Loran Marmes

Liberty Bankers Life Insurance Company Review: Are They the Right Choice for You?

When you’re buying life insurance, it’s tempting to just go with what’s familiar. Or, if you’re like most people, you might tend to favor companies that first came to mind when thinking about insurance carriers.


Easy Article Navigation




However, before you make a decision and sign anything on the dotted line, take a few minutes to read this article and learn more about Liberty Bankers Life Insurance Company.


About Liberty Bankers Life Insurance Company


Certainly, you want to buy your final expense insurance at the lowest rate possible, but keep in mind that the company you select is promising that it will pay a benefit in exchange for your premium.

It’s critical that you know about the company you are considering and whether they will be there when you need them. We believe Liberty Bankers Life is one such company. But, don’t take our word for it. Read on to find out more about Liberty Bankers Life.


Company Overview


Key InformationLiberty Bankers Life Insurance Company Specifics
Year Established1958
Current Executive ManageDavid W. Glidden - CEO
Estimated number of Employees10,000
Total Sales$36 million
Total Assets$1,750,000,000
Headquarters1605 LBJ Freeway, Ste 710 Dallas, TX
Direct Phone469-522-4400
Individual Life Premiums Written$55,255,022
Financial Standing$141 million
Best known Life Insurance ProductFinal Expense and Burial Insurance
A.M. Best RatingB++


Liberty Bankers Life Final Expense and Burial Insurance


In order to accommodate the needs of seniors shopping for affordable final expense and burial insurance, Liberty Bankers offers three final expense insurance plans:


SIMPL Final Expense


Liberty Bankers Life Insurance provides individuals with affordable insurance that has immediate death benefits, ensuring that the policy is effective immediately.

The SIMPL Life Insurance program is designed to help individuals find coverage in the shortest possible time. And, in case you’re wondering, there is never a medical exam required to purchase coverage.


SIMPL Final Expense Insurance Highlights:

  • Eligible issue ages: 18 – 80
  • Minimum Death Benefit: $3,000
  • Maximum Death Benefit $30,000
  • The SIMPL death benefit is guaranteed from the first day of coverage
  • Premiums: Once issued, the policy premiums remain level for the life of the insurance and can not be increased by the insurance company.


SIMPL Final Expense Insurance Compared with the Top 5 Companies


Male Non-Smoker $10,000 Final Expense Policy


Age GCUSecurity NationalLiberty BankersAmericoMutual of Omaha


Female Non-Smoker $10,000 Final Expense Policy


AgeGCUSecurity NationalLiberty BankersAmericoMutual of Omaha


For accurate rates for your actual age, please click on the button below for instant rates from all final expense insurance companies.



Liberty Bankers Life Modified Whole Life


Some people who don’t qualify for the SIMPL life insurance due to pre-existing conditions can buy modified whole life insurance.

This means that you will need to answer health questions as part of the underwriting process but there will be no medical exam required.

Note that this policy is a graded benefit policy. Although the premium remains constant, the full death benefit will be paid in the first three years of the policy, only if your death is due to an accident.

With Modified death benefit, if you die from natural causes during the first 3 years, your beneficiaries will only collect the premiums paid plus 10%, instead of the full death benefit.

At year 4, the death benefit will equal 100%; year 5 equals 105%, and year 6 equals 110%.


Modified Whole Life Final Expense Insurance Highlights

  • Eligible issue ages: 40 – 80
  • Minimum death benefit: $1,000
  • Maximum death benefit: $20,000
  • Number of years with graded death benefit: 3


Liberty Bankers Final Expense Insurance Riders


Life insurance riders are available so that you can add additional coverages to broaden your policy’s benefits and take advantage of additional living benefits in your final expense insurance policy.

  • Accelerated Living Benefit – This rider provides for the insurer to advance a portion of the death benefit to the insured in the event he or she is diagnosed with a terminal illness. It is available for those insureds who need help with end-of-life expenses.
  • Waiver of Premium – The waiver of premium rider is very popular because it’s an inexpensive add-on that provides for the insurer to waive your periodic premiums while disabled and unable to work.
  • Accidental Death Benefit – The accidental death benefit rider provides for the insurer to pay an additional benefit amount if the insured’s death is the result of accidental causes.
  • Children’s Term Rider – The children’s term rider allows the insured to add eligible children to the policy and place between $5,000 and $20,000 of term life insurance that will cover them to age 25. At age 25 or earlier if the child is married, the child can convert the term coverage to whole life coverage up to 5 times the amount purchased without evidence of insurability.
  • Grandchild Term Insurance Rider – The grandchild term rider offers the same type of coverage as the Children’s Term Rider but the maximum amount of term coverage is reduced to $7,500.


Liberty Bankers Flex4Life


The Flex4Life Product was designed for individuals looking for a more traditional whole life policy that offers more coverage than the traditional final expense products.

Eligible applicants can be as young as 16-years-old and as old as 80-years old. Coverage amounts start at $10.000 and can go as high as $4 million.

Applicants wishing to purchase coverage over $205,000 will be required to have a life insurance medical exam during the underwriting process.

Flex4Life is considered a flexible life insurance policy because of the choices of periodic premium payments:

  • Payments for Life
  • 10-pay (policy is paid up in ten years)
  • 20-pay (policy is paid up in 20 years)
  • Paid-up at age 70
  • Paid-up at age 100


As a traditional whole life policy, the insured’s will enjoy the guaranteed benefits that are a traditional part of whole life insurance:

  • The policy cannot be canceled by the company as long as premiums are paid
  • The company cannot increase the periodic premiums for any reason
  • The policy builds cash value that earns tax-deferred interest and can be accessed through policy loans or withdrawals.


Where Can I Buy Liberty Bankers Life Insurance?


Liberty Bankers Life uses an independent agent distribution system and has appointed many insurance professionals across the country to represent them.

Insurance shoppers always have an advantage using an experienced and reputable independent insurance professional because they represent most of the highly-rated insurance companies that offer final expense and burial insurance.

My Burial Insurance Plan is proud to represent Liberty Bankers Life and other highly-rated carriers who offer final expense and burial insurance products. We specialize in the senior marketplace by offering affordable life insurance and Medicare-related products through our sister company: MyMedicareSupplementPlan.org.

Please feel free to contact us at 844-528-8688 with any questions or you can click the button below to get an insurance final expense life insurance quote from all the carriers we represent.



About the Author


Loran Marmes headshotMy name is Loran Marmes and I am the owner of MyBurialInsurancePlan.com. I would like to explain why we are your best option when it comes to Life Insurance. We are an Independent Agency and we contract with all of the top-rated carriers in the country so we can offer you products and pricing tailored to your needs and budget. After a four-year tour of duty, I went into the printing business and enjoyed meeting with clients and helping them solve printing-related business issues. After years of 12-hour days in the printing business, I got my Health and Life Insurance license and decided to specialize in Life Insurance because I have seen first hand what happens to a family when the main breadwinner dies without any coverage. My intentions will always be to put your needs first so that I can deliver solutions that will accommodate your circumstances and your budget.


burial insurance in Texas

Burial Insurance in Texas

It's not unusual for a Texas senior to be concerned about buying burial insurance. In fact, many seniors across the company are even reluctant to shop for burial insurance because of a very tight budget or medical conditions. The good news is that burial insurance in...
burial insurance with a pacemaker

Burial Insurance with a Pacemaker

Burial Insurance with a Pacemaker. Here are the facts.   Easy Article Navigation What is a Pacemaker and what does it Do?  How a Pacemaker Works  Burial Insurance Rates for People with a Pacemaker Information Required by Your Underwriter How to Find Burial...
burial insurance for cancer patients

Burial Insurance for Cancer Patients [Current and Former]

According to the Centers for Disease Control (CDC), cancer is the second leading cause of death among U.S. Americans.  However, this does not mean that you will not be able to acquire burial insurance, in fact, it will not even prevent you from getting burial...
low cost burial insurance

Low Cost Burial Insurance with Multiple Sclerosis

Find low-cost Burial Insurance with Multiple Sclerosis. Multiple Sclerosis (MS) is a well-known autoimmune disease that affects a person's brain as well as the spinal cord and affects more women than men. Although the disorder can be diagnosed in people at any age,...
best burial insurance policy

Best Burial Insurance Policy with Fibromyalgia

Best Burial Insurance Policy with Fibromyalgia   Article Quick Navigation   What is Fibromyalgia? What are the Symptoms of Fibromyalgia? Can I get Burial Insurance with Fibromyalgia? What's the Underwriting Process? What is Guaranteed Issue Life Insurance?...
burial insurance with bronchitis

Best Burial Insurance with Bronchitis

Chronic Bronchitis does not have to interfere with obtaining life insurance coverage.  Actually, there are numerous ways that those with a history of chronic bronchitis can acquire affordable burial insurance.   Easy Article Navigation   What Causes...
family benefit life insurance

Family Benefit Life | Trinity Life

Family Benefit Life is one of the many insurance companies in the market that offers a burial insurance plan. It is operated by the First Trinity Financial Corporation. We will go through the details of this life insurance company below. To compare rates or see if a...
colonial penn life insurance review

Colonial Penn Life Insurance Review | What they Don’t Tell You

If you watch any TV whatsoever, the odds are really good that you’ve seen a Colonial Penn Life Insurance commercial. You may not recall most of what was promised, nevertheless, you've probably seen their commercial and probably on multiple occasions. Alex Trebek is...
best final expense insurance companies

Best Final Expense Insurance Companies

Best Final Expense Insurance Companies for 2020   What are the Best final expense insurance companies? My Burial Insurance Plan represents many of the highly-rated final expense insurance companies. These companies not only have very competitive rates but they...
mutual of omaha final expense insurance

Mutual of Omaha Final Expense Insurance

Mutual of Omaha Final Expense Insurance, Mutual of Omaha, is one of the most popular and well-known life insurers in America and distributes its insurance products through several subsidiary companies across the U.S.   Quick Article Navigation   Mutual of...
burial insurance with melanoma

Burial Insurance With Melanoma

Burial Insurance with Melanoma (skin cancer).   Easy Article Navigation Risk Factors for Melanoma How Common is Melanoma in the U.S.? Recommended Preventative Measures Finding Affordable Burial Insurance with Melanoma Your Outcome Depends on Your Prognosis  ...
how to buy burial insurance pulmonary embolism

How to Buy Burial Insurance after a Pulmonary Embolism

How to buy Burial Insurance after a pulmonary embolism. There is nothing simple about a pulmonary embolism. The event happens when a blood clot creates a blockage of a major blood vessel in the lung.   Easy Article Navigation Symptoms of a Pulmonary Embolism The...