equitrust life insurance company annual report

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. Copyright 2023 BestLifeRates.org, LLC. This is the EquiTrust Life Insurance Company company profile. Income Rider: Includes Benefit Base bonus of 7% on first-year premiums plus Benefit Base compounds annually at 7% for up to 7 years; 1.25% annual fee on Accumulation Value; chronic-illness doubler. SmartAssets And we do it all by standing true to our principles and offering the integrity you look for in an insurance company. Sapiens ApplicationPro is a robust electronic application software that helps carriers address critical business drivers, such as decreasing timetoissue and reducing policy acquisition costs, all in an extremely intuitive and easytouse package. Links for Internet Filing are provided to the right. You only need to make one payment to activate a WealthPay Life policy from EquiTrust. The EquiTrust Life Insurance Company may only be 25 years old, but its ratings indicate that purchasing a policy from this company could be a good investment for some consumers. For example, there is no outline of an official claims process or claims response timeframe to be found. Occasionally the Iowa Insurance Division will conduct a focused examination related to a particular issue involving an insurance company domiciled in another state.) Transmit your filing to the NAIC via the Internet. EquiTrust Cons: Not a BBB accredited company. While EquiTrusts ratings could be better (they are currently ranked as a BBB+ by Standard & Poors, and as a B++ by A.M. Best Company), the company has nearly $19 billion in invested assets and has a solvency ratio of just under $105. 1 West Des Moines, Iowa March 12, 2013 HONORABLE Nick GERHART Commissioner of Insurance . 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. NOTE: Some states allow companies to utilize electronic signatures in documents from companies such as DocuSign. The Ward Group analyzes the financial performance of over 700 US-based life and health insurance companies. No separate claims reporting hotline. EquiTrust Life Variable Account . EquiTrust Life Insurance Company is a trusted provider of life insurance and annuity products with a strong track record of operating performance. 1991-2023 National Association of Insurance Commissioners. What this does, in effect, is give EquiTrust and its investment division the ability to begin growing capital immediately. The more quotes you compare, the more chances to save. All content is posted anonymously by employees working at EquiTrust Life Insurance Company. EquiTrust Recognized Among "Ward's 50" of Top Life and Health Insurance Companies for 2021! You will also need to make a payment of at least $10,000. SmartAsset does not The EquiTrust Life Insurance Company has changed hands many times, but it has never faltered in its mission to provide high-quality life insurance products and annuities. [CDATA[// >