Liberty Bankers Life

4.80%
5 Year Term
Apply now

company Information

Company Name

Liberty Bankers Life

product Name
Bankers Elite 5
Description
Liberty Bankers Life Insurance was formed in 1958. They believe in the power of relationships. Nothing is more important than securing their customers financial future. More than 15,000 financial professionals sell their products. They have over 250,000 underwritten life insurance policies. Liberty Bankers takes care of their policyholders with a service first approach. They want to take care of their employees and policyholders. Liberty Bankers Life wants to set you up to be comfortable in retirement.
am best rating
A- Excellent (4th of 13 ratings)
Product Type
MYGA
Product description

Fixed annuities are for conservative investors who want safety, security, and guarantees.

You will preserve your principal and earn a fixed rate of return.

You might hear fixed annuities also called CD-like annuities or multiple-year guarantee annuities (MYGA's).

If you are sensitive to loss and don't want to lose a penny, a fixed annuity might be a good fit for some of your savings.

Read our educational articles on fixed annuities to learn more.

Rate Lock Period:

This is the number of days you have to get the funds to the insurance company after the application has been signed and submitted.

Qualified Retirement account: 45 days
Non-Qualified/after-tax annuity: N/A
1035 Annuity Exchange: 45 days

Riders & Features Available:
N/A

Rate Banding:
No banding. All investment amounts receive the same rate

term
5 yrs
minimum investment
$ 10,000
maximum investment
$ 500,000
maximum age
90
withdrawal allowance
Free withdrawals during the contract term are not allowed. Riders can be added, which lowers the interest rate if you need free withdrawals. Otherwise, all money withdrawn will be penalized based on the surrender charge schedule.

Have a Question?

Schedule A Call

- or -

Apply Online

When You Are Ready

Apply now

*Please provide an investment amount before applying.

Guaranteed Returns

Disclaimer: Some companies have rate banding and pay different rates based on your investment amount.

Please enter an accurate investment amount.

$
Should be at least $10,000
The maximum investment is $500,000
The field is required.
YEARRATEEARNINGSCUMULATIVE EARNINGSBALANCE
14.80%$ ?$ ?$ ?
24.80%$ ?$ ?$ ?
34.80%$ ?$ ?$ ?
44.80%$ ?$ ?$ ?
54.80%$ ?$ ?$ ?
Total$ ?$ ?$ ?

Enter an investment amount to calculate your earnings and account balance over the life of the contract.

Surrender Charge Schedule

Surrender charges are a penalty charged to early withdrawals of annuity contract. They are a percentage of the withdrawal amount, decrease over time, and go to zero when the term ends.

percentage charged to withdrawal

Year
Percentage
1
7.9%
2
7%
3
6.2%
4
5.3%
5
4.4%
market-value adjustment (MVA)

A market value adjustment is basically an additional charge or credit for taking money out early from an annuity.

They allow companies to pay a higher rate and make longer-term investments.

MVAs only affect you if you withdraw funds early. If you own the contract to maturity, they do not apply.

other Information

phone number(800) 745-4927
Product brochure
agent
commission
2.25%. We are paid from the insurance company general fund. It is not deducted from your account value. 100% of your money is working for you from day one. We could earn a higher commission based on sales volume and taking a more active role in the application process.
LOGIN FOR
Rate Effective DateNovember 12th 2024
premium TypeSingle Premium Annuity
account TypePersonal, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, 403(b).
Not available inAL, DE, NY, PR, VI
options at
maturity

At the end of the term, you can withdraw the account value, transfer it to another annuity, or turn the balance into a guaranteed income stream via annuitization. If you do nothing, the money will remain in the contract and earn the current interest rate they are offering. If the contract matures before you turn 59 ½, any withdrawals from a non-qualified account will be charged a 10% penalty.

death benefit provisionIf you pass away before the end of your annuity contract, your beneficiaries will receive the cash surrender value. The cash surrender value includes a possible surrender charge and market value adjustment.This product does allow for the fees to be waived if your heirs keep the contract until the end date.
taxesUnlike bank CDs, the interest you earn in an annuity grows tax-deferred. The taxation will vary depending on the type of account you own. Non-qualified annuities are funded with after-tax money from checking, savings, taxable brokerage accounts, etc.. Only the interest earned will be taxable at ordinary income when withdrawn from the annuity. Annuities funded by a Traditional or “pre-tax” IRA will be 100% taxable distributions. Both the principal and interest will be taxed as ordinary income. IRAs are already tax-deferred, so the annuity does not add an extra tax benefit. Annuities funded by a Roth IRA will not be taxed at withdrawal.
surrender schedule
7.9%, 7%, 6.2%, 5.3%, 4.4%
free-look period20 Days - This is the number of days you have after your policy has been delivered to change your mind and get a refund.
RMDNo
market value adjustmentYes
Apply now