equitrust life insurance company annual report

SEC CIK #0001054501. This partnership has broadened EquiTrusts reach when it comes to diversity in the workplace and corporate community impact initiatives. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions our lengthy and complex sales cycles, which do not always result in the realization of revenues the degree of our success in retaining our existing customers or competing effectively for greater market share difficulties in successfully planning and managing changes in the size of our operations the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream the challenges and potential liability that heightened privacy laws and regulations pose to our business occasional disputes with clients, which may adversely impact our results of operations and our reputation various intellectual property issues related to our business potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers systems risks related to the insurance industry in which our clients operate risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations in currency exchange rates and risks related to our principal location in Israel and our status as a Cayman Islands company. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. The It is extremely important that all filings are accurate, complete, and timely. at 866-598-3694 or visit the Agent. 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. Financial Ratings. A glossary of insurance terms and definitions. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Domestic and international policy and outreach initiatives. Working with an adviser may come with potential downsides such as payment of fees (which will Account Options. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . Compound annual growth in premiums between -10% and +40% . 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. 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. Minimum Premium: $10,000 NQ/Q. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. Our principal offices are at 5400 University Avenue, West Des Moines, Iowa 50266. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. All are Brighthouse Financial affiliated companies. The rating was last updated on 09/09/2022. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) Our insurance industry partnerships dont influence our content. EquiTrust Life Insurance Company is considered to be stable financially, and because of that, the company has earned the following ratings from the insurer rating agencies: B++ from A.M. Best Company. And just . NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. 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. 2023, Consumer Agent Portal, LLC. Avi Shekhtman Read more by Avi Shekhtman. Columbus, Ohio Area. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. The MarketSeven Fixed Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. 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. Discover our framework to drive change and promote accountability in our workplace. Adviser or provide advice regarding specific investments. Exclusive, industry-focused manuals, data, and more. There are no guarantees that working with an adviser will yield positive returns. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. Today, this company holds north of $17 billion in assets under management. Market Value Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. Equitrust Life Insurance Fast Facts. 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. Call (866) 598-3694. Call Sales Support. Steps to Completing a Financial Statement Filing. 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. The EquiTrust Life Insurance Company ratings indicate that this company will have . We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. Additional information. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. By contacting us you may speak with an insurance licensed agent in your state, and you may be offered insurance products for sale. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. In 2016, EquiTrust surpassed $17 billion in total assets. Having a problem with an insurance company or agent? The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). 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. Reviewed by 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 . Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. In February 2010, Guggenheim Partners acquired Security Benefit Corp, parent company of Rydex Funds. Award-Winning Sales Intel. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. EquiTrust Life Insurance Company has been around since 1996. Consumers can utilize these products to not only protect themselves, but to also potentially grow and leverage their cash. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Are Any of These Annuities Right for You? Two multi-asset, risk-controlled index options provide an extra level of diversification. When it comes to annuities, EquiTrust offers one-year renewable, multi-year, and index-linked accumulation products along with a single premium immediate payout annuity. Our founder was born into slavery and grew Our annuity experts are also available to answer any of the question or concerns that you may have, whether you are just starting to shop for an annuity, or youve owned one for some time and you want to ensure that its still performing the way it was meant to. Answers regarding health care law and insurance. Call Sales Support. Records required to be maintained according to the Company's record retention policy, include policyowner files, orders for fund shares, daily unit value computations, bank account records, reconciliation and . document.write((new Date()).getFullYear()); Discover tools and resources to help you understand different types of insurance, claims processes, and practical tips to help support you through every stage of your life. For complete information about the cookies we use, data we collect and how we process them, please check our. There are many reputable life insurance companies in the market today that sell a wide variety of policies. Offers life insurance and annuities. The phoneline contact option is offered at restricted hours, Monday-Friday. In return, the client receives an instantly leveraged death benefit with long-term growth potential. 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 . property-casualty insurance companies for a management fee. Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. According to the lawsuit, EquiTrust designed a . 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. In 2012, Guggenheim affiliates acquired the US annuities business of Canadian insurers Industrial Alliance and Sun Life Financial. You will also need to make a payment of at least $10,000. Dina Vince Head of Investor Relations, Sapiens. If, however, the underlying performs poorly in a given period, there are no losses to your account. Therefore, the PDFs cannot be made available to state insurance regulators. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. September 9, 2022 @sherylwilliams_email. Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. Overall, WalletHub's editors give Erie Insurance a rating of 3.4/5, as the company has a reputation for offering good . Plus, there's the added benefit of tax advantages offered by a fixed annuity. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. Here at the blog, our job is to educate and inform people about the best insurance for them. 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. It was incorporated under the laws of Delaware on January 12, 1970 and commenced business on January 1, 1973. 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 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. What is the EquiTrust Life Insurance Company? from WalletHub and across the web. EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust.