equitrust life insurance company annual report

Client Brochure. EquiTrust has a good rating through A.M. Best, but it's not as highly rated as many other modern insurance companies. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. About Us. registered with the U.S. Securities and Exchange Commission as an investment adviser. Revenue: $100 - $500 million See Exact Annual Revenue: EquiTrust Life Variable Account . 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). Professional development for state insurance regulators and industry professionals. Complete the financial statements using software from an approved vendor. 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. This creates no additional cost to you, and helps provide us an income so we can continue to bring valuable information to your fingertips. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . Documents exposed by various committee workgroups. BBB File Opened: 8/13/2012. COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. 2. Quotes and offers are not binding, nor a guarantee of coverage. Working with an adviser may come with potential downsides such as payment of fees (which will 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. Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. This feature isnt available with every term life insurance policy, though, so you should also read the fine print before putting any money down. Our founder was born into slavery and grew 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.. Avi Shekhtman Read more by Avi Shekhtman. In return, the client receives an instantly leveraged death benefit with long-term growth potential. EquiTrust is one of the best life insurance companies to increase your cash flow. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. . Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. West Des Moines, IA. is in violation of the regulations of this system. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. Surrender charges may vary by state. Complete the financial statements using software from an approved vendor. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. 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. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. SmartAssets Get your Bridge toolkit today. Minimum Premium: $10,000 NQ/Q. The purchase of EquiTrust aligns with Magic Johnson Enterprises' focus on diversity in the workplace, as well as rich diversity of thought, focus on the policyholders we serve and the communities in which we work and live - as . Account Options. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. You can even use life insurance to provide yourself with more financial security while youre alive. Additional information. Below are the most recent examination reports for each insurance company listed. All rights reserved. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. All insurance rates, products, and services are presented without warranty and guarantee. So, is this a brand you and your family can trust for years to come? Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. 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 Transmit your filing to the NAIC via the Internet. You can also use EquiTrust Life Insurance Company reviews like this one to help you discover the right life insurance company for your needs. 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. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. 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. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. Chris Huntley For financial reporting, their fiscal year ends on December 31st. Access forms and tools to file expense reports, review grant and zone scholarship balances, and travel guidelines. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. The EquiTrust Life Insurance Company first opened its doors for business in 1996. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. What You Need to Know About the EquiTrust Life Insurance Company, The EquiTrust Life Insurance Company is over 20 years old, EquiTrust only sells whole life insurance policies, EquiTrust life insurance policies can increase your cash flow. Plus, there are tax advantages to owning a fixed annuity. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Keep reading to learn more about this company and what it can offer you. No flexibility and no interest in promoting anyone who won't play their mean girl games. 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. You will also need to make a payment of at least $10,000. Surrender Charge. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. Learn more Arizona Department Of Insurance 2012/2013 Annual. The EquiTrust Life Insurance Company ratings indicate that this company will have . The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. 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 is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. EquiTrust Cons: Not a BBB accredited company. Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . Jun 2022 - Present10 months. For the seventh consecutive year, EquiTrust is recognized among the "Wards 50" of top life and health insurance companies. Stop.Call.Confirm is a registered service markof the National Association of Insurance Commissioners. 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. Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses. No matter what type of insurance you're looking for, you'll find the peace of mind you need. 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. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. . The phoneline contact option is offered at restricted hours, Monday-Friday. 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. What life insurance products does the EquiTrust Life Insurance Company offer? Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. We're dedicated to providing you with new financial ideas to help meet your specific needs. Answers regarding health care law and insurance. (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: Permission and instructions to access this system can be obtained from the SmartAsset access control Reviewed by 1.9. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. However, you wont be able to conduct an internet search for the EquiTrust stock price as this is not a publicly listed company. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. Avoid market losses - guaranteed. The website also does not provide important information about claims processing. Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. No mention of an insurance company or its prices is an offer for life insurance, and all users and applicants shall be subject to any and all underwriting requirements by the insurance company in which you apply. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. 60% of employees would recommend working at EquiTrust Life Insurance Company to a friend and 83% have a positive outlook for the business. 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. Have questions about any kind of insurance? Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. 54% of EquiTrust Life Insurance employees are women, while 46% are men. Are Any of These Annuities Right for You? Written by All investing involves risk, including loss of Type of Entity: Corporation. These include the: With an index annuity, you have the opportunity to attain a nice return, based on an underlying market index (or more than one market index). This annuity features both single life and joint life payout options. 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. 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. 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. With solid core values of integrity, leadership, accountability, teamwork, and passion, EquiTrust is certainly worth looking into if their product suite aligns with your financial needs and lifestyle.

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