Life Insurance

Life insurance is designed to protect your family’s financial security after you die. Life insurance combined with critical illness coverage also protects you and your family’s financial security should you contract certain disabling conditions. Liberty Bankers Life offers its life products through two methods of distribution, an Ordinary Life division where premiums are received via checks or bank drafts and a Home Service division where agents collect the premiums in the home if requested.

Ordinary Life Division products:
SIMPL

SIMPL stands for “Simplified Issue Market PermaLife”.  It is aimed at the Final Expense market and is a simplified issue whole life policy with guaranteed premiums, face amount and case values offered on a sex distinct, non-tobacco use basis using a simple non-medical application.

Modified Whole LifeThe MWL with a Positive Outlook”

MWL is a simplified issue modified whole life policy issued standard to Table 22 using our “SIMPL” application.

During the first 3 years, the accidental death benefit is 100% of the face amount while the non-accidental death benefit is equal to a refund of premiums plus 10%.

During the 4th year, the death benefit is 100% followed by 105% in the 5th year and 110% in the 6th thereafter.

FLEX4LIFE

Flex4Life is a non-participating whole life policy with a level death benefit, guaranteed level premiums and guaranteed cash values.  It allows the applicant to choose from 4 Premium Payment Durations at the point of purchase.

PermaTerm 20 Plus

PermaTerm 20 Plus is a 20 Year term life insurance plan with a level death benefit and guaranteed premiums that provides for a “reduced paid-up” policy equal to a full “refund of premiums” at the end of the 20 year term period.

PrimeTerm 70 Plus

PrimeTerm 70 Plus is a Term Plan that will cover the insured for the full face amount to Age 70 and converts to a “reduced paid-up” policy equal to a full “refund of premiums” at the end of the term period.

Med-Free Term

Med Free Term is a series of term plans offered for durations of 10,15,20 or 30 years, with guaranteed premiums, face amount and cash values.

Group Flexible Life

A customized group life policies to Native American Groups. This policy requires a specific quote from the Home Office.

Home Service Division products:
SIWL
Simplified issue whole life is a non participating whole life policy with a level death benefit and guaranteed premiums and cash value issued using a simplified application.

LP65
Life paid up at 65 offers the same benefits as SIWL but is paid up at age 65 for the full face amount.

20PL
20 Pay life also offers the same benefits as SIWL but premium payments are limited to 20 years.

Please contact us for more information about our range of life insurance products.