Are Any of These Annuities Right for You? Applicant ages generally range between 50-85, and a Return of Premium Rider is also available at no additional charge. Client Brochure. Official website is sorely lacking. 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. ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES OMB APPROVAL: Form N-CEN. Transmit your filing to the NAIC via the Internet. And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. Sales Week: EquiTrust ads bring business to your doorstep or inbox. You wont have to worry about an extensive or invasive underwriting process when you choose EquiTrust for your insurance needs. In return, the client receives an instantly leveraged death benefit with long-term growth potential. Columbus, Ohio Area. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. This rating has decreased by -9% over the . Prior to August 2, 2013, the Company, formerly known as Sun Life Assurance Company of Canada (U.S.) (SLUS), was a member of the Sun Life Financial insurance holding company system. 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. You can also review index-linked life insurance offerings, such as EquiTrustsSecure SuiteLifeTM andGrowth SuiteLifeTMproducts. The Midland Life Insurance Co. Jan 1991 - Jan 19976 years 1 month. 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. Avoid market losses - guaranteed. Magic Johnson Enterprises - comprised of multiple business entities and partnerships - acquired a controlling interest in EquiTrust in 2015. We administer financial products for retirees, and Sapiens solution delivers a superior agent experience to market complex financial products that help protect our growing senior population.. A Name You Can Trust. Compound annual growth in premiums between -10% and +40% . Sapiens IllustrationPro for Life & Annuities is a cloud-first, point-of-sale illustration and quoting solution, offering a fully responsive, modern, intuitive user experience for the life and annuities and health markets. 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. Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. For more information visit https://www.EquiTrust.com. I started Insurance Blog by Chris because I have a passion for insurance. EquiTrust offers fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines. 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. However, the carrier does not provide a specific claims response timeframe promise. Please fill out the form below and click "Place Order" to complete your order. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. You can even use life insurance to provide yourself with more financial security while youre alive. So lets examine these policies closely to discover which one could be the best fit for your needs. A high rating from A.M. Best assures customers that EquiTrust is capable of offering guaranteed, secure coverage from a reputable carrier. Personalized Illustrations. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AnnuityGator.com offers independent annuity product reviews. Guggenheim Partners, LLC., purchased the company from FBL Financial Group, which EquiTrust was a subsidiary of since its establishment in 2003. The FBL Financial Group once owned EquiTrust, but Guggenheim Partners bought the company in 2011. In 2015, Magic Johnson Enterprises (MJE) became a controlling shareholder of the insurance provider. Subsequent annual maximum after year 1: $250,000 Contract maximum without prior EquiTrust approval: $1,000,000. Financial Statement Filing & Step Through Guide, Raymond G. 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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 . is in violation of the regulations of this system. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. EquiTrust has primarily focused on two main product lines: These are the two most common products with any life insurance carrier, since annuities and life insurance somewhat go hand-in-hand. Our principal business is offering life insurance policies and annuity contracts. Our goal is to be an objective, third-party resource for everything insurance related. Also, there are many dismal customer reviews across multiple sites detailing frustrating encounters with the insurance company, and disappointment in their coverage. So, is this a brand you and your family can trust for years to come? Licensed Insurance Agent. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. A financial services company newly renamed and offering individual and business life insurance, and annuities. The company offers fixed indexed, immediate and fixed annuities, as well as life insurance policies. If, however, the underlying performs poorly in a given period, there are no losses to your account. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. Who owns the EquiTrust Life Insurance Company? 10,000+ Employees. EquiTrust offers just one phoneline for all customer inquiries. The third, named WealthPay LifeTM, is really a combination product. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. Advertiser Disclosure: We strive to help you make confident insurance decisions. So, you can be sure that you and your spouse, partner, or other loved one can rely on income for the remainder of both of your lifetimes. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. Equitrust was a great company at one time. 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. Website at Agents.EquiTrust.com. Copyright 2020-2023|www.InsuranceBlogByChris.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. Rider terminates if Account Value is depleted by non-LTC withdrawals or surrender. What life insurance products does the EquiTrust Life Insurance Company offer? Two multi-asset, risk-controlled index options provide an extra level of diversification. West Des Moines, IA. Equitrust ChoiceFour Fixed Annuity is a fixed annuity offering choices to balance accumulation and liquidity needs. 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 . EquiTrust Cares is an excellent example of how this company values giving back and contributing to philanthropic organizations through paid time off for volunteering. Explore future meetings and access past event documents. Allstate Corporation has reached its limit for free report views. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. EquiTrust Life Insurance Company 62510 7100 Westown Parkway, Suite 200 West Des Moines IA 50266 8772493694 //-->