Products and Services
16Protect your loved one's future.
Life InsuranceLife insurance is designed to protect your family’s financial security after you die. Life insurance plans with critical illness coverage also protects you and your family’s financial security if you contract certain debilitatory illnesses.
New Product PermaTerm20
Since 2004 we have built a network of home service agents which offer several life plans uniquely created to meet the special needs of those seeking smaller face amount final expense coverage.
We are currently developing other life plans that contain critical illness benefits, refund of premium provisions and other contemporary design features that consumers find attractive.
Life insurance can help: - Pay off expenses, debts and taxes after your death.
- Allow your family to maintain its standard of living.
- Support your dependents' goals and dreams.
- Provide you with cash after a Heart Attack, Stroke, By-Pass Surgery, Angioplasty, Cancer, Organ Transplant and even Alzheimer’s Disease that you may need to meet your day to day obligations such as mortgage, rent, car notes, tuition or to continue your savings pattern.
Group Benefits
Liberty Bankers Life also offers a group life insurance program to Native American nations and payroll deduction products to their employees.
Please contact us for more information about our range of life insurance products.
Life Insurance
Protect your loved one's future.
39Establish a stream of retirement income with just one lump-sum payment.
Single Premium Deferred Annuity 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. Our SPDAs offer a range of initial interest rate guarantees including 1, 3 and 5 years. After the initial rate guarantee period, your rate may be adjusted each year but may never fall below the guaranteed minimum interest rate at the time of issue. The potential benefits of an SPDA are:
- 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 payments.
- Avoid Probate. If you die prematurely, your annuity may be paid directly to your named beneficiary without the delay and expense of probate.
Be sure to carefully read and understand your policy, ask questions of your agent and consult your tax advisor for information about possible tax consequences. Annuities are not insured by the FDIC nor guaranteed by any federal government agency.
Please contact us, if you would like information about our SPDAs.
LBL offers all of the following types of annuities:
Single Premium Deferred Annuity
Establish a stream of retirement income with just one lump-sum payment.
40Create guaranteed retirement income by making flexible contributions.
Flexible Premium Deferred Annuity FPDAs offer the distinct advantage of accepting either single or multiple premium payments into the same policy. After the first premium payment, you may usually make voluntary additional payments at any time. As a result, over time, a single FPDA will grow from additional premium payments as well as interest accumulation.
Since FPDAs accept multiple and unscheduled premium contributions, the interest rate for each premium will be determined and guaranteed at the time of payment. After the initial rate guarantee period, your rate may be adjusted each year but may never fall below the guaranteed minimum interest rate at the time of issue. The potential benefits of a FPDA are:
- 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 payments.
- Avoid Probate. If you die prematurely, your annuity may be paid directly to your named beneficiary without the delay and expense of probate.
Be sure to carefully read and understand your policy, ask questions of your agent and consult your tax advisor for information about possible tax consequences. Annuities are not insured by the FDIC nor guaranteed by any federal government agency.
Please contact us, if you would like information about our FPDAs.
LBL offers all of the following types of annuities:
Flexible Premium Deferred Annuity
Create guaranteed retirement income by making flexible contributions.
41Get financial security in the form of systematic income payments for the rest of your life.
Single Premium Immediate Annuity 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.
At the time of your purchase, you will select the terms for receiving your payments. Once selected, you cannot change your mind. The most common types of payments are:
- 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 to you after the end of the specified period. You may outlive this type of annuity.
- 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 yr. etc.) These additional features serve 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 product 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.
Be sure to carefully read and understand your policy, ask questions of your agent and consult your tax advisor for information about possible tax consequences. Annuities are not insured by the FDIC nor guaranteed by any federal government agency.
Please contact us, if you would like information about our SPIAs.
LBL offers all of the following types of annuities:
Single Premium Immediate Annuity
Get financial security in the form of systematic income payments for the rest of your life.
