EquiTrust is a smaller carrier in relation to competitors, yet still has more than $17 billion in assets under management. Advertiser Disclosure: We strive to help you make confident insurance decisions. However, the carrier does not provide a specific claims response timeframe promise. And just . If you do not have permission, continuing to attempt to access this site and its resources Or talk to an agent now at (855) 372-0071, Massachusetts Mutual Life Insurance Company Review. The Insurer Ratings and Better Business Bureau Grade. No matter what type of insurance you're looking for, you'll find the peace of mind you need. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. The third, named WealthPay LifeTM, is really a combination product. Customers have reported frustration with having claims answered and processed within a reasonable timeframe. On average, employees at EquiTrust Life Insurance stay with the company for 3.6 years. For more information on EquiTrust Insurance Companys Certainty Select Annuity, go HERE. You place money into an account, and the agency invests it so that it will grow. You will also need to make a payment of at least $10,000. 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. Privacy Policy. EquiTrust Life will provide a 12 percent bonus paid over three years. In addition, premiums paid into the policy at approval see a 12% bonus immediately. Our opinions are our own. EquiTrust only offers one phoneline for customers to inquire about any of their needs, including filing claims. Surrender charges may vary by state. 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. What You Need to Know About the EquiTrust Life Insurance Company, The EquiTrust Life Insurance Company is over 20 years old, EquiTrust only sells whole life insurance policies, EquiTrust life insurance policies can increase your cash flow. The Life and Annuity Claims Manager is responsible for management, leadership and oversight of the Life and Annuity Claims Department overseeing death and contractual living benefits processing team. Call Sales Support. EquiTrust will immediately credit your contract an extra 6% on any premiums paid during the first five contract years. This policy also comes with a graded return-of-premium rider, penalty-free withdrawals, and loans. Jason Fisher Last Updated: December 6, 2021, Certain links on this page will refer you to products we might recommend. For this reason, theyre not suitable to meet everyones insurance needs. Violators can and will be prosecuted to the full extent Such statements reflect our current views with respect to future events and are subject to pandemic risks and uncertainties. BBB+ from Standard and Poor's. The company also has earned a Comdex rating of 43. 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). To apply for this policy, you must: WealthSure also accumulates cash value. Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. As part of the ongoing transition, certain Brighthouse Financial features are serviced by MetLife. The rating was last updated on 09/09/2022. The EquiTrust Life Insurance Company provides life insurance policies that allow its clients to increase their cash flow. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the insurance industry and protect consumers. Our three-year blueprint for the future shows the way toward building on existing strengths. I was hired just before the annual reporting with little to no training or guidance from management. Skilled in IT Management, Software Development Life Cycle (SDLC), Management . Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) Thankfully, if you need cheap life insurance to protect your loved ones, there are other life insurance products you can utilize. (816) 783-8600. U.S. Industry Overview & Market Statistics: JOHN HANCOCK LIFE INSURANCE COMPANY U.S.A. BLUE CROSS & BLUE SHIELD OF NORTH CAROLINA, EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? EquiTrust Cons: Not a BBB accredited company. Links for Internet Filing are provided to the right. Trail commissions are payable annually based on the contract's Accumulation Value on the contract's anniversary date. OMB Number: 3235-0729 . It only offers three life insurance products, but if you are looking to increase your cash flow, an EquiTrust Life Insurance Company policy may be the right fit for your needs. The Certainty Select Annuity is EquiTrusts MYGA product. For more information visit https://www.EquiTrust.com. Leave us a note in the comments - we love everything insurance! For those concerned about the underwriting process, EquiTrusts UnderWRITE-NOW Processing doesnt require applicants to undergo a medical exam to secure coverage. THE ATLANTA LIFE INSURANCE COMPANY At Atlanta Life, we bring 100 years of experience to every customer we serve. The life insurance side is a fixed premium IUL insurance product, and growth is tied to the stock market indexes. You can even use life insurance to provide yourself with more financial security while youre alive. Erie Insurance is a pretty good insurance company, offering homeowners, business and umbrella insurance policies, in addition to auto coverage. Its a single premium payment, just like the others, but the premiums paid go toward an annuity, which, in turn, will pay out the life insurance premiums over time. One of the most popular types of life insurance policies for consumers on a budget is a term life insurance policy. (See more.) 4.0 . EquiTrust currently offers three life insurance products. at 866-598-3694 or visit the Agent. For questions regarding cocodes please call us at: 816-783-8600. The insurance company also does not offer online claims reporting through their website, which puts them far behind many other modern carriers. EquiTrust Life Insurance Company 2023 Ratings, Founder of Huntley Wealth & Insurance Services. Professional development for state insurance regulators and industry professionals. Therefore, despite its positive surplus and solvency, its been rated just B++ by A.M. Best, as well as BBB+ by Standard & Poors. NAIC specifications do not allow for any image or DocuSign and DocuSign Envelop PDFs. And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. A glossary of insurance terms and definitions. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years.