Liberty Bankers Life was originally incorporated by Pilgrim Life Insurance Company of America in the Commonwealth of Pennsylvania during 1958 as Royal Oak Life Insurance Company. The company grew slowly and conservatively and developed experience by offering a variety of traditional life insurance products in 40 states. Ultimately Pilgrim Life sold the company to American Hilton Corporation, a South Carolina insurance holding company, in 1992.

In 1998 the company was sold to Atlantic Financial Company and was re-domiciled to the state of Wisconsin. At this time the company held approximately $5 million in life insurance reserves. From these modest beginnings, the company first began to market annuity products. Initially only immediate annuities were offered. In 1999 the company added deferred annuities to its product offerings, which were well received by the market and resulted in rapid growth of the company.

By the time the company was purchased by Heritage Guaranty Holdings, Inc. in 2004, it had reached $200 million in assets and was selling a limited number of annuity products. The company was then re-domiciled to Oklahoma and management set out to expand the company’s product offerings and sales force. The company now offers 11 different annuity products through over 3,800 agents. The company markets its products in 46 states and in 2009 the company’s annuity sales were ranked number 83 of the top 200 annuity firms in the United States by National Underwriter magazine.

In 2006 the company began to market a broad array of traditional life insurance products which include whole life, term life, critical illness products and, through its subsidiaries, pre-need funeral insurance. We have an additional 3,000 agents marketing traditional life products.

Management has also expanded the group’s operations through the merger with its parent company, American Reserve Life in 2008 and the acquisition of American Benefit Life in 2002, Winnfield Life in 2004 and Capitol Life in 2007. As a result of these acquisitions and steady growth through our life insurance and annuity products, the Liberty Bankers group is now a diversified insurance enterprise with total assets exceeding $1.4 billion and national marketing coverage, helping policy holders fulfill their financial planning and life insurance needs.