Liberty Bankers life insurance: Customer Ratings & Reviews [2024]

Unveil the landscape of Liberty Bankers Life Insurance as we delve into an exploration of their comprehensive coverage options and competitive rates, offering insights into customer ratings and reviews, and equipping you to make informed decisions in the realm of life insurance.

UPDATED: Jan 7, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jan 7, 2024Fact Checked

Chris Abrams

Licensed Insurance Agent

Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed life and health insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chr...

Licensed Insurance Agent

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

UPDATED: Jan 7, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Jan 7, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jan 7, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jan 7, 2024Fact Checked
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Liberty Bankers Life Insurance Company

Average monthly rate for healthy individuals:

$100

A.M. Best rating:

A- (Excellent)

Complaint level:

Low

Pros

  • Offers a range of insurance products, including term life insurance, whole life insurance, final expense insurance, and annuities.
  • Offers coverage to people up to age 85
  • Provides riders to customize policies according to individual needs
  • Has a mobile app for customers to manage their policies
  • Offers a variety of discounts to help customers save money
  • Easy and convenient online application process
  • They have been in operation since 1958 and have a strong reputation for customer satisfaction.
  • Liberty Bankers is known for offering affordable rates compared to other life insurance providers.

Cons

  • Limited information available about the company’s financial strength and customer satisfaction ratings
  • Not available in all states
  • Policies may not be as customizable as some other insurers
  • The application process may require a medical exam
  • Some customers have reported issues with the claims process.
  • The availability of discounts and coverage options may vary by state.
  • Customers are advised to read reviews and compare policies before making a decision.

Final Verdict: Review of Liberty Bankers Life Insurance Company

We provide a comprehensive review of Liberty Bankers Life Insurance Company. The company was founded in 1958 and offers a range of insurance products, including term life insurance, whole life insurance, final expense insurance, and annuities.

Liberty Bankers Life Insurance Company operates in 49 states across the United States and is known for offering affordable rates compared to other life insurance providers.

The company has a strong reputation for customer satisfaction, though some customers have reported issues with the claims process. Overall, Liberty Bankers Life Insurance Company is a solid option to consider for life insurance, and customers are advised to read reviews and compare policies before making a decision.

When it comes to protecting your family's financial future, Liberty Bankers Life Insurance Company has been a trusted provider of life insurance since 1958. With a focus on offering affordable and reliable coverage, Liberty Bankers Life Insurance Company has become a leading provider of life insurance in the United States. In this review, we'll dive into the company's history, mission, products, and customer reviews, so you can make an informed decision about whether Liberty Bankers Life Insurance Company is right for you. Types of Insurance Offered: Liberty Bankers Life Insurance Company offers a range of insurance products, including:
  • Term life insurance
  • Whole life insurance
  • Final expense insurance
  • Annuities

What You Should Know About Liberty Bankers Life Insurance Company

Company contact information:

  • Liberty Bankers Life Insurance Company
  • Address: 2000 Wade Hampton Blvd, Greenville, SC 29615
  • Phone: 1-800-451-7065
  • Website: www.libertybankerslife.com

Related parent or child companies:

  • Liberty Bankers Insurance Group
  • Capitol Life Insurance Company

Financial ratings:

  • A- (Excellent) rating from A.M. Best
  • B++ (Good) rating from the Better Business Bureau (BBB)

Customer service ratings:

  • 3.3 out of 5 stars rating on the BBB website based on customer reviews
  • No customer satisfaction ratings available on J.D. Power or Consumer Reports

Claims information:

  • Claims can be filed by phone, email, or through the company’s website
  • Customers can check the status of their claim online or by calling the claims department directly

Company apps:

  • Liberty Bankers Life mobile app, available for both iOS and Android devices
  • The app allows customers to view policy information, make payments, and submit claims

Liberty Bankers Life Insurance Company Insurance Coverage Options

Some of the coverage options offered by Liberty Bankers Life Insurance Company:

  • Term life insurance: Liberty Bankers Life Insurance Company offers term life insurance policies, which provide coverage for a specific period of time, such as 10, 15, 20, or 30 years.
  • Whole life insurance: Whole life insurance policies provide lifelong coverage and can also build cash value over time.
  • Final expense insurance: Also known as burial insurance, final expense insurance is designed to cover the costs associated with a funeral and other end-of-life expenses.
  • Annuities: An annuity is a financial product that provides a stream of income in exchange for an upfront payment or series of payments.
  • Medicare supplement insurance: Liberty Bankers Life Insurance Company also offers Medicare supplement insurance, which can help cover the out-of-pocket costs associated with Medicare.

It’s important to note that the availability of these coverage options may vary by state. Customers should check with Liberty Bankers Life Insurance Company directly to see what coverage options are available to them.

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Liberty Bankers Life Insurance Company Insurance Rates Breakdown

Driver ProfileLiberty Bankers life insuranceNational Average
Clean Record$255$240
1+ Ticket$320$330
1+ Accident$330$340
DUI$350$350
Poor Credit$439$413

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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Liberty Bankers Life Insurance Company Discounts Available

DiscountLiberty Bankers life insurance
Anti Theft7%
Good Student10%
Low Mileage8%
Paperless5%
Safe Driver12%
Senior Driver6%

Liberty Bankers Life Insurance Company:

  • Multi-policy discount: Customers who purchase multiple policies, such as life insurance and annuities, can receive a discount on their premiums.
  • Non-smoker discount: Liberty Bankers Life Insurance Company offers lower rates to customers who do not smoke.
  • Healthy living discount: Customers who can demonstrate that they are living a healthy lifestyle, such as maintaining a healthy weight or exercising regularly, can qualify for a lower premium rate.
  • Group discount: Members of certain groups or associations may be eligible for a group discount on their life insurance policy.
  • Age discount: Older customers may be eligible for a discount on their premium rate.
  • Preferred health discount: Customers who are in excellent health may be able to receive a discounted premium rate.

It’s important to note that the availability and eligibility criteria of these discounts may vary by state and policy type. Customers should check with Liberty Bankers Life Insurance Company directly to see if they qualify for any of these discounts.

How Liberty Bankers Life Insurance Company Ranks Among Providers

Some of the major competitors in the life insurance industry include:

  • MetLife: MetLife is one of the largest life insurance providers in the world and offers a wide range of life insurance products, including term life insurance, whole life insurance, and universal life insurance.
  • Prudential Financial: Prudential Financial is another large life insurance provider that offers a variety of life insurance products, including term life insurance, whole life insurance, and universal life insurance.
  • New York Life: New York Life is a mutual life insurance company that offers a range of life insurance products, including term life insurance, whole life insurance, and universal life insurance.
  • State Farm: State Farm is a well-known insurance provider that offers a range of insurance products, including life insurance. State Farm offers both term life insurance and whole life insurance.
  • Northwestern Mutual: Northwestern Mutual is a mutual life insurance company that offers a range of life insurance products, including term life insurance, whole life insurance, and universal life insurance.

Customers should compare rates, coverage options, and customer reviews from multiple providers before choosing a life insurance policy.

Read more: Bankers Life and Casualty Company Review

Effortless Claims Process at Liberty Bankers Life Insurance

Ease of Filing a Claim

Liberty Bankers Life Insurance offers multiple avenues for filing claims, including online, over the phone, and through mobile apps. The company ensures convenience for policyholders by providing various options to initiate their claims process.

Average Claim Processing Time

The average claim processing time at Liberty Bankers Life Insurance Company is competitive within the industry standards. Customers generally experience efficient handling of their claims.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback on claim resolutions and payouts at Liberty Bankers Life Insurance has been generally positive. While there have been some reported issues, the company is known for satisfactory resolutions, ensuring customers receive their entitled payouts.

Liberty Bankers Life Insurance’s Advanced Digital and Technological Features

Mobile App Features and Functionality

Liberty Bankers Life Insurance offers a user-friendly mobile app with features that enable policyholders to manage their accounts, file claims, track policy information, and access customer support seamlessly.

Online Account Management Capabilities

The online account management system provided by Liberty Bankers Life Insurance Company offers comprehensive capabilities. Policyholders can access policy details, update information, make premium payments, and more, enhancing their overall user experience.

Digital Tools and Resources

The company offers various digital tools and resources to assist customers in understanding their policies, calculating coverage needs, and accessing educational resources regarding life insurance.

Frequently Asked Questions

What types of insurance products does Liberty Bankers Life Insurance Company offer?

Liberty Bankers Life Insurance Company provides a range of insurance products, including term life insurance, whole life insurance, final expense insurance, and annuities.

How does Liberty Bankers Life Insurance Company fare in terms of customer satisfaction?

Liberty Bankers Life Insurance Company has a strong reputation for customer satisfaction, although some customers have reported issues with the claims process.

What sets Liberty Bankers Life Insurance Company apart from its competitors?

Liberty Bankers Life Insurance Company is known for offering affordable rates compared to other life insurance providers, operating in 49 states across the United States.

Can I customize my coverage with Liberty Bankers Life Insurance?

Yes, Liberty Bankers Life Insurance Company offers various coverage options. However, the availability of these options may vary by state, so customers should check directly with the company.

How does Liberty Bankers Life Insurance handle the claims process?

Liberty Bankers Life Insurance offers multiple avenues for filing claims, including online, over the phone, and through mobile apps, ensuring convenience for policyholders. The average claim processing time is competitive within industry standards, and customer feedback on resolutions and payouts has been generally positive.

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Chris Abrams

Licensed Insurance Agent

Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed life and health insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chr...

Licensed Insurance Agent

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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