Liberty Bankers Life

Liberty Bankers Life

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Why Liberty Bankers Life Annuities?

Liberty Bankers Life Insurance Company (LBL) is owned by Liberty Life Group Trust, a Texas Holding company.  LBL offers life insurance and annuity products which help individuals and businesses meet their financial goals. The LBL Group has developed a proven track record for growth of assets, premiums and earnings over the last decade, with more than $2 billion in assets now under management.

LBL offers all of the following types of annuities:

  • SINGLE PREMIUM DEFERRED ANNUITIES (SPDA)
  • FLEXIBLE PREMIUM DEFERRED ANNUITIES (FPDA)
  • SINGLE PREMIUM IMMEDIATE ANNUITIES (SPIA)

LBL has an AM Best Rating of B++.

State Availability

LBL has a very in-depth Product Availability chart. Check it out here.

Single Premium Deferred Annuity (SPDA)

As its name suggests, SPDAs are purchased with a single premium payment. Your annuity will grow with guaranteed interest until you choose to begin making withdrawals. Your interest rate is established at the time of issue. LBL's SPDAs offer a range of initial interest rate guarantees including 3, 5, 7 and 9 years.

  • Guaranteed Safety of Your Principal and Interest. Your annuity is guaranteed by LBL, a legal reserve life insurance company.
  • Income Tax Deferral. Tax deferral means postponing taxes on interest earnings until a future point in time. In the meantime, you earn interest on the money you are not paying in taxes. You can accumulate more money, which ultimately will provide you with a greater income.
  • Simplicity. There is no withholding tax or income tax due while your annuity is accumulating. Only when you begin making withdrawals will you have taxable income reported. You determine that date.
  • Flexible Payment Options. At the time you select to make withdrawals from your annuity, you may have a number of options available. You may be able to choose a lump sum or a series of income payments.
  • Avoid Probate. If you die prematurely, your annuity may be paid directly to your named beneficiary without the delay and expense of probate.

Flexible Premium Deferred Annuity (FPDA)

FPDAs offer the distinct advantage of accepting either single or multiple premium payments into the same policy. After the first premium payment, you may make voluntary additional payments at any time.

  • Guaranteed Safety of Your Principal and Interest. Your annuity is guaranteed by LBL, a legal reserve life insurance company.
  • Income Tax Deferral. Tax deferral means postponing taxes on interest earnings until a future point in time. In the meantime, you earn interest on the money you are not paying in taxes. You can accumulate more money, which ultimately will provide you with a greater income.
  • Simplicity. There is no withholding tax or income tax due while your annuity is accumulating. Only when you begin making withdrawals will you have taxable income reported. You determine that date.
  • Flexible Payment Options. At the time you select to make withdrawals from your annuity, you may have a number of options available. You may be able to choose a lump sum or a series of income payments.
  • Avoid Probate. If you die prematurely, your annuity may be paid directly to your named beneficiary without the delay and expense of probate.

Single Premium Immediate Annuity (SPIA)

SPIAs are purchased with a single premium, as its name suggests. Most SPIAs begin paying you regular monthly income payments 30 days from your date of purchase, but you may prefer to begin your payments at some later date within the 1st year.

  • Period Certain. You receive level payments for a fixed number of years (5, 10, etc.). If you should die before the end of the period certain, payments will be paid to your designated beneficiary. No payments are made after the end of the specified period. You may live longer than the period certain selected.
  • Single Life. You receive fixed payments for the rest of your life. At the time of purchase, you may also choose a Period Certain option (5, 10 etc.) This feature serves to protect the value of your payments in the event of your premature death. Payments from SPIAs without refund features cease upon the annuitant’s death.
  • Joint & Survivor Annuities. This type of SPIA offers payments to one of two people, most commonly spouses. Usually, full level payments are made as long as both the annuitant and joint annuitant are alive. Upon the death of either the annuitant or joint annuitant, reduced (50%, 75%, etc.) level payments will continue to the survivor for as long he/she is alive.

New to Annuity Sales?

Annuity sales are a huge opportunity for independent agents in the senior market. If you want to learn how to sell annuities to seniors, you've come to the right place!

Check out our complete guide here: The Ultimate Guide to Selling Annuities In the Senior Market

Also, check out this video from annuity all-star, Michael Sams:

About Liberty Bankers Life Form Packets

Please contact us for up-to-date form packets - these are created on a case-by-case basis as needed.

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This product may be available in other states not listed. Please contact us to inquire.