Access to every published model law, regulation, and guideline. Shopping for a company? Are Any of These Annuities Right for You? . Sapiens not only provides a wide array of best-of-breed solutions, but we also truly understand our customers operational goals and are committed to delivering best-in-class solutions, seamlessly to drive growth and deliver value. Keep reading to learn more about this company and what it can offer you. Who owns the EquiTrust Life Insurance Company? We have the right one for you. Click the links below for: Agent Guide. About Us. Therefore, the PDFs cannot be made available to state insurance regulators. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Within its annuity portfolio, EquiTrust provides fixed index products, MYGA (Multi-Year Guarantee) products, a single premium immediate annuity (SPIA), and even an annuity that offers a one-year renewable rate. So, is this a brand you and your family can trust for years to come? American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. This information is designed to help you with your decision-making, and it is not intended to provide advice. An annuity is a fixed amount of money paid to you from an insurance firm. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. If you put $100,000 into an annuity, you'll see $100,000 on your statement. Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. 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. Learn more Arizona Department Of Insurance 2012/2013 Annual. Chris Huntley ClickHEREto access the following resources maintained by the Blanks (E) Working Group: Additional NAIC Accounting and Reporting Resources: File Annual & Quarterly financial statements online 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. This is a single-premium whole life insurance policy, which means that youll only need to make one payment to keep the policy active for your lifetime. When it comes to annuities, EquiTrust offers one-year renewable, multi-year, and index-linked accumulation products along with a single premium immediate payout annuity. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Insurtech Customer Success Stories; With Xceedance, Sapiens, Opal, and CommBox, SAPIENS REPORTS Q4 AND FULL YEAR 2022 FINANCIAL RESULTS, South African Insurer Hollard Group Risk Implements Sapiens for Complete Core Transformation for Life & Pensions, How to make insurance appealing to millennials, Gen Z, MS Amlin Insurance Selects Sapiens for Transformation of its Commercial Lines Operations across Multiple Countries. However, the insurance companys rating through A.M. Best is noticeably lower than many other modern carriers, despite them being known for having reputable financial strength. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. 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. Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Everything I learned was self taught with demanding deadlines and being understaffed in our department. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. principal. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. SEC CIK #0001054501. Financial Ratings. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is 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. Violators can and will be prosecuted to the full extent Professional development for state insurance regulators and industry professionals. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Domestic and international policy and outreach initiatives. 10 of the Most Senseless Deaths of All Time, 5 Critical Tips Before You Buy Life Insurance, 5 Ways To Prepare Your Home For Wildfires, 7 Benefits of Life Insurance for the Wealthy, 8 Types Of Homeowners Insurance Policies, Massachusetts Mutual Life Insurance Review, Northwestern Mutual Life Insurance Review. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. services are limited to referring users to third party advisers registered or chartered as fiduciaries Comparison shopping should be easy. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. 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. Plus, there's the added benefit of tax advantages offered by a fixed annuity. The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. Links for Internet Filing are provided to the right. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. 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 offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. Applicant ages generally range between 60-80. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Exclusive, industry-focused manuals, data, and more. At Annuity Gator, we take the frustration out of shopping for annuities. Our principal business is offering life insurance policies and annuity contracts. This material is not intended to provide investment advice to . 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. However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. Steps to Completing a Financial Statement Filing. Only dismal customer reviews spotted across the web. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. Compound annual growth in premiums between -10% and +40% . ]]> Avi Shekhtman Read more by Avi Shekhtman. Offers life insurance and annuities. BBB File Opened: 8/13/2012. In addition, FBL manages all aspects of two Farm Bureau affiliated. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. EquiTrust Life Insurance Company. Form Date Form Name Number Line Of Business; 2021/10/01: 1035 Exchange Instructions: 436-830.pdf: Annuity: 2011/04/01: 1-Year Avg Participation Index Account Specimen Official website is sorely lacking. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. Forms are available on the website to make claims filing easier. Reviews from A.M. Best indicate an insurance companys financial strength and creditworthiness, and are based on comprehensive evaluations of the companys operating performance, business profile, and balance sheet. 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. Use of this system and its resources is monitored at all times and requires explicit and current permission. . For more information visit https://sapiens.com or follow us on LinkedIn. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. This is the EquiTrust Life Insurance Company company profile. . Report Date: July 1, 2022 Company Count: 385 COMPANY NAME NAIC# PHONE# 4 Ever Life Insurance Company 80985 2 Mid America Plaza, Suite 200 Oakbrook Terrace IL 60181-4712 8889234227 . 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. EquiTrust Life Insurance Company is a national carrier of competitive, client-friendly annuity products sold through a variety of distribution channels, including more than 20,000 independent . For example, there is no outline of an official claims process or claims response timeframe to be found. EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. For complete information about the cookies we use, data we collect and how we process them, please check our. Equitrust Life Insurance Co is a incorporated in the state of Iowa. 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. 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. Based in Northbrook, Illinois. More. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. 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. Our three-year blueprint for the future shows the way toward building on existing strengths. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. You place money into an account, and the agency invests it so that it will grow. In the event of a full surrender, applies to accumulation value and any . An optional terminal illness rider may be added for an additional premium cost. No official claims response timeframe promise. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. 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. EquiTrust earns this recognition for performance from 2017 through 2021. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. Avoid market losses - guaranteed. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. Compare Quotes From Top Companies and Save. EquiTrust specializes in life insurance. of the law. And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. 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. 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. Click to subscribe for email notifications of new items posted to this page. View contracts online. is in violation of the regulations of this system. 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 . Permission and instructions to access this system can be obtained from the SmartAsset access control Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! 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. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. 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. 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. I was hired just before the annual reporting with little to no training or guidance from management. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. PA 2700-FM-AQ0021 2007 . Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. 2020 Annual Report to Stockholders. Select a state or jurisdiction for insurance department contact information. The EquiTrust Life Insurance Company may only be 25 years old, but its ratings indicate that purchasing a policy from this company could be a good investment for some consumers. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. Surrender Charge. 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. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. And the bonus isn't just in the name. Discover tools and resources to help you understand different types of insurance, claims processes, and practical tips to help support you through every stage of your life. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. Reviews are posted at the request of readers so they could see an independent perspective when breaking down the positives and negatives of specific annuity contracts. As a result of hard work and talented people, we are doing well. Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. Two multi-asset, risk-controlled index options provide an extra level of diversification. Adviser or provide advice regarding specific investments. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. No matter what type of insurance you're looking for, you'll find the peace of mind you need. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. Today, this company holds north of $17 billion in assets under management. Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. 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. Developments and trends in financial markets and insurer investments. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. Equitrust Life Insurance Fast Facts. While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. from WalletHub and across the web. Should you feel confident pursuing EquiTrust for your insurance needs? investor.relations@brighthousefinancial.com. That just isnt up to par with other insurance companies around today. 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. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . Customers have reported frustration with having claims answered and processed within a reasonable timeframe. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. The phoneline contact option is offered at restricted hours, Monday-Friday. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. What is the EquiTrust Life Insurance Company? D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. The EquiTrust Life Insurance Company ratings indicate that this company will have . In 2016, EquiTrust surpassed $17 billion in total assets. 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. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. Site features products, a retirement center offering financial strategies, and a press room. EquiTrust Life Annuity Account - SEC.gov. Find contact information for insurance departments and local insurance agents, or file a complaint. To apply for this policy, you must: WealthSure also accumulates cash value. I started Insurance Blog by Chris because I have a passion for insurance. [CDATA[// >
