Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Liberty Updates Whole Life Policy

Your article was successfully shared with the contacts you provided.

A New England company is aiming a single-premium whole life insurance policy at the estate planning market.

Liberty Mutual Group, Boston, says its Liberty Life Assurancy Company has started selling a revised version of the Liberty Series Estate Maximizer single-premium whole life insurance policy.

The single premium immediately buys a death benefit that is larger than the original payment, the company says.

For a 65-year-old woman, paying a $50,000 single premium would guarantee beneficiaries a payment of $102,105, the company says.

Liberty Life Assurance will lock in the interest rate for a full year and is offering a 100% return-of-principal guarantee.

Purchasers can buy an accelerated death benefit rider that can pay up to 90% of the death benefit to an insured who becomes terminally or chronically ill.

Liberty Life Assurance is responsible for backing the products guarantees.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.