Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC 28277 and, in New York only, by Brighthouse Life Insurance Company of NY, New York, NY 10017 (Brighthouse Financial). All Rights Reserved. For any applicants suffering from an illness or worrying about their current state of health, you can breathe a sigh of relief. All are Brighthouse Financial affiliated companies. This policy stands apart because it is the combination of a life insurance policy and an annuity. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. Company Details EQUITRUST LIFE INSURANCE COMPANY License Status : Active NAIC Number : 62510. 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 . Please read the risks discussed under the heading Risk Factors in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. Click the button below to request a report when hardcopies become available. 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. Many customers also trust EquiTrust to handle retirement income or wealth transfer. EquiTrust Life Insurance Company. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) 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. Links for Internet Filing are provided to the right. Are cheaper life insurance policies available? 4.0 . There are many reputable life insurance companies in the market today that sell a wide variety of policies. Company number. 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 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. Minimum Premium: $10,000 NQ/Q. Licensed Insurance Agent. I was hired just before the annual reporting with little to no training or guidance from management. Choices. A financial services company newly renamed and offering individual and business life insurance, and annuities. No official claims response timeframe promise. Applicant Ages: 0-85 (no IBR); 40-85 (with IBR. EquiTrust Life Insurance Company has an overall rating of 3.4 out of 5, based on over 16 reviews left anonymously by employees. (Annual sales and employees). 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. Answers regarding health care law and insurance. at 866-598-3694 or visit. (816) 783-8089orAcctgRec@naic.org, For questions about NAIC Numbers or cocodes call: (816) 783-8600orFDRadmin@naic.org, For questions about filing fees or accounts receivable: Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. SEC CIK #0001054501. About Us. Account Options. Established in 1899, A.M. Best is one of the oldest rating companies in the world. 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 . 2023, Consumer Agent Portal, LLC. 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. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. Get your Bridge toolkit today. As always, conduct your own research on a variety of carriers before signing any paperwork. 1. We provide tools and resources to help regulators set standards and best practices, provide regulatory support functions, and educate on U.S. state-based insurance regulation. FBL Financial Group, Inc. is a financial services holding company, headquartered in West Des Moines, Iowa, and traded on the New York Stock Exchange under the symbol FFG. Your email address will not be published. The Certainty Select Annuity is EquiTrusts MYGA product. 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. 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. Our three-year blueprint for the future shows the way toward building on existing strengths. EquiTrust currently offers three life insurance products. We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. Enter your ZIP code below to view companies that have cheap insurance rates. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. 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. Years in Business: 10. Business Started: 8/1/2012. It has also earned some pretty impressive accolades, including being recognized in 2017 and 2018 among the Wards 50 of top life and health insurance companies. Allstate Corporation has reached its limit for free report views. 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. SmartAssets Reviewed by 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. We attempt, within reason, to ensure all quotes are up to date, though rates change periodically and are never guaranteed. reduce returns). Bottom Line: EquiTrust is known for offering life insurance that does not require medical exams, and has even been recognized as a top performing insurance company by Wards. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. 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. Contract E-Delivery is Here! Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. A Name You Can Trust. All investing involves risk, including loss of Having a problem with an insurance company or agent? Working with an adviser may come with potential downsides such as payment of fees (which will The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. 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. For more information visit https://sapiens.com or follow us on LinkedIn. registered with the U.S. Securities and Exchange Commission as an investment adviser. An annuity is a fixed amount of money paid to you from an insurance firm. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. The more quotes you compare, the more chances to save. This material is not intended to provide investment advice to . Unlike most of the top ten best life insurance companies weve rated thus far, EquiTrust Life is more of a niche insurer, meaning they definitely have a specialty and dont stray far from it. Our insurance industry partnerships dont influence our content. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. For customers who arent as familiar with insurance companies respective reputations, A.M. Bests ratings system allows them to make an informed decision about who they can trust to meet their needs in the short term, and also to remain a strong, financially sound company in the long term. Sales Week: Simple technology to boost Bridge sales register for our webinar to see a demo! Permission and instructions to access this system can be obtained from the SmartAsset access control Raleigh, N.C., Jun21, 2022 Sapiens 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 . 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. Contract issued on Form Series ICC12-ET-EIA-2000 (01-12) or ET-EIA-2000 (06-04). Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. Report Flag as Inappropriate. Please fill out the form below and click "Place Order" to complete your order. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. In June of 2015, Magic Johnson Enterprises (MJE) became controlling shareholder of EquiTrust. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. Product offerings include index-linked life insurance primarily for the purpose of wealth transfer and annuities for income. EquiTrust earns this recognition for performance from 2017 through 2021. document.write((new Date()).getFullYear()); EquiTrust began working with independent insurance agents and expanded its reach from just 15 states to a nationwide presence in 2003. 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. Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. For over 20 years, the EquiTrust Life Insurance Company has helped consumers purchase high-quality life insurance products. EquiTrust Life Insurance Company 2022 Ratings. What life insurance products does the EquiTrust Life Insurance Company offer? Call Sales Support. The guarantees expressed are based on the claims paying ability of EquiTrust Life Insurance Company. View contracts online. The advisors. It is extremely important that all filings are accurate, complete, and timely. For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. Surrender charges may vary by state. Exclusive, industry-focused manuals, data, and more. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines.
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