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Liberty Bankers Life Annuities
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Liberty
Bankers Life is a legal reserve life insurance company
established in 1958 |
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See What
Liberty Bankers Life Annuities And Our Insurance Brokerage System Has To Offer!
Liberty Bankers Life Annuities insurance brokerage was established in 1958 and is domiciled in the state of
Oklahoma and licensed in 38 states. Our headquarters is located
in Dallas, Texas and we have over 3,500 agents throughout the
country to serve our customers. The company's marketing efforts
are complemented by those of its subsidiary, The Capitol Life
Insurance Company, which markets its products in nine states.
The two companies combine to cover 46 states and the District of
Columbia.
Liberty
Bankers Life insurance brokerage offers all of the following
types of annuities:
Single Premium
Deferred Annuity
As
its name suggests, SPDAs are purchased with a single
premium payment. Your annuity will grow with guaranteed
interest until you choose to begin making withdrawals.
Your interest rate is established at the time of issue.
Our SPDAs offer a range of initial interest rate
guarantees including 1, 3 and 5 years. After the initial
rate guarantee period, your rate may be adjusted each
year but may never fall below the guaranteed minimum
interest rate at the time of issue. The potential
benefits of an SPDA are:
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Guaranteed Safety of Your Principal and Interest.
Your annuity is guaranteed by Liberty Bankers Life
insurance brokerage, a legal reserve life insurance
company.
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Income Tax Deferral. Tax deferral means postponing
taxes on interest earnings until a future point in
time. In the meantime, you earn interest on the
money you are not paying in taxes. You can
accumulate more money, which ultimately will provide
you with a greater income.
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Simplicity. There is no withholding tax or income
tax due while your annuity is accumulating. Only
when you begin making withdrawals will you have
taxable income reported. You determine that date.
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Flexible Payment Options. At the time you select to
make withdrawals from your annuity, you may have a
number of options available. You may be able to
choose a lump sum or a series of payments.
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Avoid Probate. If you die prematurely, your annuity
may be paid directly to your named beneficiary
without the delay and expense of probate.
Flexible Premium
Deferred Annuity
FPDAs offer the distinct advantage of accepting either
single or multiple premium payments into the same
policy. After the first premium payment, you may usually
make voluntary additional payments at any time. As a
result, over time, a single FPDA will grow from
additional premium payments as well as interest
accumulation.
Since FPDAs accept multiple and unscheduled premium
contributions, the interest rate for each premium will
be determined and guaranteed at the time of payment.
After the initial rate guarantee period, your rate may
be adjusted each year but may never fall below the
guaranteed minimum interest rate at the time of issue.
The potential benefits of a FPDA are:
-
Guaranteed Safety of Your Principal and Interest.
Your annuity is guaranteed by Liberty Bankers Life
insurance brokerage, a legal reserve life insurance
company.
-
Income Tax Deferral. Tax deferral means postponing
taxes on interest earnings until a future point in
time. In the meantime, you earn interest on the
money you are not paying in taxes. You can
accumulate more money, which ultimately will provide
you with a greater income.
-
Simplicity. There is no withholding tax or income
tax due while your annuity is accumulating. Only
when you begin making withdrawals will you have
taxable income reported. You determine that date.
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Flexible Payment Options. At the time you select to
make withdrawals from your annuity, you may have a
number of options available. You may be able to
choose a lump sum or a series of payments.
-
Avoid Probate. If you die prematurely, your annuity
may be paid directly to your named beneficiary
without the delay and expense of probate.
Single
Premium Immediate Annuity
SPIAs are purchased with a single premium, as its
name suggests. Most SPIAs begin paying you regular
monthly income payments 30 days from your date of
purchase, but you may prefer to begin your payments
at some later date within the 1st year.
At the time of your purchase, you will select the
terms for receiving your payments. Once selected,
you cannot change your mind. The most common types
of payments are:
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Period Certain
You receive level payments for a fixed number of
years (5, 10 etc.). If you should die before the
end of the period certain, payments will be paid
to your designated beneficiary. No payments are
made to you after the end of the specified
period. You may outlive this type of annuity.
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Single Life
You receive fixed payments for the rest of your
life. At the time of purchase, you may also
choose a Period Certain option (5, 10 yr. etc.)
These additional features serve to protect the
value of your payments in the event of your
premature death. Payments from SPIAs without
refund features cease upon the annuitant's
death.
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Joint & Survivor
Annuities This type of product
offers payments to one of two people, most
commonly spouses. Usually, full level payments
are made as long as both the annuitant and joint
annuitant are alive. Upon the death of either
the annuitant or joint annuitant, reduced (50%,
75%, etc.) level payments will continue to the
survivor for as long he/she is alive.
Calculators
Fixed Annuity Calculator
A Fixed Annuity can provide a very secure, tax deferred
investment. It can provide a guaranteed minimum interest
rate with no taxes due on any earnings until they are
withdrawn from the account. Use this calculator to help
you determine how a Fixed Annuity might fit into your
retirement plan.
Compare Savings Rates
Even a small difference in the interest you are paid on
your savings can add up over time. Use this calculator
to see how different savings rates can impact your
savings strategy! This calculator can also show you how
deposits at the start of each month, compared to the end
of the month, can impact your savings balance.
Retirement Income
Use this calculator to determine how much monthly income
your retirement savings may provide you in your
retirement. Your annual savings, expected rate of return
and your current age all have an impact on your
retirement's monthly income. View the full report to see
a year-by-year break down of your retirement savings.
Social Security Benefits
Do you wonder how much you might receive in Social
Security? Use this calculator to help you estimate your
Social Security benefits. Remember, this is only an
estimate, your actual benefits may vary depending on
your actual work history and income.
Life Expectancy Calculator
How much you need for retirement depends a great deal on
how long you expect to live. This calculator can give
you an idea of your life expectancy based on your
current age, smoking habits, gender and several other
important lifestyle choices.
Required Minimum
Distributions
The IRS requires that you withdraw at least a minimum
amount - known as a Required Minimum Distribution - from
your retirement accounts annually; starting the year you
turn age 70-1/2. Determining how much you are required
to withdraw is an important issue in retirement
planning. Use this calculator to determine your Required
Minimum Distributions.
72(t) Calculator
The Internal Revenue Code sections 72(t) and 72(q) allow
for penalty-free early withdrawals from retirement
accounts. These sections allow you to begin receiving
money from your retirement accounts before you turn age
59 1/2 without the normal 10% premature distribution
penalty. Use this calculator to determine your allowable
72(t)/(q) distribution and how it can help fund your
early retirement. The IRS rules regarding 72(t)/(q)
Distributions are complex. Please consult a qualified
professional when making decisions about your personal
finances. Please note that your financial institution
may or may not support all the methods displayed via
this calculator.
1040 Calculator
How much in income taxes will you pay? Use this 1040 tax
calculator to help determine your tax bill for next
April.
Amortizing Loan Calculator
Enter your desired payment and let us calculate your
loan amount. Or, enter in the loan amount and we will
calculate your monthly payment. You can then examine
your principal balances by payment, total of all
payments made and total interest paid. Press the report
button to see a monthly payment schedule.
Life Insurance Calculator
How much life insurance do you need? Enter your current
assets, expenses, income and let us determine how much
life insurance you need. You can also adjust the
inflation rate and your expected rate of return to see
how these variables can impact your insurance needs.
Press the report button to see a year by year breakdown
of your family's future income and expenses.
Forms
Policyowner Service Request (Form
7000-1004) used to request:
- Change Address
- Change Beneficiary
- Change Name
- Request Lost or
Duplicate Policy
Annuity Payment Plans (Form
7200-0405) used to request:
- Systematic
Withdrawal Plans
- Required Minimum
Distributions (for tax qualified accounts)
- Annuitization Plans
- IRC Section 72(t)
Payments
- Direct Deposit
Plans
Life Service Form (Form
LBL PHS) used to request
- Beneficiary, Name,
Owner Change
- Change of Address
- Duplicate
Certificate of Coverage
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Liberty
Bankers- Start Here!
The Heritage Guaranty Group of insurance companies is
owned by a private investment group with diversified holdings in the
financial services sector as well as real estate ownership and
management. The group operates four publicly traded real estate
entities with over $3 Billion in assets under management. Heritage
Guaranty Holdings Group operates as a subsidiary of Realty Advisors,
Inc.
Start Here!!
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For Your Client-
Insurance Brokerage provides you with the latest technology to
search for the best term life insurance quote for your client-
Our brokerage spreadsheet quoting system allows you to
examine "by underwriting class" all of our top companies as they apply to your
specific client needs.
Download top company life insurance quotes
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Get appointed with the
company that best suits your clients needs-
Get a state specific term
life insurance application-
Insurance brokerage affords the agent an easy way to access all of the forms for all of our companies.
Request
state specific brokerage life application forms-
Mail completed forms to -
Insurance Brokerage America
National Marketing P.O. Box 30248
Charleston, SC 29417 800-406-6303
843-769-9804 fax
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Calculator
A Tale Of Two Agents
Captive Agent
An agent
working exclusively for a single firm. He or she is obliged to submit
business only to that firm, or at least give that firm first rights of
refusal on the case.
Captive agents that are non-established are
usually paid on a combination of salary and commissions earned from selling
the policy contract. Also, the firm usually provides its captive agents
with an allowance for office expenses as well as employee benefits such as
pensions, life insurance, and health insurance.
The
established captive agent is usually paid exclusively on a commission
basis. This type of agent will tend to have more in-depth knowledge of
that firm's policies, however, he or she will hardly ever be equipped
to offer the industries' best price on any particular product
offering.
Independent
Agent Broker
Simply said, independent agents are appointed to sell
policies from many insurers. The agent is independent from all
insurers thus, the independent brokerage agent's responsibility is solely focused
on evaluating the client's needs and the pricing of the product
chosen.
While searching for the
brokerage market's best place for a
client's business, independent agents pay all their own expenses and
keep their own records and earn their income from brokerage commissions on the
policies they sell.
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