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fixed annuities

Multi-Year Guarantee Annuity Details

Bankers Accumulator

This annuity product has been withdrawn by the issuing insurance company and is no longer available for new purchases.

Product Name

Bankers Accumulator

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

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

Product Information

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

The current 1 year guarantee period annual yield is 1.65% (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 Accumulator has a full penalty free withdrawal window after 0 years.

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

Current
1 Year Guarantee Period Annual Yield: 1.65%
Interest rate start of year 1 through end of year 1: 1.65%
This annuity product has been withdrawn by the issuing insurance company and is no longer available for new purchases.

Initial Surrender Charge and MVA Periods

0 years

N/A

0 years

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

Policy Details

Penalty Free Withdrawal Provisions

Death

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:  AL, CA, DE, DC, FL, MN, MO, MT, NY, ND and SD (as of 02/11/2019)

Notes

This annuity is totally liquid with no You may withdraw 100% of your accumulated value (without penalty) at any time. You may also make partial withdrawals at any time, but the remaining accumulated value may not be less than $10,000.