Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. administrators. Complete the financial statements using software from an approved vendor. ]]> at 866-598-3694 or visit the Agent. EquiTrust Values. 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. Account Options. EquiTrust currently offers three life insurance products. When evaluating rates, please verify directly with your insurance company or agent. and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. A.M. Best, the leading global credit rating agency monitoring the insurance industry, gives EquiTrust a B++ rating, indicating the carrier is a good choice for insurance customers. advisors. Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. It is extremely important that all filings are accurate, complete, and timely. 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. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. Answers regarding health care law and insurance. In addition, premiums paid into the policy at approval see a 12% bonus immediately. All Rights Reserved. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) Allstate Corporation has reached its limit for free report views. EquiTrust offers just one phoneline for all customer inquiries. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. EquiTrust Life Insurance Company. The carrier does have a couple of decades worth of experience under its belt in the industry now, and has a high rating through the BBB. 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. reduce returns). And just . 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. AnnuityGator. 54% of EquiTrust Life Insurance employees are women, while 46% are men. At the end of the day, all the financial strength in the world cant make up for an insurance company that fails to cater to its customers. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. 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. 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. EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. If you put $100,000 into an annuity, you'll see $100,000 on your statement. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is This is not an offer to buy or sell any security or interest. With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. Click the button below to request a report when hardcopies become available. A relative newcomer to the insurance industry, EquiTrust was established in 1996. A glossary of insurance terms and definitions. Our principal business is offering life insurance policies and annuity contracts. Title. 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 . Its virtually impossible to find any customer reviews above a 1-star rating anywhere on the web, which says a ton about the carriers customer service practices. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. MARKETTWELVE BONUS INDEXfrom EquiTrust Life Insurance Company gives you benefits when markets are rising, and security when they're fluctuating. 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 . EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. Copyright 2022 Sapiens International. law requires a life insurance producer to submit a form and pay a fee within 30. Active CPA and . Comparison shopping should be easy. For more information visit https://www.EquiTrust.com. BBB File Opened: 8/13/2012. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. For questions regarding cocodes please call us at: 816-783-8600. The more quotes you compare, the more chances to save. PA 2700-FM-AQ0021 2007 . Questions? Product not available in all states or may vary by state. Transmit your filing to the NAIC via the Internet. Adviser or provide advice regarding specific investments. All Rights Reserved | Privacy Policy, Independent Review of Fidelity and Guaranty Life Insurance Company, Independent Review of Eagle Life Insurance Company, We use cookies to enhance your experience while using our website. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. 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. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. Sapiens IllustrationPro, Sapiens ApplicationPro and Sapiens DigitalSuite support EquiTrust Lifes key product offerings by providing comprehensive, new business illustrations with enhanced solutions for complex scenarios with split second calculations, and an interactive experience to reduce re-keying, resulting in fewer errors, faster time to decision and better engagement. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. 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. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services. 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. Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. of the law. Our insurance industry partnerships dont influence our content. Here at the blog, our job is to educate and inform people about the best insurance for them. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. Must pass suitability requirements. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. EquiTrust cannot give legal, tax or accounting advice. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Select a state or jurisdiction for insurance department contact information. 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. Its A+ rating through the BBB is impressive, though. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. Save my name, email, and website in this browser for the next time I comment. Founder of Huntley Wealth & Insurance Services. Your email address will not be published. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. For more information on how we're paid, click our link below.Full Disclosure. Click the links below for: Agent Guide. Sapiens IllustrationPro for Life & Annuities is a cloud-first, point-of-sale illustration and quoting solution, offering a fully responsive, modern, intuitive user experience for the life and annuities and health markets. At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. For example, there is no outline of an official claims process or claims response timeframe to be found. Copyright 2023 BestLifeRates.org, LLC. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. 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 principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. 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. 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. In June of 2015, Earvin "Magic" Johnson became majority owner of EquiTrust Life Insurance, the largest minority-owned life insurance company in the history of the country at $22 billion in assets.
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