing. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. All investing involves risk, including loss of Learn more Arizona Department Of Insurance 2012/2013 Annual. For more information on how we're paid, click our link below.Full Disclosure. (816) 783-8400, For questions about the database & electronic filing: 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. SmartAssets Call (866) 598-3694. So, feel free to reach out to us by phone at (888) 440-2468, or via email through our secure online contact form and schedule a time to chat with us. EquiTrust Life Variable Account . The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. 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. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Rachael Brennan For more information visit https://sapiens.com or follow us on LinkedIn. 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 . You can even use life insurance to provide yourself with more financial security while youre alive. FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. Chris Huntley The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. Annual Reports. For more information visit https://www.EquiTrust.com. Your personal tax advisor can provide important . In this material, the terms advisor and financial advisor are used as general references to licensed insurance professionals and are not intended to indicate whether the licensed insurance professional is a Registered Investment Advisor or is otherwise authorized under the law to provide financial advice. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. The experience at EquiTrust varies depending on what department you work in. Quotes and offers are not binding, nor a guarantee of coverage. EquiTrust currently offers three life insurance products. You can also request a quote from the company online. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . Subject to IRS daily maximum. In return, the client receives an instantly leveraged death benefit with long-term growth potential. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. 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. AM Best Revises Issuer Credit Rating Outlook to Positive for EquiTrust Life Insurance Company OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of "bbb" of EquiTrust Life Insurance Company (EquiTrust) (Chicago, IL). Comparison shopping should be easy. Allstate Corporation has reached its limit for free report views. BestLifeRates.org, LLC. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. 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. Growth is based on current interest. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. . The Certainty Select Annuity is EquiTrusts MYGA product. Your email address will not be published. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! 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. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. Access to every published model law, regulation, and guideline. Since EquiTrusts products are distributed exclusively through independent insurance agents, clients can ensure theyre getting the best coverage at the best rate possible. If you do not have permission, continuing to attempt to access this site and its resources Use of this system and its resources is monitored at all times and requires explicit and current permission. Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . 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. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. By continuing to access this system you acknowledge you are aware of and agree to these terms. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets. Posted: January 19, 2023. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. EquiTrust Life Insurance Company; 7100 Westown Pkwy Suite 200; West Des Moines, IA 50266-2521; My Annuity Contracts/Life Policies; FAQs; Contact Information; My EquiTrust is a secured customer resource for current values, transaction history, updates, forms and general assistance. . Here, for instance, the ChoiceFour Annuity features a one-year annual reset interest rate, and a choice of four different contract variations, including a(n): For more details on the EquiTrust Choice Four annuity, go HERE.

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