EquiTrust Life Insurance Company to create 200 new jobs in Chicago

Illinois Gov. Pat Quinn announced EquiTrust Life Insurance Company will open new offices in Illinois. EquiTrust Life Insurance Company provides life insurance and fixed annuities. The company has a new controlling shareholder, Earvin "Magic" Johnson, who was with Gov. Quinn when he made the announcement. Mr. Johnson is the chairman and CEO of Magic Johnson Enterprises, which includes multiple businesses and partnerships.

This new office is an example of the push Gov. Quinn has made to create new jobs and improve the economy in Illinois.

"We are thrilled that EquiTrust has chosen to create jobs in Illinois," Quinn stated. "We are also excited to have Earvin Johnson become a corporate citizen of our state. His work in redeveloping urban communities has been widely recognized across the country, and this is a win-win for Illinois."

EquiTrust Life Insurance Company currently has offices in Des Moines, Iowa. The first of their new offices is expected to open in Chicago in 2014 and employ 200 workers.

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