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Independent Review of EquiTrust Life Insurance Company

A relative newcomer to the insurance industry, EquiTrust was established in 1996. Today, this company holds north of $17 billion in assets under management. It has also earned some pretty impressive accolades, including being recognized in 2017 and 2018 among the Wards 50 of top life and health insurance companies.

While EquiTrust’s ratings could be better (they are currently ranked as a BBB+ by Standard & Poor’s, 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.

The main customer focus of EquiTrust is retirees and those who are approaching retirement. Product offerings include index-linked life insurance – primarily for the purpose of wealth transfer – and annuities for income.

Within its annuity portfolio, EquiTrust provides fixed index products, MYGA (Multi-Year Guarantee) products, a single premium immediate annuity (SPIA), and even an annuity that offers a one-year renewable rate.

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):

  • Base Contract
  • MVA Option
  • Liquidity Option
  • Liquidity + MVA Option

For more details on the EquiTrust Choice Four annuity, go HERE.

The Certainty Select Annuity is EquiTrust’s MYGA product. This single premium deferred annuity features guarantee periods of 3, 5, 6, 8 or 10 years. It includes a death benefit, as well as a nursing home waiver. An optional terminal illness rider may be added for an additional premium cost.

For more information on EquiTrust Insurance Company’s Certainty Select Annuity, go HERE.

If you’re looking for a way to convert a large sum of money like a 401(k) or IRA balance into an ongoing income stream that begins right away, the Confidence Income Annuity from EquiTrust could be a viable option.

This annuity features both single life and joint life payout options. 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. You can check out all of the benefits of the Confidence Income Annuity HERE.

Given its focus on index-linked insurance vehicles, EquiTrust Life Insurance Company offers several fixed index annuities. These include the:

With an index annuity, you have the opportunity to attain a nice return, based on an underlying market index (or more than one market index). 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.

Are Any of These Annuities Right for You?

Even though EquiTrust offers a wide array of annuities to choose from, how can you determine which one – if any – is right for you?

Doing so can be difficult – especially given the overwhelming amount of “small print” that is oftentimes associated with annuities. That’s why it can be helpful to have an expert on your side who provides objective, non-biased advice.

At Annuity Gator, we take the frustration out of shopping for annuities. We’ve researched and reviewed hundreds of annuities over the years, and we continue to add new information to our annuity review database, which can be accessed at no cost anytime.

Our annuity experts are also available to answer any of the question or concerns that you may have, whether you are just starting to shop for an annuity, or you’ve owned one for some time and you want to ensure that it’s still performing the way it was meant to.

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.

Best,

The Annuity Gator

 

P.S If you would like to read more of our EquiTrust Life Insurance annuity reviews here are some links to check out:

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