You should not rely upon forward-looking statements as predictions of future events. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. provides independent information for the purpose of providing consumers insight into obtaining the best life insurance coverage from the best life insurance company they could obtain, subject to underwriting. And the bonus isn't just in the name. Working at EquiTrust Life Insurance Company: 17 Reviews Choices. But in 2015, Magic Johnson Enterprises, which is owned by basketball hall-of-famer Magic Johnson, bought a controlling interest in EquiTrust. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Many customers also trust EquiTrust to handle retirement income or wealth transfer. 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. Enter your ZIP code below to view companies that have cheap insurance rates. Plus, there's the added benefit of tax advantages offered by a fixed annuity. Declining surrender charge, based on 9-year schedule. This policy stands apart because it is the combination of a life insurance policy and an annuity. Therefore, the PDFs cannot be made available to state insurance regulators. Leveraging Sapiens toolkit, the solution provides self-sufficiency and reduces total cost of ownership. Report Locked. According to the lawsuit, EquiTrust designed a . NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. You will also need to make a payment of at least $10,000. AM Best Revises Issuer Credit Rating Outlook to Positive for EquiTrust Life Insurance Company OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of "bbb" of EquiTrust Life Insurance Company (EquiTrust) (Chicago, IL). 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. registered with the U.S. Securities and Exchange Commission as an investment adviser. Life and Annuity Claims Manager Job in West Des Moines, IA at EquiTrust at 866-598-3694 or visit. As a result of hard work and talented people, we are doing well. PA 2700-FM-AQ0021 2007 . Jackson National Perspective II Lifeguard Freedom Flex, Independent Review of EquiTrust Life Insurance Company, Independent Review of the EquiTrust Choice Four Fixed Annuity, Independent Review of the EquiTrust Certainty Select MYGA Annuity. As you can see, because of the advanced nature of their life insurance products, EquiTrust is not commonly used for basic life insurance coverage, such as term life insurance. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. Chris Huntley 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. Insurtech Customer Success Stories; With Xceedance, Sapiens, Opal, and CommBox, SAPIENS REPORTS Q4 AND FULL YEAR 2022 FINANCIAL RESULTS, South African Insurer Hollard Group Risk Implements Sapiens for Complete Core Transformation for Life & Pensions, How to make insurance appealing to millennials, Gen Z, MS Amlin Insurance Selects Sapiens for Transformation of its Commercial Lines Operations across Multiple Countries. Written by These ratings are considered Good, but many consumers become wary of insurance companies not rated a minimum of A or better. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . Annual Report on Equitrust Life Insurance's Revenue, Growth, SWOT For questions regarding cocodes please call us at: 816-783-8600. 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. Our insurance industry partnerships dont influence our content. Who owns the EquiTrust Life Insurance Company? 2021 Annual Report to Stockholders. 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. Product not available in all states or may vary by state. . Click to subscribe for email notifications of new items posted to this page. American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. Marketing & Admin News. In the event of a full surrender, applies to accumulation value and any . Before purchasing any investment product be sure to do your own due diligence and consult a properly licensed professional should you have specific questions as they relate to your individual circumstances. Client Brochure. We are very excited to partner with EquiTrust Life on their digital transformation journey, said Jamie Yoder, Sapiens North America President & General Manager. 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. Columbus, Ohio Area. Because of its high ratings, award-winning recognition, and impressive progression over time, EquiTrust Life Insurance Company has developed a reputation as a financially stable insurance company with a positive outlook for the future. Select a state or jurisdiction for insurance department contact information. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). 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. 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. Weve researched and reviewed hundreds of annuities over the years, and we continue to add new information to our annuity review database, which can be accessed at no cost anytime. (See more.) review the ongoing performance of any Adviser, participate in the management of any users account by an 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. Research and analysis on important insurance issues. Sapiens not only provides a wide array of best-of-breed solutions, but we also truly understand our customers operational goals and are committed to delivering best-in-class solutions, seamlessly to drive growth and deliver value. This rating has decreased by -9% over the . 2020 Annual Report to Stockholders. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. Description. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. Learn more Related links form. The insurance company was originally a subsidiary of the FBL Financial Group, and began operating in the independent insurance channel in 2003. EquiTrust Life Insurance Company On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. A vast majority (over 95%) of these assets are considered investment grade, though more than 40% are not invested in A or better investment classes. This annuity features both single life and joint life payout options. Atlanta Life Insurance - Atlanta Life Insurance EXAMINATION REPORT OF EQUITRUST LIFE INSURANCE COMPANY WEST DES MOINES, IOWA AS OF DECEMBER 31, 2011 . The company also offers roadside assistance and ridesharing coverage options. 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. [CDATA[// >