Liberty Select
Traditional Fixed Annuity
The Liberty Select is a deferred traditional fixed annuity issued by Liberty Bankers Life Insurance Company.
The current first year yield is 5.70% and the 7 year term current annual yield is 4.41%, including bonuses if applicable (see Rate Details below). This assumes that the current base interest rate remains unchanged up to the first penalty free full withdrawal window, which is not guaranteed. The Liberty Select has a full penalty free withdrawal window after 7 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.
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Apr 4th, 2024
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| Current | |
|---|---|
| First Year Yield: | 5.70% |
| 7Year Term Current Annual Yield: | 4.41% |
| 7Year Term Guaranteed Annual Yield: | 2.09% |
| Interest rate start of year 1 through end of year 1: | 5.70% |
| Current Base Interest Rate: | 4.20% |
| Guaranteed Minimum Interest Rate: | 1.50% |
7 years
7 years
7 years
State variations may exist, refer to product disclosure for details.
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$5,000
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$5,000
|
|
$500,000
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$500,000
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85
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85
|
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45 days
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Yes
|
|
Accumulation Value
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No
|
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Interest Only
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Interest Only
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Yes
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Yes
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See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Not available in: AL, AK, DC, HI, MN, MO, NH, NY, OR, PA and WY (as of 02/13/2019)
Disability, Nursing Home and Terminal Illness Waivers are only available on non-qualified policies.
Description Here
