Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. High rating through the BBB. Applicant ages generally range between 60-80. Most of the time, you'll see your account growing in value. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Plus, there's the added benefit of tax advantages offered by a fixed annuity. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. EquiTrust, while not a large insurance company by industry standards, has a unique set of products to fit investment-minded individuals approaching or in retirement. EquiTrust Values. Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. EquiTrust Life Insurance Company - Profile and Review - AnnuityAdvantage For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. Strong financial stability. Such forward-looking statements may be identified by the use of the words anticipate, believe, estimate, expect, may, will, plan and similar expressions. EquiTrust has primarily focused on two main product lines: These are the two most common products with any life insurance carrier, since annuities and life insurance somewhat go hand-in-hand. 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. EquiTrust Agent Portal EquiTrust is also not currently BBB accredited, and has had several customer complaints filed against them through the organization in recent years. 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to read more of our EquiTrust Life Insurance annuity reviews here are some links to check out: Your email address will not be published. Title. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations. 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. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. provides independent information for the purpose of providing consumers insight into obtaining the best life insurance coverage from the best life insurance company they could obtain, subject to underwriting. These are the three product options currently available on the market: The first, named WealthSure LifeTM, is a single premium life insurance policy, meaning the premiums for the entire durationof the policy are due upon approval. Surrender charges may vary by state. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. 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). As a result of hard work and talented people, we are doing well. Our founder was born into slavery and grew Get a D&B Hoovers Free Trial. 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. 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. 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. For financial reporting, their fiscal year ends on December 31st. 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. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. According to the lawsuit, EquiTrust designed a . 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 . Law360 (February 15, 2018, 8:39 PM EST) -- EquiTrust Life Insurance Co. was hit with a putative class action in Florida federal court Wednesday by two policyholders who claim the company charges . EquiTrust, which was recently bought in October of 2011 by Guggenheim Partners, LLC., a global investment and advisory institution, is a growth-minded retirement and legacy-focused life insurance company. Call Sales Support. No flexibility and no interest in promoting anyone who won't play their mean girl games. Independent Review of the RiverSource Protected Advantage 6 Year Annuity Independent Review of the RiverSource Life Value Plus Bonus Annuity Independent Review of the RiverSource Life Rate Bonus 1 MYGA Annuity. Columbus, Ohio Area. Award-Winning Sales Intel. 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. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. EquiTrust Life Insurance Company. PDF MARKETTWELVE BONUS INDEX - ImmediateAnnuities.com EquiTrust Hit With Suit Over Unauthorized Payout Fees Licensed Insurance Agent. The company also offers roadside assistance and ridesharing coverage options. The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. Click to subscribe for email notifications of new items posted to this page. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. The EquiTrust Life Insurance Company ratings indicate that this company will have . Disclaimer: www.InsuranceBlogByChris.com strives to present the most up-to-date and comprehensive information on saving money on insurance possible. This rating has decreased by -9% over the . Who owns the EquiTrust Life Insurance Company? The EquiTrust Life Insurance Company has changed hands many times, but it has never faltered in its mission to provide high-quality life insurance products and annuities. Nothing on this website is a recommendation to buy or sell an annuity. Compared to many modern insurance companies, EquiTrusts official website leaves much to be desired. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. Additional information. Working with an adviser may come with potential downsides such as payment of fees (which will May 1, 2008 EquiTrust Life Insurance Company (the "Company") is offering the. Annual Reports. EquiTrust Annuity Review | SmartAsset.com 2023, Consumer Agent Portal, LLC. However, EquiTrust was recognized as among the Wards 50 for their top-notch financial performance from 2013-2017. Sapiens end-to-end solution empowers EquiTrusts strategic initiative to increase sales with a more intuitive, engaging experience. 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. at 866-598-3694 or visit the Agent. For questions regarding cocodes please call us at: 816-783-8600. View contracts online. Equitrust Life Insurance Co Company Profile - Dun & Bradstreet COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. 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. American Republic - About Us EquiTrust Life Insurance has 125 employees. Complete the financial statements using software from an approved vendor. Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. Today, this company holds north of $17 billion in assets under management. AnnuityGator. Equitrust Annuity | MarketSeven Annuity - The Annuity Expert Type of Entity: Corporation. Equitrust Life Variable Account - Sec Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . Contract E-Delivery is Here! This material is not intended to provide investment advice to . We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Please fill out the form below and click "Place Order" to complete your order. At Annuity Gator, we take the frustration out of shopping for annuities. Our goal is to be an objective, third-party resource for everything insurance related. 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 Written by Vice President of Sales and Marketing. SmartAsset does not Tap into the digital era and reimagine your engagement with customers, the visibility you provide to agents and brokers, and the agility and flexibility with which you manage your business. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. However, for those who fit the bill, EquiTrust Life Insurance Company could be an excellent financial resource and tool. Avi Shekhtman Read more by Avi Shekhtman. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. Adviser or provide advice regarding specific investments. EquiTrust - Overview, News & Competitors | ZoomInfo.com Equitrust Life Insurance Co is a incorporated in the state of Iowa. Guggenheim Partners - Wikipedia For example, there is no outline of an official claims process or claims response timeframe to be found. 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. Financial Internet Filing Online User's Guide, For questions about statement filing: Personalized Illustrations. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. 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