In September of 2019, The Capitol Life Insurance Company, a member of the Liberty Bankers Insurance Group, launched its new Medicare Supplement plans. With competitive rates and “On-the-Spot” underwriting, Capitol Life has been experiencing rapid growth.
For this reason, Liberty Bankers has made the decision to discontinue acceptance of new business applications for Liberty Bankers Life Medicare Supplement product, effective April 28, 2020, and will focus efforts and resources toward The Capitol Life Medicare Supplement program, while continuing to provide excellent service to existing policyholders. This decision does not impact current policyholders, and they will continue to receive the highest level of customer service.
On behalf of Liberty Bankers Life, we appreciate all your hard work and support, and would like to extend an invitation to you to continue to sell, through The Capitol Life program.
Sell Capitol Life Medicare Supplements
Applications signed on or before 04/28/2020, with policy effective dates on or before 4/28/2020, and received by 04/30/2020 will be accepted. In the event an application is received and found to have pending requirements, all pending requirements must be received by 05/08/2020 in order to complete an underwriting decision. Incomplete applications as of 05/11/2020 will be withdrawn.
Applications received and issued after today’s date will be paid As Earned. Commissions will continue to pay as earned for all previously issued business. Effective 04/28/2020, all sales materials and resources will be disabled.
Your state appointment to sell Liberty Bankers Life Medicare Supplement plans will not be renewed. You will receive a copy of your termination letter, not for cause, when your state appointment comes up for renewal.
