29 November 2020

Life Insurance | Liberty Mutual

Ensure financial security for your family. Get a quote

Life insurance isn’t one size fits all. Understand which is best for you.

  • Term life
  • Whole life
  • Fixed annuity/fixed income

Anytime is a good time, but these life events are especially important.

  • Just married
  • If you bought a new home
  • Expecting a baby

Liberty Mutual offers three kinds of life insurance plans designed to meet different needs. Browse below to understand if term life, whole life, or fixed annuities/fixed income is best suited for you and your family.

Term life insurance

Provides affordable coverage to meet your temporary needs. You’ll receive a guaranteed death benefit for the term you choose, and your payments are guaranteed to remain level for the length of the term.

What a term life policy can include:

  • Level premiums for 10, 15, 20, or 30 years
  • The option to continue coverage at the end of the level term period
  • A built-in conversion guarantee
  • A choice of riders or add-on benefits to customize coverage
  • Temporary coverage without a lengthy application process or medical exam (Simplified Issue only)

Whole life insurance

Gives you level premiums, strong guarantees, and valuable protection. It can also build cash value, which you can access through loans.

What a whole life policy can include:

  • Guaranteed income-tax free death benefit
  • Guaranteed level premium
  • Guaranteed cash value, which can grow tax-deferred
  • A choice of riders or add-on benefits to customize coverage
  • Permanent coverage without a lengthy application process or medical exam (Simplified Issue only)
  • Death benefit immediately higher than the single premium (for Single Premium Whole Life)
  • 100% return of premium guarantee (for Single Premium Whole Life)
  • Minimum guaranteed return
  • Immediate access to principal

Fixed annuities/fixed income

With a Single Premium Deferred Annuity (SPDA) or Fixed Indexed Annuity (FIA), you make just one lump-sum premium payment in exchange for a guaranteed stream of income for your retirement years.

A fixed annuity can include:

  • A long-term interest rate guarantee (for example, 60-month)
  • Earns tax-deferred interest
  • Access to cash in case of certain qualifying conditions for owner and spouse
  • Access to indexed strategies to potentially earn higher interest (FIA only)

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