Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. The EquiTrust Life Insurance Company first opened its doors for business in 1996. EquiTrust Life Insurance Company. 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. For financial reporting, their fiscal year ends on December 31st. FBL Financial Group, headquartered in West Des Moines, Iowa, is a holding company whose primary operating subsidiaries are Farm Bureau Life Insurance Company and EquiTrust Life Insurance Company. Have questions about any kind of insurance? This is the EquiTrust Life Insurance Company company profile. Get your Bridge toolkit today. Working with an adviser may come with potential downsides such as payment of fees (which will 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. 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. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. No mention of an insurance company or its prices is an offer for life insurance, and all users and applicants shall be subject to any and all underwriting requirements by the insurance company in which you apply. 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. Violators can and will be prosecuted to the full extent 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. 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. Earvin "Magic" Johnson's Equitrust Funds Over $100 Million In PPP According to the lawsuit, EquiTrust designed a . This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. Thankfully, plenty of free resources can help you shop for your insurance, like the EquiTrust Life Insurance Company ratings from customers and company watchdogs alike. Written by 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. With solid core values of integrity, leadership, accountability, teamwork, and passion, EquiTrust is certainly worth looking into if their product suite aligns with your financial needs and lifestyle. If you put $100,000 into an annuity, you'll see $100,000 on your statement. The most common ethnicity at EquiTrust Life Insurance is White (76%), followed by Hispanic or Latino (11%) and Asian (7%). Get Equitrust Annuity Partial Withdrawal Form Et 2512 Form Date Form Name Number Line Of Business; 2021/10/01: 1035 Exchange Instructions: 436-830.pdf: Annuity: 2011/04/01: 1-Year Avg Participation Index Account Specimen 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. Sell EquiTrust Life Insurance Company Annuities | New Horizons While the EquiTrust Life Insurance Company ratings prove that this company offers reliable products and great customer service, many people cant afford to pay $10,000 at the drop of a hat. EquiTrust Annuity Review | SmartAsset.com The website also does not provide important information about claims processing. services are limited to referring users to third party advisers registered or chartered as fiduciaries 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 . (816) 783-8400, For questions about the database & electronic filing: The flexible, component-based platform can be leveraged together with Sapiens core solutions or on top of other (non-Sapiens) solutions. American Republic - About Us Award-Winning Sales Intel. A+ (excellent) rating by Better Business Bureau (BBB). EquiTrust Values. Customers can call the carrier or contact their independent insurance agent if they have questions about how to file. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you. Brighthouse Financial, Inc. Brighthouse Financial and its design are registered trademarks of Brighthouse Financial, Inc. and/or its affiliates. Today, this company holds north of $17 billion in assets under management. At the annual or special meeting of shareholders, a majority of the shares entitled to vote, represented in person or by proxy, constitute a quorum for . Company Profile & Annual Report for Equitrust Life Insurance Access the complete profile. Only dismal customer reviews spotted across the web. In return, the client receives an instantly leveraged death benefit with long-term growth potential. Claim types include Death Claims, Nursing Home Waivers, Annuitizations, Accelerated . Required fields are marked *. 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. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. Compare Quotes From Top Companies and Save. 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. Independent insurance agents can help make customer service easier for you by handling claims and other concerns. Their life insurance policies come with the following perks: Your independent insurance agent can help you find out more about EquiTrusts life insurance policies, as well as their other products. 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. Please fill out the form below and click "Place Order" to complete your order. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! We were looking for one vendor to drive our digital transformation and accelerate innovation within our agent sales process. EquiTrust Life Insurance Company was founded in 1996, giving the carrier just about a quarter of a centurys worth of experience in the industry today. You should also note that a WealthMax Bonus Life is typically issued as a Modified Endowment Contract. No separate claims reporting hotline. Our founder was born into slavery and grew Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. COMPANIES; REPORTS; LAWS, RULES & GUIDANCE; Company search. EquiTrust Life Insurance Company hiring Life and Annuity Claims Manager There are many reputable life insurance companies in the market today that sell a wide variety of policies. Market Ten Bonus Index Annuity from EquiTrust Life Insurance Company gives you the benefits when markets are rising and protection when they're fluctuating.. Plus, there are tax advantages to owning a fixed annuity.. And the bonus isn't just in the name. Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management. Is the EquiTrust Life Insurance Company highly rated? The third, named WealthPay LifeTM, is really a combination product. EquiTrust Cons: Not a BBB accredited company. 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. Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. PDF Examination Report of Delaware Life Insurance Company As of December 31 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. All are Brighthouse Financial affiliated companies. Vice President of Sales and Marketing. Licensed Insurance Agent. EquiTrust is a national carrier of competitive, client-friendly annuity and life insurance products, available through a national network of independent sales representatives. EquiTrust Life Annuity Account - SEC.gov. Guarantees subject to the claims-paying ability of EquiTrust Life Insurance Company. 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. 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. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. With that in mind, fixed index annuities may be considered the best of both worlds growth potential without risk. N-CEN: Filer Information - whalewisdom.com Sales Week: EquiTrust ads bring business to your doorstep or inbox. How Do Annuity Agent Commissions Work? - The Balance 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. Complete the financial statements using software from an approved vendor. Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers digital transformation. EquiTrust Agent Portal is in violation of the regulations of this system. Equitrust was a great company at one time. EquiTrust Life Insurance Company has been around since 1996. The insurance company does not list their official claims process on their website beyond how to file. All insurance rates, products, and services are presented without warranty and guarantee. EquiTrust earns this recognition for performance from 2017 through 2021. A Name You Can Trust. LEARN MORE Alonzo Franklin Herndon Founder Born from a bright dream. As a result of hard work and talented people, we are doing well. The WealthMax Bonus Life policy can potentially grow since it is tied to a stock market index. Site features products, a retirement center offering financial strategies, and a press room. EquiTrust Life Insurance Review - Good Financial Cents The company also has proven that its products can help consumers leave behind an immense financial gift for their loved ones and bring financial security to their own lives. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matchin EquiTrust Agent Portal 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. Annuity riders may be available for an additional annual premium that can provide additional benefits and income guarantees. Managers play favorites, have created a hostile environment where bullying their employees is acceptable. EquiTrust Pros: About a quarter of a centurys worth of experience in the insurance industry. Download Acrobat Reader free of charge. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. Our goal is to be an objective, third-party resource for everything insurance related. EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. This serves to assist in preventing insolvencies for which liability is imposed on insurers under state guaranty fund laws. Examination Reports | Iowa Insurance Division On Tuesday, MJE, which Johnson founded in 1987, said it completed its planned acquisition for a "majority, controlling interest" in EquiTrust Life Insurance Company, which manages $14.5 billion in . In June 2015, Magic Johnson Enterprises became the majority shareholder, making EquiTrust Life Insurance one of the largest minority-owned life insurance company in the history of the country at $25.7 billion in assets. 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. These include: While all of EquiTrusts policies can help you increase your wealth, each is unique. EquiTrust Life Insurance Company . 2023, Consumer Agent Portal, LLC. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Financial Ratings. EquiTrust Life will provide a 12 percent bonus paid over three years. If youre looking for life insurance or annuities from an insurance company that makes its customers a priority, we strongly encourage you to work together with your independent insurance agent to survey all other options before settling on EquiTrust Life Insurance Company as your trusted carrier. Term life insurance policies only last for a set number of years, but you can get an immense amount of coverage at a very low rate, as you can see here: Many insurance companies even offer term policies that can be converted into permanent coverage without the need to reassess your inseparability. 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. The insurance company also received recognition on Wards list of the Top 50 Performing Insurance Companies that same year. Allstate Corporation does not currently have any hardcopy reports on AnnualReports.com. Although not a giant, household name, EquiTrust Life Insurance Company has held a steady place within the life insurance industry since 1996, namely for its suite of indexed products. EquiTrust allows customers to file claims via email, fax, or phone. Evolving software architectures go beyond the monolithic systems of the past, to enable more flexibility, more scalability and faster time to market. existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. In 2016, EquiTrust surpassed $17 billion in total assets. Equitrust Life Insurance Company Inc - Dun & Bradstreet Experienced Vice President Of Information Systems with a demonstrated history of working in the insurance industry. 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. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. Unfortunately, you cant apply for this policy if you have any pre-existing health conditions. EquiTrust Life is a specialized insurance company, with a focus on life insurance. 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. Magic Johnson adds life insurance co. to empire - USA TODAY The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category. registered with the U.S. Securities and Exchange Commission as an investment adviser. Percentage of accumulation value by contract year: 12, 11, 10, 9, 8, 7, 6, 4, 2%. . Steps to Completing a Financial Statement Filing. EquiTrust has a good rating through A.M. Best, but its not as highly rated as many other modern insurance companies. Two multi-asset, risk-controlled index options provide an extra level of diversification. Account Options. The Premium Equitrust Life Insurance Company Report contains critical information including: Revenue from previous years (2010 to present) . EquiTrust Agent Portal EquiTrust Life Insurance Company Reviews - Glassdoor For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. This annuity features both single life and joint life payout options. Title. Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. EquiTrust Life Insurance Company. Report Locked. Insurer Ratings and Better Business Bureau Grade. All Rights Reserved. Applicants must be between the ages of 45 and 80. For questions regarding cocodes please call us at: 816-783-8600. administrators. An annuity is a fixed amount of money paid to you from an insurance firm. We also use content and scripts from third parties that may use tracking technologies. EquiTrust Life Insurance Company Employee Reviews in West Des - Indeed 1. A financial services company newly renamed and offering individual and business life insurance, and annuities. So, feel free to reach out to us by phone at (888) 440-2468, or via email through our secure online contact form and schedule a time to chat with us. EquiTrust - Overview, News & Competitors | ZoomInfo.com SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is American Republic Insurance Company was founded in 1929 by Watson Powell, a pioneer in the health and accident insurance business. Files on this page are PDF. Two Arizona senior citizens filed a proposed class-action lawsuit against EquitTrust Life Insurance Company, claiming the Iowa-based financial company duped consumers into purchasing financial products through deceptive sales practices, among other charges. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. Mark Willoughby, CPA - AVP Internal Audit - EquiTrust Life Insurance EquiTrust Life Variable Account . We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Call Sales Support. For this reason, theyre not suitable to meet everyones insurance needs. Everything I learned was self taught with demanding deadlines and being understaffed in our department. 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. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. You can even use life insurance to provide yourself with more financial security while youre alive. Many pages could stand to be fleshed out quite a bit more, and a disturbing amount of pertinent information seems to be lacking entirely. Keep reading to learn more about this company and what it can offer you. EquiTrust cannot give legal, tax or accounting advice. Learn more Arizona Department Of Insurance 2012/2013 Annual. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. Of course, with so many different life insurance carriers in the marketplace (in the hundreds these days), you should be evaluating the carrier you plan to work with way before signing any paperwork.