EquiTrust has a good rating through A.M. Best, but it’s not as highly rated as many other modern insurance companies. Its “A+” rating through the BBB is impressive, though. The carrier does have solid financial strength, and A.M. Best places them in the $1.25-$1.5 billion financial size category.

How long has EquiTrust been in business?

Since 1996, EquiTrust has demonstrated exceptional growth by achieving $23 billion in assets under management.

Where is EquiTrust?

West Des Moines
EquiTrust manages $16.4 billion in fixed-rate and indexed annuities and life insurance and is headquartered in Chicago with operations in West Des Moines.

Is A.M. Best a good company?

Consumers and policyholders can generally be confident in AM Best’s assessment of an insurance company’s financial health. That said, AM Best is one of five independent agencies that rate an insurance company’s financial strength—along with Moody’s, Fitch, Kroll Bond Rating Agency (KBRA), and Standard & Poor’s.

What is nationwide A.M. Best rating?

A+
Concurrently, AM Best has affirmed the FSR of A+ (Superior) and Long-Term ICR of “aa-” of Nationwide Life Insurance Company and its subsidiaries, Nationwide Life and Annuity Insurance Company and Jefferson National Life Insurance Company.

Does Magic Johnson own EquiTrust?

We have a responsibility to ensure an equitable distribution of federally backed capital to minority-owned small businesses,” Chair of EquiTrust Life Insurance, Earvin “Magic” Johnson, said. The coronavirus pandemic has had a tremendous impact on business owners, especially those that are led by minorities and women.

Where is EquiTrust located?

Does Guggenheim own EquiTrust?

Guggenheim Partners purchased EquiTrust from FBL Financial Group. Surpassed $10 Billion in assets.

What does FBL Financial stand for?

Farm Bureau Life Insurance Company. Website. fblfinancial.com. FBL Financial Group, Inc. is a financial services holding company whose purpose is to protect livelihoods and futures.

What is equequitrust life insurance company’s rating?

EquiTrust Life Insurance Company’s financial strength was rated at a B++ by A.M. Best and a BBB+ by Standard & Poor’s (S&P). These grades rank as “Good” on each of these ratings companies’ respective charts.

Why choose EquiTrust?

Many customers also trust EquiTrust to handle retirement income or wealth transfer. 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.

What does B++ mean on EquiTrust?

B++ (Good) The ratings reflect current independent opinions of the Company’s financial capacity to meet the obligations of its insurance policies and contracts. They are based on quantitative and qualitative evaluations of EquiTrust and its management strategy.

Is EquiTrust a ward’s 50 company?

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. EquiTrust earns this recognition for performance from 2016 through 2020. Based on its financial strength, EquiTrust has been awarded high marks by leading sources of insurer ratings.