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. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. 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. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. Declining surrender charge, based on 9-year schedule. With such policies, your loans, withdrawals, and surrenders are taxed as income first and could be subject to an additional federal tax penalty of 10% if made before the age of 59. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. For complete information about the cookies we use, data we collect and how we process them, please check our. EquiTrust Life Insurance Company Reviews. Learn more Arizona Department Of Insurance 2012/2013 Annual. Are cheaper life insurance policies available? Surrender charges may vary by state. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. Developments and trends in financial markets and insurer investments. No official claims response timeframe promise. Financial Statement Filing & Step Through Guide, Raymond G. 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Learn more Related links form. Copyright 2022 Sapiens International. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. So, feel free to reach out to us by phone at (888) 440-2468, or via email through our secure online contact form and schedule a time to chat with us. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: With a trusted expert in your corner, finding the perfect combo of coverage and cost is a breeze. All rights reserved. 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 Insurance Company 2022 Ratings. Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. 2. Annual Reports. 2023, Consumer Agent Portal, LLC. Financial Internet Filing Online User's Guide, For questions about statement filing: Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. We have the right one for you. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. 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. Access technology tools and resources for U.S. insurance regulators. The EquiTrust Life Insurance Company first opened its doors for business in 1996. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . EquiTrust Life Annuity Account - SEC.gov. The EquiTrust Life Insurance Company ratings indicate that this company will have . 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. A vast majority (over 95%) of these assets are considered investment grade, though . at 866-598-3694 or visit the Agent. 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. EquiTrust Life is a specialized insurance company, with a focus on life insurance. As a result of hard work and talented people, we are doing well. So, is this a brand you and your family can trust for years to come? But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. Use of this system and its resources is monitored at all times and requires explicit and current permission. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. Nothing on this website is a recommendation to buy or sell an annuity. Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. Find contact information for insurance departments and local insurance agents, or file a complaint. In return, the client receives an instantly leveraged death benefit with long-term growth potential. 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. For more information visit https://www.EquiTrust.com. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. 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. It is extremely important that all filings are accurate, complete, and timely. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. document.write((new Date()).getFullYear()); Transmit your filing to the NAIC via the Internet. Allstate Corporation has reached its limit for free report views. When evaluating rates, please verify directly with your insurance company or agent. 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. 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. No flexibility and no interest in promoting anyone who won't play their mean girl games. 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. 1.9. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. If, however, the underlying performs poorly in a given period, there are no losses to your account. Allstate Corporation. platform based on information gathered from users through our online questionnaire. We update our site regularly, and all content is reviewed by insurance experts. This information is designed to help you with your decision-making, and it is not intended to provide advice. FBL currently underwrites, markets and distributes life insurance, annuities and mutual funds to individuals and small businesses. An optional terminal illness rider may be added for an additional premium cost. EquiTrust currently offers three life insurance products. And the bonus isn't just in the name. 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. Have a question or request? EquiTrust provides phone claims reporting as well as fax and email claims reporting options for their customers. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. You place money into an account, and the agency invests it so that it will grow. Award-Winning Sales Intel. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. 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. Our insurance industry partnerships dont influence our content. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! Today, this company holds north of $17 billion in assets under management. Questions? 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. If you do not have permission, continuing to attempt to access this site and its resources Jun 2022 - Present10 months. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. Posted: January 19, 2023. (Annual sales and employees). We also use content and scripts from third parties that may use tracking technologies. Avi Shekhtman Read more by Avi Shekhtman. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Size and financial strength arent big stand-out factors for this provider, but their unique line of insurance products gives this specialty company a solid niche market to work with for years to come. Two multi-asset, risk-controlled index options provide an extra level of diversification. 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. 54% of EquiTrust Life Insurance employees are women, while 46% are men. review the ongoing performance of any Adviser, participate in the management of any users account by an Money cant buy happiness, but purchasing a life insurance policy can give your loved ones the gift of financial security if you were to pass unexpectedly. However, the insurance company is not accredited through the BBB. . However, the carrier does not provide a specific claims response timeframe promise. 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.
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