equitrust life insurance company annual report
Mark is a former Big 4 auditor with 10 plus years of public/private experience in audit within a variety of industries: manufacturing/consumer products/insurance/financial services. 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). 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. This is not an offer to buy or sell any security or interest. Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . 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. 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. So, is this a brand you and your family can trust for years to come? The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . EquiTrust Client Portal All content is for educational purposes only. Discover our framework to drive change and promote accountability in our workplace. Please fill out the form below and click "Place Order" to complete your order. EquiTrust Life Partners with Sapiens on their Next Generation Digital 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. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. Equitrust Life Insurance Co SEC Registration - sec.report Complete the financial statements using software from an approved vendor. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . EquiTrust - Overview, News & Competitors | ZoomInfo.com 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. You will be able to make partial withdrawals without facing penalty fees after the policy has been in place for a year. Surrender charges may vary by state. 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. 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 . Adviser or provide advice regarding specific investments. 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 . EquiTrust Life Insurance Company. The insurance company does not list their official claims process on their website beyond how to file. Equitrust Annuity | Market Value Annuity For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. 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. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). Full-Time. Equitrust Life Insurance Fast Facts. Most clients invest in an annuity to pursue accumulation or cash-flow goals. As of 2020, the insurance company has a reported $20.7 billion in total assets. Erie Insurance Reviews (2023): 900+ User Ratings - WalletHub 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. Allstate Corporation - AnnualReports.com It is built on the understanding that competitive returns and minimal taxation are . 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. In June 2015, Magic Johnson Enterprises became the majority shareholder, making EquiTrust Life Insurance one of the largest minority-owned life insurance company in the history of the country at $25.7 billion in assets. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. We do not manage client funds or hold custody of assets, we help users connect with relevant financial Reviewed by Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Contract E-Delivery is Here! Today, this company holds north of $17 billion in assets under management. Nursing Home and Terminal Illness Waivers. Jun 2022 - Present10 months. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. EquiTrust If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. * Financial Analysis: preparation of monthly executive financial report, annual financial report for state . Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. Plus, there's the added benefit of tax advantages offered by a fixed annuity. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. Site features products, a retirement center offering financial strategies, and a press room. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact 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. SmartAssets The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. 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. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. In addition, FBL manages all aspects of two Farm Bureau affiliated. 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. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. Equitrust Life Insurance Co is a incorporated in the state of Iowa. SEC CIK #0001054501. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. We have the right one for you. Participation in the Database provides essential data for the Insurance Regulatory Information System (IRIS) Financial Ratio Reports, risk-based capital analysis, and other solvency-related reviews of individual companies, including reporting compliance and financial analysis. Our insurance industry partnerships dont influence our content. You can selectively provide your consent below to allow such third party embeds. Established in 1899, A.M. Best is one of the oldest rating companies in the world. Questions? Get your Bridge toolkit today. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . Applies to partial withdrawals in excess of the penalty-free withdrawal amount. EquiTrust Life Insurance Company Review - TrustedChoice.com sherylwilliams_email. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! Magic Johnson adds life insurance co. to empire - USA TODAY On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Below are the most recent examination reports for each insurance company listed. American Republic remains focused on delivering quality coverage . Prior to August 2, 2013, the Company, formerly known as Sun Life Assurance Company of Canada (U.S.) (SLUS), was a member of the Sun Life Financial insurance holding company system. EquiTrust offers just one phoneline for all customer inquiries. Class Action Launched Against EquiTrust Life Insurance Company Forms are available on the website to make claims filing easier. Many customers also trust EquiTrust to handle retirement income or wealth transfer. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers digital transformation. EquiTrust Life Insurance Company 2023 Ratings PDF EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES - Iowa All insurance rates, products, and services are presented without warranty and guarantee. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. Account Options. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. Violators can and will be prosecuted to the full extent We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. 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. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. Vice President of Sales and Marketing. Title. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Working with an adviser may come with potential downsides such as payment of fees (which will 2020 Annual Report to Stockholders. 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. 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. EquiTrust Annuity Review | SmartAsset.com For more information visit https://sapiens.com or follow us on LinkedIn. EquiTrust cannot give legal, tax or accounting advice. . Examination Reports | Iowa Insurance Division Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. 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. Permission and instructions to access this system can be obtained from the SmartAsset access control Avoid market losses - guaranteed. EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. 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. The phoneline contact option is offered at restricted hours, Monday-Friday. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. There are no guarantees that working with an adviser will yield positive returns. Surrender Charge. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. Industry Financial Filing - National Association of Insurance Commissioners 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 . Compound annual growth in premiums between -10% and +40% . For more information visit https://www.EquiTrust.com. It is extremely important that all filings are accurate, complete, and timely. EquiTrust Life Insurance Company Reviews: 24 User Ratings - WalletHub Carol Woodruff - Vice President, Information Systems - EquiTrust Life Written by Are Any of These Annuities Right for You? Posted: January 19, 2023. Description. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. EquiTrust Life Insurance Company 2022 Ratings. By continuing to access this system you acknowledge you are aware of and agree to these terms. Sales Week: EquiTrust ads bring business to your doorstep or inbox. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. Atlanta Life Insurance - Atlanta Life Insurance A relative newcomer to the insurance industry, EquiTrust was established in 1996. 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. EquiTrust Life Insurance Company is considered to be stable financially, and because of that, the company has earned the following ratings from the insurer rating agencies: B++ from A.M. Best Company. 2021 Annual Report to Stockholders. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. It includes a death benefit, as well as a nursing home waiver. Annual Reports. 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. Additional information. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: How Do Annuity Agent Commissions Work? - The Balance The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. Are cheaper life insurance policies available? Offers life insurance and annuities. The May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. Applicant ages generally range between 60-80. property-casualty insurance companies for a management fee. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. As a result of hard work and talented people, we are doing well. Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust 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. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. 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. . Among the carriers consumers likely arent familiar with is EquiTrust Life Insurance Company, but this shouldnt be a deterrentwhen considering to do business with them. EquiTrust earns this recognition for performance from 2017 through 2021. Steps to Completing a Financial Statement Filing. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. 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. Official website is sorely lacking. For complete information about the cookies we use, data we collect and how we process them, please check our. Mark Willoughby, CPA - AVP Internal Audit - EquiTrust Life Insurance The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. In the event of a full surrender, applies to accumulation value and any . EquiTrust allows customers to file claims via email, fax, or phone. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. This is the EquiTrust Life Insurance Company company profile. Save my name, email, and website in this browser for the next time I comment. Dina Vince Head of Investor Relations, Sapiens. However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. Licensed Insurance Agent. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. Revenue: $100 - $500 million See Exact Annual Revenue: Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. This material is not intended to provide investment advice to . 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? Subject to IRS daily maximum. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. BestLifeRates.org, LLC. That just isnt up to par with other insurance companies around today. Download Acrobat Reader free of charge. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Click the button below to request a report when hardcopies become available. 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. 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. 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. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. Annual Report on Equitrust Life Insurance's Revenue, Growth, SWOT Links for Internet Filing are provided to the right. Financial Ratings. 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 . If you dont want to worry about missing a payment on your life insurance, you may be intrigued by EquiTrusts WealthSure Life insurance policy. 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. SmartAsset does not Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP Tabares et al v. Equitrust Life Ins. Co. - United Policyholders Use of this system and its resources is monitored at all times and requires explicit and current permission. Advertiser Disclosure: We strive to help you make confident insurance decisions. PA 2700-FM-AQ0021 2007 . Transmit your filing to the NAIC via the Internet. 1. These policies are single-premium, and you must pay at least $10,000 to activate your policy.
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