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EquiTrust Life Insurance Company

Insurance, United States, Illinois, Chicago

EquiTrust Life Insurance Company provides comprehensive life insurance and annuity products to help individuals plan for a secure financial future.

About EquiTrust Life Insurance Company

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Illinois state
Official Website
http://www.equitrust.com
Location Address Official Phone Email
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FAQs – EquiTrust Life Insurance Company

Can independent contractors get professional liability insurance?

Yes, independent contractors can and should get PLI since they are personally liable for professional mistakes. Many clients require contractors to carry their own coverage before working together.


Can whole life insurance be converted to another policy type?

Some insurers offer conversion options or allow policyholders to surrender a whole life policy for a different insurance product, but this may involve fees and new underwriting.


Can weather-related perils be excluded from coverage?

Yes, some policies exclude extreme weather events like hurricanes or hail in high-risk areas, requiring separate endorsements for coverage.


What is the role of decentralized oracles in blockchain-based insurance?

Decentralized oracles provide real-world data to blockchain smart contracts, ensuring accurate execution of policies. For example, weather oracles can trigger payouts in parametric insurance when extreme conditions are met, improving automation and reliability.


What are the tax implications of a 1035 exchange?

A 1035 exchange allows tax-free transfers between life insurance policies, annuities, or long-term care policies if done according to IRS rules.


What is the difference between individual and herd insurance?

Individual insurance covers specific high-value animals (such as breeding bulls or racehorses) with agreed-upon values, while herd insurance covers a group of animals collectively. Herd policies are generally more affordable and practical for large-scale livestock operations.


Does Comprehensive Auto Insurance cover vandalism?

Yes, Comprehensive Auto Insurance covers damage from vandalism, such as broken windows, keyed cars, or other intentional damage.


Are insurance premiums refundable if I cancel my policy?

Some insurers offer prorated refunds for unused coverage, while others may charge cancellation fees or only refund a portion based on policy terms.


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