By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. //--> While EquiTrusts ratings could be better (they are currently ranked as a BBB+ by Standard & Poors, and as a B++ by A.M. Best Company), the company has nearly $19 billion in invested assets and has a solvency ratio of just under $105. 2021 Annual Report to Stockholders. Jun 2022 - Present10 months. 24 reviews. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. About Us. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . Title. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . Client Brochure. For more information visit https://www.EquiTrust.com. reduce returns). Click the links below for: Agent Guide. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. EquiTrust, a trusted provider of retirement products with a strong track record of operating performance, distributes fixed-rate and indexed annuities and life insurance through a national network . EquiTrust Life Insurance Company was purchased by Guggenheim Partners in 2011. 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). The more quotes you compare, the more chances to save. Their life insurance policies come with the following perks: Your independent insurance agent can help you find out more about EquiTrusts life insurance policies, as well as their other products. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. And the bonus isn't just in the name. We administer financial products for retirees, and Sapiens solution delivers a superior agent experience to market complex financial products that help protect our growing senior population.. Thankfully, plenty of free resources can help you shop for your insurance, like the EquiTrust Life Insurance Company ratings from customers and company watchdogs alike. 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.. Reviewed by Advertiser Disclosure: We strive to help you make confident insurance decisions. 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 one of the best life insurance companies to increase your cash flow. Questions? This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. Annual Reports. EquiTrust Life Insurance has 125 employees. These include: While all of EquiTrusts policies can help you increase your wealth, each is unique. Years in Business: 10. Business Started: 8/1/2012. All are Brighthouse Financial affiliated companies. If you put $100,000 into an annuity, you'll see $100,000 on your statement. All rights reserved. Call Sales Support. A vast majority (over 95%) of these assets are considered investment grade, though . While EquiTrust does not make information about their specific discounts readily available, most life insurance companies today offer several common discounts on comparable coverages. For questions regarding cocodes please call us at: 816-783-8600. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. If you do not have permission, continuing to attempt to access this site and its resources EquiTrust Life Insurance Company was founded in 1996, giving the carrier just about a quarter of a centurys worth of experience in the industry today. AnnuityGator. Privacy Policy. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Overview. Declining surrender charge, based on 9-year schedule. EquiTrust Values. 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. Keep reading to learn more about this company and what it can offer you. Steps to Completing a Financial Statement Filing. Agent Pay Is Built Into the Policy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! Click the button below to request a report when hardcopies become available. Discover our framework to drive change and promote accountability in our workplace. Report Flag as Inappropriate. The website also does not provide important information about claims processing. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. This rating has decreased by -9% over the . Download Acrobat Reader free of charge. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. We also use content and scripts from third parties that may use tracking technologies. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. BestLifeRates.org, LLC. These discounts often include: Your independent insurance agent can help you find more information on exact discounts offered by EquiTrust and additional ways to save money through the insurance company, helping you to get the most bang out of your buck on coverage. 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. The company also offers roadside assistance and ridesharing coverage options. EquiTrust Life Insurance review. If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. 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. EquiTrust Life is a specialized insurance company, with a focus on life insurance. Most clients invest in an annuity to pursue accumulation or cash-flow goals. 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. Copyright 2022 Sapiens International. BBB File Opened: 8/13/2012. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. A vast majority (over 95%) of these assets are considered investment grade, though more than 40% are not invested in A or better investment classes. Company number. Dina Vince Head of Investor Relations, Sapiens. It is extremely important that all filings are accurate, complete, and timely. EquiTrust currently offers three life insurance products. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. 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. Compare Quotes From Top Companies and Save. A financial services company newly renamed and offering individual and business life insurance, and annuities. Senior Customer Service Representative (Former Employee) - West Des Moines, IA - June 13, 2020. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. As a result of hard work and talented people, we are doing well. Applies to partial withdrawals in excess of the penalty-free withdrawal amount. Required fields are marked *. Website at Agents.EquiTrust.com. 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. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. Strong financial stability. Quotes and offers are not binding, nor a guarantee of coverage. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. 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. To apply for this policy, you must: WealthSure also accumulates cash value. EquiTrust Life Annuity Account - SEC.gov. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. (See more.) We update our site regularly, and all content is reviewed by insurance experts. Our opinions are our own. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Call (866) 598-3694. 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 company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. 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. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. Established in 1899, A.M. Best is one of the oldest rating companies in the world. 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. EquiTrust Life Variable Account . D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! We have the right one for you. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. 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. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. 54% of EquiTrust Life Insurance employees are women, while 46% are men. 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. Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. As always, conduct your own research on a variety of carriers before signing any paperwork. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. Access to every published model law, regulation, and guideline. Just as the world continues to change and grow, EquiTrust Life Insurance Company remains in motion. Doing so can be difficult especially given the overwhelming amount of small print that is oftentimes associated with annuities. 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. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. For example, EquiTrust employees are encouraged to fill their time with charitable exploits and donate funds to non-profits. No flexibility and no interest in promoting anyone who won't play their mean girl games. Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities.