Liberty Bankers Life

5 Year Term
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company Information

Company Name

Liberty Bankers Life

product Name
Bankers Elite 5
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
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.

Guaranteed Rate Lock Period:

The rate is locked for 45 days from the date of application. If the funds are received after that period the rate might be subject to change and will be the rate in effect at that time.

5 yrs
minimum investment
$ 10,000
maximum investment
$ 500,000
maximum age
withdrawal allowance
Free withdrawals during the contract term are not allowed. Riders can be added at a cost to permit free withdrawals. Otherwise, all money withdrawn will be charged based on the surrender charge schedule. Note that any withdrawals made prior to age 59½ will incur a 10% penalty from the IRS.

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*Please provide an investment amount before applying.

Guaranteed Returns

Choose an investment amount and we’ll show you how much you can earn.

Should be at least $10,000
The maximum investment is $500,000
The field is required.
15.30%$ ?$ ?$ ?
25.30%$ ?$ ?$ ?
35.30%$ ?$ ?$ ?
45.30%$ ?$ ?$ ?
55.30%$ ?$ ?$ ?
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

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
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.
Rate Effective DateApril 4th 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

At the end of your contract term, you have 30 calendar days to choose from the following options.

1. Withdrawal any amount free of charges and fees.
2. Renew the contract for the same term, if available.
3. Renew the contract for a different term, if available
4. If you do nothing, any money left in the contract will earn a guaranteed minimum interest rate currently of 1.00%, accessible with no surrender charges.

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.
taxesAnnuities typically grow tax-deferred. If you withdrawal money that has never been taxed, withdrawals are 100% taxable. Non-qualified withdrawals have been taxed already, so only interest is taxed. This is called an exclusion ratio. Interest would be taxed, but the principal would not. Please work with a qualified specialist.
surrender schedule
7.9%, 7%, 6.2%, 5.3%, 4.4%
free-look period20 Days
market value adjustmentYes
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