Questions? 1.800.239.0356

Back to Top
fixed annuities

Traditional Fixed Annuity Details

Product Name

Liberty Select

Annuity Type

Traditional Fixed Annuity

Issuing Insurance Company and Ratings

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

Product Information

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.

Rate Details

Premium Amount: $5,000 - $500,000

First Year Yield: 5.70%
7 Year Term Current Annual Yield: 4.41%
7 Year 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%

Initial Surrender Charge and MVA Periods

7 years

7 years

7 years

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

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:  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.