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fixed annuities

Multi-Year Guarantee Annuity Details

Product Name

Bankers 5

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

(4th of 15 ratings)
Not Rated
Not Rated
Not Rated
Not Ranked

Product Information

The Bankers 5 is a deferred multi-year guarantee annuity issued by Liberty Bankers Life Insurance Company.

The current 5 year guarantee period annual yield is 5.00% (see Rate Details below). This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Bankers 5 has a full penalty free withdrawal window after 5 years.

During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning with the first contract year, and each year thereafter, this annuity provides interest only (cumulative) as the penalty free withdrawal amount.

This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Liberty Bankers Life Insurance Company is rated “A-” by A.M. Best, was founded in 1957, and has over $2.4 billion in total assets.

Rate Details

Premium Amount: $10,000 - $500,000

5 Year Guarantee Period Annual Yield: 5.00%
Interest rate start of year 1 through end of year 5: 5.00%

Initial Surrender Charge and MVA Periods

5 years

5 years

5 years

State variations may exist, refer to product disclosure for details.

Other Guarantee Periods Available

Policy Details

Penalty Free Withdrawal Provisions

Death, Disability, Nursing Home and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  MN, NH and NY (as of 02/11/2019)

For AK, AL and DC: Policies are issued by Capitol Life Insurance Company.

For MO: Policies are issued by Capitol Life Insurance Company. No Market Value Adjustment (MVA). 

For OK: Max Issue Age is 85.

For PA: No Market Value Adjustment (MVA).


Disability, Nursing Home and Terminal Illness Waivers are only available on non-qualified policies.