Liberty Bankers Premium Whole Life

Preferred and Standard Ratings Available

• Super simplified point-of-sale approval. Telephone.
• NO medicals. NO APS's. Guaranteed death benefit and guaranteed cash values
• Not subject to market risks
• No annual increasing cost of insurance
• Income tax free death benefit
• Benefits and values GUARANTEED to age 121
• Issue ages 50 - 80
• Premium $20,000 - $500,000
• Accelerated Death Benefit Smaller Of 80% or $250,000 for Chronic or Terminal Illness of 12 months or 2 ADLs for consecutive 90 days 

Commission:

• 14.00% commission + 1st case bonus of 1.00% from FSD 
• Full carrier incentive trip credit 

State Availability: Not Available In CA, DE, DC, MN, NH, NY, ND, SD 

Brochure: Agent Guide

 ADVANTAGES:

• An immediate increase in the amount passed to their chosen beneficiaries. 
• The continued growth of the cash-value accumulation, which is generally income tax-free. 
• Transfer of the death benefit to the beneficiary, if they are the named beneficiary, without probate charges. 
• Transfer of the death benefit to the beneficiary without income taxes. 
• Availability of the cash-value accumulation with any income tax charged only when the funds are taken from the policy.
• Accelerated Death Benefit PLUS Rider or Accelerated Death Benefit Rider is included in states where approved. 

MARKET DESCRIPTION: 

• The idea of paying life insurance premiums for a lifetime can be a daunting thought to some people because they may be nearing retirement and facing the prospect of living on a reduced income. They may have been paying premiums into a policy that will need more money to stay in force, or they may find themselves in a situation where they do not need as much coverage as they once had and would like to stop making premium payments. Many people have accumulated liquid assets that they intend to pass along to their children, grandchildren, or even a special charity. At the same time, they are hesitant to “lock up” or “tie up” their money in case it is needed for some unforeseen emergency.   

PRODUCT TYPE: Whole Life Insurance

MINIMUM AMOUNT ISSUED: 

• Non-Qualified Only
• No Tobacco/Tobacco: $25,000 
• Preferred: $100,000 

ISSUE AGES:

• 0–85 for Standard underwriting classes 
• 18–75 for Preferred underwriting classes 

RATE CLASSES:

• Super Preferred No Tobacco 
• Preferred No Tobacco
• Preferred Tobacco
• Standard No Tobacco
• Standard Tobacco
  Only a Standard class is available if age 0–17 

POLICY MATURITY: Age 121

PREMIUMS: Single Premium

DIVIDENDS: 

• Any dividends will be credited on the policy anniversary. Dividends are not affected by policy loans. Dividends are not guaranteed and may be changed by the company at any time.

DIVIDEND OPTIONS:

• Purchase Paid-Up Additions (PUA) 
• Accumulate at Interest 
• Paid in Cash 

POLICY LOANS: 

• Available when policy has accumulated net cash value. Loans will accrue interest. Loans and withdrawals may generate an income tax liability, reduce the cash value and the death benefit if not repaid, and may cause the policy to lapse. 

RIDERS: 

• Accelerated Death Benefit Plus Rider - No additional premium required  
• Accelerated Death Benefit Rider - No additional premium required 
• Guaranteed Purchase Option Rider - Yes additional premium required
• Single Premium Paid-Up Additions Rider - Yes No additional premium required
  Not available in North Dakota. 

STATES AVAILABLE:  AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY 

COMMISSION: 5.00%

BROCHURES:

• Fact Sheet
• Sample Quote
• Pricing

EXAMPLE CASH VALUES :

• Up to 80% of premiums paid after yr 1 
• Up to 88% of premiums paid after yr 5 
• Up to 95% of premiums paid after yr 10
  Values based on male, age 50, Preferred non-tobacco, $25,000 annual premium for 10 years 

MARKET DESCRIPTION: 

• Primarily designed to help provide valuable asset protection to businesses where permanent life insurance is appropriate. This includes: Deferred Compensation, Split-Dollar, Key Employee Coverage, Buy-Sell Agreements, and Section 162 Executive Benefit Plans. The lack of cash value in the early years of many insurance policies might concern policy owners. Sentinel 15 responds with non-guaranteed cash value that is almost 74% of the premium paid by the end of the first year; guaranteed cash value that is almost 40% of the first year premium; and a projected dividend* that is roughly 35% of the first year premium.  

PRODUCT TYPE: Whole Life Insurance 

MINIMUM AMOUNT ISSUED: 

• Qualified and Non-Qualified
• No Tobacco/Tobacco: $25,000 
• Preferred: $100,000 

ISSUE AGES

• 0–85 for Standard underwriting classes 
• 18–75 for Preferred underwriting classes 
  Qualified: minimum issue age is 18 

RATE CLASSES 

• Super Preferred No Tobacco 
• Preferred No Tobacco
• Preferred Tobacco
• Standard No Tobacco
• Standard Tobacco
  Only a Standard class is available if age 0–17 

POLICY MATURITY: Age 121

PREMIUMS: Payable to age 65 or 20 years, whichever is longer

DIVIDENDS:  

• Dividends are not guaranteed and may be changed by the company at any time and for any reason. Dividends are not affected by policy loans. Any dividend for the first policy year will be credited upon payment of the premium for the second policy year. (By current company practice and subject to change, the first year’s dividend will be payable upon the payment of the first modal premium of the second policy year.) Any subsequent dividend will be credited on the policy anniversary. A pro rata dividend for the current policy year is paid on death. Dividends will vary by issue age and duration, sex, tobacco usage, risk class and face amount band. 

DIVIDEND OPTIONS:

• Purchase Paid-Up Additions (PUA) 
• Accumulate at Interest 
• Premium Payment 
• Paid in Cash 

POLICY LOANS: 

• Available when policy has accumulated net cash value. Loans will accrue interest. Loans and withdrawals may generate an income tax liability, reduce the cash value and the death benefit if not repaid, and may cause the policy to lapse. 

RIDERS: 

• Accelerated Death Benefit Plus Rider - No additional premium required  
• Accelerated Death Benefit Rider - No additional premium required 
• Accidental Death Benefit Rider - Yes additional premium required
• Children’s Insurance Rider  - Yes additional premium required
• Guaranteed Purchase Option Rider - Yes additional premium required
• Level Premium Paid-Up Additions Rider - Yes additional premium required
• Single Premium Paid-Up Additions Rider - Yes No additional premium required 
• Spouse Renewable Term Rider  - Yes additional premium required
• Annual Renewable Term Rider - Yes additional premium required
• 10-year Term Life Insurance Rider  - Yes additional premium required
• Waiver of Premium Disability Benefit Rider  - Yes additional premium required
  Not available in North Dakota. 

STATES AVAILABLE:  AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY 

RIDERS: 

• Priced With 10 Yr Term Life Rider For Increased Death Benefit
• Accelerated Benefit Rider included at no cost

COMMISSION: 

• 99% Total Commission
  (18% year 1, 9% years 2-10)

BROCHURES:

• Fact Sheet

Check out the FISPWL features below:

• Minimum Single Premium - $5,000 (No maximum) 
• Risk Classes: Standard NT, Standard T 
• Guaranteed Return of Premium from day 1 (Less any Indebtedness, Withdrawals or Accelerated Benefit paid out) 
• Immediate Bonus: 10% of the Single Premium 
• Loans available beginning policy year 2 
• Partial Withdrawals are allowed at any time (Not available in MN) 
• Minimum Guaranteed Interest Rate 2% 
• Three Distinct Crediting Strategies (Global Multi-Index Strategy available) 
• eApplication only, utilizing Accelewriting® at the point of sale (No telephone interview required)
• Policy eDelivery available Has a 10% single premium bonus credited to accumulation value 
• Guaranteed death benefit
• No cost living benefits included (chronic and terminal).
• Chronic is not available in CA.
• Ages 18 - 85
• 3.5% Declared Rate and 7% Cap
• Not Available in AK, CT, LA, MA, MT, NH, NJ, NC, OR, PA, VA                              

• Sagicor’s Sage IUL is available through Accelewriting® with NO telephone interview ever 
• Opportunity for an underwriting decision at point-of-sale, up to $1M in death benefit (depending on age) 
• Built-in Chronic Illness Accelerated Benefit rider, for NO additional upfront cost or additional underwriting 
• Multiple crediting strategy options for a customized approach
• Persistency bonus opportunity of 0.5% starting year 11 
• Potential for greater cash accumulation, with protection from downturns in the market 
• Tax-advantaged growth, distributions, and death benefit 
• IUL Comparison