Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. AnnuityGator. Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Our opinions are our own. The carrier is rather viewed as a financial tool for asset accumulation and estate or legacy planning. 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.. 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. 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.. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. 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. Are cheaper life insurance policies available? The carrier provides the following customer service options: EquiTrust sells its insurance products through a wide network of agents, including independent insurance agents. 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 . Access to every published model law, regulation, and guideline. Save my name, email, and website in this browser for the next time I comment. To be among the Ward's 50, each company must pass all safety and consistency screens, and have achieved superior performance over the five years analyzed. Consumers should always request life insurance quotes from at least three companies to ensure that they are picking the best policy for their coverage needs. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. For more information on how we're paid, click our link below.Full Disclosure. Keep reading to learn more about this company and what it can offer you. Growth is based on current interest. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . 54% of EquiTrust Life Insurance employees are women, while 46% are men. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. Only dismal customer reviews spotted across the web. reduce returns). 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. Active CPA and . law requires a life insurance producer to submit a form and pay a fee within 30. EquiTrust is a national carrier of competitive, client-friendly options, available through various distribution channels including more than 15,700 independent sales representatives and independent marketing organizations. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. It is built on the understanding that competitive returns and minimal taxation are . It is extremely important that all filings are accurate, complete, and timely. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. The policy shares its initial payment with an annuity, but the return collected through the annuity is eventually returned to the life insurance policy. Find contact information for insurance departments and local insurance agents, or file a complaint. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Comparison shopping should be easy. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. 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. No online claims reporting option. Their coverage offerings include: If youre on the market for life insurance or annuities, EquiTrust Life Insurance Company may have just the type of product youre looking for. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. 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. SmartAssets 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. View contracts online. The Certainty Select Annuity is EquiTrusts MYGA product. 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. If regulators cannot access the PDFs, they may contact the companies and the filings may be considered Not Filed.. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. The EquiTrust Life Insurance Company first opened its doors for business in 1996. Market Ten Bonus Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating.. Plus, there are tax advantages to owning a fixed annuity.. And the bonus isn't just in the name. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. 2021 Annual Report to Stockholders. 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 Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. 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 . 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 . FBL Financial Group Inc. does not currently have any hardcopy reports on AnnualReports.com. Minimum Premium: $10,000 NQ/Q. You can also request a quote from the company online. 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. Comparison shopping should be easy. A relative newcomer to the insurance industry, EquiTrust was established in 1996. Today, this company holds north of $17 billion in assets under management. Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. Plus, there are tax advantages to owning a fixed annuity. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. 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. A Name You Can Trust. The following is our unbiased EquiTrust Life Insurance Company Review, and it is solely based on our own opinion. No flexibility and no interest in promoting anyone who won't play their mean girl games. 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. As always, conduct your own research on a variety of carriers before signing any paperwork. The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. 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. These policies are single-premium, and you must pay at least $10,000 to activate your policy. Required fields are marked *. Compound annual growth in premiums between -10% and +40% . From the beginning, the company was dedicated to providing personal insurance services to individuals and families at an affordable price. Rachael Brennan MONTHLY OVERVIEW: February updates, recaps and department news. This annuity features both single life and joint life payout options. Steps to Completing a Financial Statement Filing. 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. For this reason, theyre not suitable to meet everyones insurance needs. The insurance company also has a social media presence on Facebook, LinkedIn, and Twitter, which makes them more accessible to customers. The official website is also lacking common customer service options such as getting matched with an agent or requesting quotes. EquiTrust Life Insurance Company is likely suitable for a very small number of consumers, but can be a great company for applicants to work with if the shoe fits. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. 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. [CDATA[// >