Liberty Bankers Life Insurance Review (2024)
Liberty Bankers sells a variety of insurance and financial services products. This company does not sell term or universal life insurance products. Liberty Bankers sells four distinct types of whole life insurance including a final expense life insurance that can be written as a pre-need policy.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Dec 4, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Dec 4, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Liberty Bankers’ headquarters is located in Dallas, Texas; the company was founded in 1957
- This company sells a variety of annuity and insurance products, including Medicare supplement plans and life insurance products
- Liberty Bankers is made up of three different affiliate companies that include Liberty Bankers Life Insurance Company, The Capitol Life Insurance Company, and The American Benefit Life Insurance Company
Liberty Bankers has been in the life insurance business for over 60 years, but they sell more than just life insurance products. Liberty Bankers Life also sells annuities, Medicare supplement plans, and permanent life insurance products.
Liberty Bankers is a small life insurance company with little brand recognition, so you probably won’t find them listed on any best life insurance companies lists, but this company still offers quality products that can help fill your needs.
We’ll take a closer look at the life insurance products that Liberty Bankers sell, check to see what their rates are, and review this life insurance company’s financial strength.
If you want to compare life insurance options like Liberty Bankers to the top providers in your area, enter your ZIP code above to see the best life insurance rates in your locality.
How expensive are the life insurance rates from Liberty Bankers?
Liberty Bankers specializes in whole life insurance products. You won’t find term life insurance or universal life insurance products from this company. You can check out how Liberty Bankers compares to other life insurance companies in the tables below.
Are you ready to compare affordable Liberty Bankers life insurance rates with the competition? Below you’ll see sample rates for men based on a $30,000 whole life insurance policy.
$30,000 Whole Life Insurance Average Monthly Rates by Age and Company for Men| Company | Age 50 Average Monthly Rates | Age 60 Average Monthly Rates | Age 70 Average Monthly Rates | Age 80 Average Monthly Rates |
|---|---|---|---|---|
| Assurity | $82.06 | $120.55 | $214.75 | $462.30 |
| Mutual of Omaha | $81.06 | $121.86 | $214.69 | $391.56 |
| Americo | $88.59 | $123.44 | $211.19 | $429.36 |
| Liberty Bankers Life | $82.27 | $128.14 | $210.67 | $431.14 |
| Phoenix | $82.17 | $121.53 | $209.94 | $432.47 |
| American-Amicable | $87.12 | $132.00 | $224.43 | $448.80 |
| United Home Life | $84.35 | $125.38 | $215.19 | $407.10 |
| Settlers | $94.35 | $135.92 | $218.54 | $461.81 |
| Transamerica | $85.04 | $124.29 | $216.83 | NA |
| Foresters | $89.70 | $129.26 | $212.42 | $433.91 |
Now that you’ve seen the sample life insurance rates for men, you probably want to see how Liberty Bankers rates compare for women too. You can sample rates for women based on the same criteria below.
$30,000 Whole Life Insurance Sample Monthly Rates by Age and Company for Women| Company | Age 50 Sample Monthly Rates | Age 60 Sample Monthly Rates | Age 70 Sample Monthly Rates | Age 80 Sample Monthly Rates |
|---|---|---|---|---|
| Assurity | $72.05 | $99.83 | $164.82 | $337.27 |
| Mutual of Omaha | $67.60 | $92.20 | $153.31 | $288.89 |
| Americo | $66.07 | $94.20 | $152.68 | $330.72 |
| Liberty Bankers Life | $67.45 | $94.76 | $155.11 | $318.23 |
| Phoenix | $71.61 | $101.10 | $157.49 | $322.43 |
| American-Amicable | $72.60 | $106.39 | $170.81 | $326.04 |
| United Home Life | $69.47 | $97.55 | $148.71 | $305.13 |
| Settlers | $78.03 | $109.14 | $167.28 | $340.43 |
| Transamerica | $68.82 | $94.02 | $154.84 | NA |
| Foresters | $71.85 | $99.93 | $153.96 | $326.94 |
The tables above give a solid reference point to start comparing Liberty Bankers life insurance to the competition. You can always call a Liberty Bankers’ life insurance agent to get a more specific life insurance quote and use that to compare Liberty Bankers life insurance quotes with other providers.
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What types of life insurance policies are sold by Liberty Bankers?
Liberty Bankers only sells whole life, final expense, and pre-need life insurance policies. You will not find term life insurance or universal life insurance policies from this provider. Liberty Bankers does provide small-term life insurance riders for children and grandchildren that can be added to your permanent life insurance policy.
Do you want to learn more about the specific whole life insurance policies sold by Liberty Bankers Life? Keep reading to learn more about the different whole life insurance policies sold by Liberty Bankers.
What are different kinds of whole life insurance policies sold by Liberty Bankers?
Liberty Bankers sells four different types of whole life insurance policies. There are also many available riders you can add to your life insurance policy to get the customized coverage you need.
Liberty Bankers’ “SIMPL” whole life insurance policy is just final expense life insurance. This policy is designed to cover the costs of your final expenses such as burial, cremation, etc. If you are looking for a more thorough life insurance policy, you will want to choose a different policy. These policies will have small coverage amounts compared to the other options.
Liberty Bankers’ “Modified Whole Life” policies are final expense insurance with a little extra coverage to help adults with manageable long-term medical conditions. This policy can give you a little bit of extra coverage to help cover care costs, etc.
The “Flex4Life” whole life insurance policy from Liberty Bankers gives consumers the most options for their life insurance coverage. The Flex4Life policy comes with higher coverage amounts, and these policies also offer a variety of payment options. If you are looking for flexibility, this is the best life insurance policy Liberty Bankers sells.
Liberty Bankers also offers a single premium whole life insurance policy designed for the wealth transfer market. This policy is called the “Liberty Legacy Single Premium Whole Life.”
If you are unsure which life insurance policy best fits your needs, please speak with a life insurance agent to weigh each policy’s pros and cons and assess your specific needs.
Is pre-need insurance available from Liberty Bankers?
Yes, pre-need life insurance is also available from Liberty Bankers. Pre-need life insurance is really no different than final expense life insurance. The only difference between the two policies is who the beneficiary is.
Pre-need life insurance policies allow you to list a funeral home of your choice as the policy’s beneficiary when you buy Liberty Bankers life insurance. You can make all of your final arrangements ahead of time, and when you pass, your policy directly pays the funeral home, and they take care of all your final needs.
Many people like this policy option because it allows them to take the burden of planning their final arrangements for their family and loved ones.
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What is Liberty Bankers A.M. Best rating?
A.M. Best has given Liberty Bankers a B++ financial strength rating. This means that the company is on pretty solid financial ground. They will likely be able to make all benefit payments on time and in full.
Liberty Bankers Life Insurance: The Bottom Line
If you’re looking for many life insurance options, Liberty Bankers is not the company for you. This company specializes in whole life insurance. Most of this company’s insurance and financial services products are aimed at older individuals.
Younger people can likely find better life insurance at a lower price at other providers. However, older people might find the Liberty Bankers’ combination of retirement, Medicare supplement, and life insurance products suitable to their needs.
If you want to compare life insurance options like Liberty Bankers to the top providers in your area, enter your ZIP code above to see the best life insurance rates in your locality.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.