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Liberty Bankers Life Annuities

  Liberty Bankers Life is a legal reserve life insurance company established in 1958  

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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:

  • 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.
  • 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. 

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.
  • 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:

  • 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.
  • 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.
  • 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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 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.

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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.


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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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