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 . An optional terminal illness rider may be added for an additional premium cost. Here, for instance, the ChoiceFour Annuity features a one-year annual reset interest rate, and a choice of four different contract variations, including a(n): For more details on the EquiTrust Choice Four annuity, go HERE. The Certainty Select Annuity is EquiTrusts MYGA product. The Life and Annuity Claims Manager is responsible for management, leadership and oversight of the Life and Annuity Claims Department overseeing death and contractual living benefits processing team. Complete the financial statements using software from an approved vendor. 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. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. A+ (excellent) rating by Better Business Bureau (BBB). The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. A vast majority (over 95%) of these assets are considered investment grade, though . Our goal is to be an objective, third-party resource for everything insurance related. Equitrust Life Insurance's annual revenues are $100-$500 million, The Premium Equitrust Life Insurance Company Report. We have the right one for you. EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. Today, its corporate headquarters is located in Chicago, Ill., where it actively gives back to the community. In return, the client receives an instantly leveraged death benefit with long-term growth potential. Two multi-asset, risk-controlled index options provide an extra level of diversification. 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. Keep reading to learn more about this company and what it can offer you. If you dont want to worry about missing a payment on your life insurance, you may be intrigued by EquiTrusts WealthSure Life insurance policy. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. 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. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Please fill out the form below and click "Place Order" to complete your order. If you dont have an extra $10,000 lying around, though, you may want to investigate other insurance companies that offer more affordable whole life insurance policies. However, the insurance companys rating through A.M. Best is noticeably lower than many other modern carriers, despite them being known for having reputable financial strength. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. Surrender charges may vary by state. 2021 Annual Report to Stockholders. 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. Insurer Ratings and Better Business Bureau Grade. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. 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. 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. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as . 2023, Consumer Agent Portal, LLC. Marketing & Admin News. Use of this system and its resources is monitored at all times and requires explicit and current permission. As always, conduct your own research on a variety of carriers before signing any paperwork. Our opinions are our own. You will also need to make a payment of at least $10,000. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. 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. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is According to the lawsuit, EquiTrust designed a . Applicants must be between 60 and 80 to apply for this policy, which also features an Accelerated Death Benefit Rider, flexible premium allocation, and index credits. 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 . 10,000+ Employees. D&B Hoovers TM Wins 3 Best Of Awards from TrustRadius! At a minimum, applicants would only need to answer medical-related questions or complete a short phone interview. No separate claims reporting hotline. of the law. Access to every published model law, regulation, and guideline. Account Options. 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. Full-Time. 2020 Annual Report to Stockholders. Sapiens simple, intuitive, device-agnostic user engagement with flexible branding and integrations enhances EquiTrust Lifes partner experience. The rating was last updated on 09/09/2022. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. For questions regarding cocodes please call us at: 816-783-8600. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. Should you feel confident pursuing EquiTrust for your insurance needs? If you have any questions or concerns regarding your EquiTrust account, you can call 866-598-3692 or submit a message via an online form. 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. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. MONTHLY OVERVIEW: February updates, recaps and department news. EquiTrust Life Insurance review. Here at the blog, our job is to educate and inform people about the best insurance for them. ]]> 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. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . If your company does not have an NAIC Company code (sometimes called "NAIC Number" or "cocode"), obtain one by completing the Company Code Application. EquiTrust Life Insurance Company is a stock life insurance company which was incorporated in the State of Iowa on June 3, 1966. Shopping for a company? Save my name, email, and website in this browser for the next time I comment. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Personalized Illustrations. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. West Des Moines, IA. Explore our open opportunities for your chance to join our team. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. Revenue: $100 - $500 million See Exact Annual Revenue: EquiTrust Life Insurance has 125 employees. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Have questions about any kind of insurance? In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. 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. Get your Bridge toolkit today. Variable products are distributed by Brighthouse Securities, LLC (member FINRA). Applicant ages generally range between 60-80. Avi Shekhtman Read more by Avi Shekhtman. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance. We update our site regularly, and all content is reviewed by insurance experts. The 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. Permission and instructions to access this system can be obtained from the SmartAsset access control 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. EquiTrust Values. The more quotes you compare, the more chances to save. While the EquiTrust Life Insurance Company ratings prove that this company offers reliable products and great customer service, many people cant afford to pay $10,000 at the drop of a hat. Click the button below to request a report when hardcopies become available. The insurance companys official website could use a complete overhaul, and does not provide many customer service options todays insurance customers have come to expect such as online claims reporting or getting matched with an agent. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. However, the carrier does not provide a specific claims response timeframe promise. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Client-Use Renewal-Rates Flyer. Access forms, tools, and resources for individuals and organizations to file forms, improve efficiency, and remain compliant. 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. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Avoid market losses - guaranteed. Active CPA and . Call (866) 598-3694. 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. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. 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. 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.. View contracts online. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. This information is designed to help you with your decision-making, and it is not intended to provide advice. Vice President of Sales and Marketing. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. Download Acrobat Reader free of charge. Plus, there's the added benefit of tax advantages offered by a fixed annuity. Report Flag as Inappropriate. EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. Overview. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. It also serves several other regulatory information needs, such as mandated: experience analysis for particular lines or sublines for individual companies and groups; general market structure and performance analysis; and statistics by company, groups or the industry as a whole. Founder of Huntley Wealth & Insurance Services. Dina Vince Head of Investor Relations, Sapiens. For complete information about the cookies we use, data we collect and how we process them, please check our. This policy stands apart because it is the combination of a life insurance policy and an annuity. Required fields are marked *. 54% of EquiTrust Life Insurance employees are women, while 46% are men. EquiTrust specializes in life insurance. Thankfully, plenty of free resources can help you shop for your insurance, like the EquiTrust Life Insurance Company ratings from customers and company watchdogs alike. Based in Northbrook, Illinois. 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. EquiTrust Life Insurance Company Reviews. And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. You can selectively provide your consent below to allow such third party embeds. Report Date: July 1, 2022 Company Count: 385 COMPANY NAME NAIC# PHONE# 4 Ever Life Insurance Company 80985 2 Mid America Plaza, Suite 200 Oakbrook Terrace IL 60181-4712 8889234227 . 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. However, what were most concerned with is whether or not an insurance company takes care of its hardworking customers and delivers on the coverage promises it makes. Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. Answers regarding health care law and insurance. Only dismal customer reviews spotted across the web. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: 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. [CDATA[// >