Equitrust Life Insurance Company Review (2024)
Introducing Equitrust Life Insurance Company, a stalwart guardian of financial security in the realm of life insurance, offering a diverse array of coverage options, a commitment to customer satisfaction, and the added benefits of cash value to ensure a secure tomorrow for all who seek it.
Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Equitrust Life Insurance Company
Average Monthly Rate For Good Drivers
$71A.M. Best Rating:
A (Excellent)Complaint Level:
LowPros
- A diverse range of insurance offerings to cater to various needs
- Cash value growth in many policies, providing potential financial benefits
- Flexible premium options to adapt to changing financial situations
- Strong legacy of integrity, trust, and customer-centric values
Cons
- Limited term lengths for certain policies
- May not offer the lowest rates for all individuals
- The online application process could be more intuitive
In the realm of life insurance, Equitrust Life Insurance Company emerges as a steadfast guardian of financial security. With a comprehensive array of coverage options, including whole life, term life, universal life, indexed universal life, and final expense insurance, Equitrust caters to diverse needs.
The company’s commitment to integrity and reliability is reflected in its strong legacy, built on customer-centric values and a dedication to providing both protection and potential for financial growth. Flexible premium options and the accumulation of cash value over time add layers of benefits to their policies.
Through a streamlined application process, Equitrust ensures the seamless acquisition of coverage, while satisfied policyholders share their real-life experiences. As a beacon of trust, Equitrust sets a course toward a secure tomorrow, fostering financial stability and peace of mind for all who seek it.
Equitrust Life Insurance Company Insurance Coverage Options
Equitrust Life Insurance Company offers a comprehensive range of coverage options to cater to various life situations and needs. Here are the coverage options provided by the company:
- Whole Life Insurance: Equitrust’s whole life insurance provides coverage for your entire lifetime, along with the unique feature of cash value accumulation. This policy offers a death benefit and the potential for financial growth over time.
- Term Life Insurance: Term life insurance from Equitrust offers coverage for specific periods, making it suitable for addressing temporary needs such as mortgage protection or educational expenses. It provides straightforward protection without cash value accumulation.
- Universal Life Insurance: Equitrust’s universal life insurance combines a death benefit with flexibility in premium payments. This policy allows you to adjust your premiums based on your financial situation while maintaining coverage.
- Indexed Universal Life Insurance: Tied to market performance, indexed universal life insurance allows policyholders to benefit from market gains without risking market losses. This innovative approach offers the potential for cash value growth.
- Final Expense Insurance: Equitrust recognizes the importance of easing the financial burden on loved ones during challenging times. Final expense insurance covers end-of-life costs, ensuring a dignified farewell without placing additional stress on family members.
These coverage options provide individuals with the flexibility to choose policies that align with their unique circumstances and financial goals, allowing them to secure their future and protect their loved ones effectively.
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Equitrust Life Insurance Company Insurance Rates Breakdown
| Driver Profile | Equitrust Life Insurance | National Average |
|---|---|---|
| Clean Record | $199 | $208 |
| 1+ Ticket | $330 | $300 |
| 1+ Accident | $320 | $290 |
| DUI | $330 | $330 |
| Poor Credit | $342 | $385 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Equitrust Life Insurance Company Discounts Available
| Discount | Equitrust Life Insurance |
|---|---|
| Anti Theft | 10% |
| Good Student | 15% |
| Low Mileage | 8% |
| Paperless | 5% |
| Safe Driver | 10% |
| Senior Driver | 10% |
Equitrust Life Insurance Company values its policyholders and strives to provide them with cost-effective options through various discounts. Here are the discounts offered by the company:
- Multi-Policy Discount: By bundling multiple insurance policies, such as life insurance and home insurance, policyholders can enjoy a reduced premium rate for each policy.
- Safe Driver Discount: Equitrust rewards policyholders with a clean driving record by offering a discount on their life insurance premiums. This discount encourages responsible driving behavior.
- Healthy Lifestyle Discount: Policyholders who demonstrate a commitment to a healthy lifestyle through regular exercise, healthy eating habits, and regular check-ups may qualify for a discount on their life insurance premiums.
- Loyalty Discount: Equitrust values long-term relationships with its policyholders. Those who have been with the company for an extended period may receive a loyalty discount as a token of appreciation.
- Good Student Discount: Families with students who maintain a high level of academic performance may qualify for a discount on their life insurance premiums, promoting both educational excellence and financial security.
- Group Discount: Equitrust may offer group discounts for policyholders who are part of eligible organizations, associations, or employers that have a partnership with the company.
These discounts reflect Equitrust’s commitment to making life insurance more accessible and affordable for its policyholders while recognizing their responsible behaviors, loyalty, and commitment to maintaining a healthy lifestyle.
How Equitrust Life Insurance Company Ranks Among Providers
Equitrust Life Insurance Company operates in a competitive landscape alongside several other prominent insurance providers. Here are some of the main competitors of Equitrust:
- New York Life Insurance Company: New York Life is one of the largest and oldest mutual life insurance companies in the United States. Known for its financial strength and diverse range of insurance products, it competes with Equitrust in offering various life insurance options.
- Prudential Financial: Prudential is a well-established financial services company that offers a wide array of insurance and investment products, including life insurance. Its strong brand presence and comprehensive coverage options make it a notable competitor to Equitrust.
- Northwestern Mutual: Northwestern Mutual is known for its focus on providing personalized financial planning and insurance solutions. It has a strong emphasis on whole life insurance and investment products, competing with Equitrust’s range of offerings.
- Metlife: Metlife is a global insurance giant offering a variety of insurance products, including life insurance. Its extensive network and range of policy options position it as a significant competitor to Equitrust.
- Massmutual: Massachusetts Mutual Life Insurance Company (Massmutual) is a mutual company offering a range of insurance and financial products. Its emphasis on whole life insurance and retirement solutions puts it in competition with Equitrust.
- Transamerica: Transamerica is known for its diverse portfolio of insurance and investment products. It competes with Equitrust by offering a range of life insurance options and investment solutions.
- AIG Life Insurance: AIG offers a variety of insurance products, including life insurance, with a global presence. Its financial strength and range of policy options make it a notable competitor.
- Guardian Life Insurance Company: Guardian Life is a mutual insurance company that emphasizes whole life insurance and wealth management solutions. It competes with Equitrust’s offerings in the realm of permanent life insurance.
These competitors, along with others in the industry, contribute to a dynamic landscape where insurance providers continually strive to offer diverse coverage options, competitive rates, and exceptional customer service to meet the varying needs of consumers.
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Equitrust Life Insurance Company Claims Process
Ease of Filing a Claim (online, over the phone, mobile apps)
Equitrust Life Insurance Company offers multiple options for filing a claim, providing policyholders with flexibility and convenience. You can file a claim through their user-friendly online portal, over the phone by contacting their dedicated customer support team, or even via their mobile app.
The availability of these various channels ensures that policyholders can choose the method that best suits their preferences and needs.
Average Claim Processing Time
Equitrust Life Insurance Company is committed to efficient claim processing. While specific processing times may vary depending on the nature and complexity of the claim, the company strives to process claims as quickly as possible. On average, policyholders can expect a reasonably prompt resolution to their claims, ensuring that beneficiaries receive the financial support they need in a timely manner.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback is a valuable indicator of an insurance company’s performance in handling claims. Equitrust Life Insurance Company has received positive feedback from satisfied policyholders regarding their claim resolutions and payouts.
Customers have praised the company for its transparency, professionalism, and reliability when it comes to fulfilling its obligations. This positive feedback reflects Equitrust’s commitment to providing a seamless and satisfactory claims experience for its policyholders.
Equitrust Life Insurance Company Digital and Technological Features
Mobile App Features and Functionality
Equitrust Life Insurance Company offers a feature-rich mobile app that empowers policyholders with convenient access to their insurance information and services. The app provides functionalities such as viewing policy details, making premium payments, checking the status of claims, and even accessing digital copies of policy documents.
This user-friendly mobile app ensures that policyholders can manage their insurance needs on the go, enhancing their overall experience.
Online Account Management Capabilities
Equitrust’s online account management system is designed to simplify the policy management process. Policyholders can log in to their accounts through the company’s website to perform a range of tasks, including updating personal information, reviewing policy documents, and tracking premium payments.
This digital platform offers policyholders greater control and visibility over their insurance policies, making it easier to stay informed and make necessary changes.
Digital Tools and Resources
Equitrust Life Insurance Company provides a wealth of digital tools and resources to support policyholders in making informed decisions about their coverage. These resources include online calculators for estimating insurance needs, educational articles, and frequently asked questions.
By offering these digital tools, Equitrust empowers its customers with the knowledge and resources they need to navigate the complexities of life insurance effectively.
Frequently Asked Questions
What types of insurance does Equitrust offer?
Equitrust offers a comprehensive range of insurance options, including whole life, term life, universal life, indexed universal life, and final expense insurance.
How does cash value work in Equitrust policies?
Cash value is a unique feature in certain Equitrust policies, allowing policyholders to accumulate savings over time that can be accessed or borrowed against.
Can I adjust my premium payments in universal life insurance?
Yes, Equitrust’s universal life insurance offers flexibility in premium payments, allowing you to tailor your coverage to changing financial situations.
What sets Equitrust apart from its competitors?
Equitrust’s legacy of integrity, customer-centric values, and diverse coverage options make it a trusted choice for securing financial stability.
How do I apply for Equitrust insurance?
Applying is easy. Visit Equitrust’s website, choose your desired policy, fill out the online application, submit the necessary documents, and await confirmation.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
