Answers regarding health care law and insurance. / Equitrust Life Insurance Company Inc; Equitrust Life Insurance Company Inc. Website. 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. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. AnnuityGator. 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. In October 2011, it acquired the life insurance company EquiTrust from FBL Financial Group. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. EquiTrust Life Variable Account . This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. Transform your core with next generation, digital-led solutions designed to deliver enhanced, frictionless experiences, and increase efficiency, revenue and success. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. 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 . 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. Access technology tools and resources for U.S. insurance regulators. advisors. EquiTrust Values. (816) 783-8600. It includes a death benefit, as well as a nursing home waiver. However, the insurance company is not accredited through the BBB. Product not available in all states or may vary by state. About Us. Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. A.M. Best, the leading global credit rating agency monitoring the insurance industry, gives EquiTrust a B++ rating, indicating the carrier is a good choice for insurance customers. A+ (excellent) rating by Better Business Bureau (BBB). Today, this company holds north of $17 billion in assets under management. For complete information about the cookies we use, data we collect and how we process them, please check our. Growth is based on current interest. Is the EquiTrust Life Insurance Company highly rated? Working with an adviser may come with potential downsides such as payment of fees (which will EquiTrust Life Insurance Company. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. Your email address will not be published. Please fill out the form below and click "Place Order" to complete your order. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. 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. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. 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 . At the end of the day, all the financial strength in the world cant make up for an insurance company that fails to cater to its customers. Quotes and offers are not binding, nor a guarantee of coverage. Surrender Charge. Your personal tax advisor can provide important . 2023, Consumer Agent Portal, LLC. All rights reserved. I started Insurance Blog by Chris because I have a passion for insurance. Sapiens DigitalSuite offers a dynamic, digital engagement and enablement platform for insurers to provide a unified, omni-channel experience. We strive to help you make confident insurance decisions. Our insurance industry partnerships dont influence our content. This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com. Established in 1899, A.M. Best is one of the oldest rating companies in the world. Equitrust was a great company at one time. EquiTrust Life is a specialized insurance company, with a focus on life insurance. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is Below are the most recent examination reports for each insurance company listed. No flexibility and no interest in promoting anyone who won't play their mean girl games. Royal Neighbors of America Royal Choice 10 Fixed Annuity Review Royal Neighbors of America Royal Choice 7 Fixed Annuity Review. Site features products, a retirement center offering financial strategies, and a press room. Thats why it can be helpful to have an expert on your side who provides objective, non-biased advice. 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. Phone Number: 3127023400 Company Address: 7100 WESTOWN PARKWAY, SUITE 200 WEST DES MOINES, IA 50266 Description: Life and Health . We award EquiTrust Life Insurance a final rating of 1.5 out of 5 stars. More. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. Posted: January 19, 2023. Everything I learned was self taught with demanding deadlines and being understaffed in our department. Access public conference call documents and information. We do not manage client funds or hold custody of assets, we help users connect with relevant financial Type of Entity: Corporation. 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. Exclusive, industry-focused manuals, data, and more. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. For this reason, theyre not suitable to meet everyones insurance needs. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. The rating was last updated on 09/09/2022. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. Complete the financial statements using software from an approved vendor. Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one if any is right for you? In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. Now, Magic Johnson Enterprises owns a large portion of the EquiTrust Life Insurance Company. EquiTrust even matches their employees charitable donations and pays employees for a day of volunteering during the year. The website also does not provide important information about claims processing. Most clients invest in an annuity to pursue accumulation or cash-flow goals. View actions considered by committees, task forces, and subgroups, as well as charges, schedules, and staff links. 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. //-->