Bankers Elite 9

Bankers Elite 9

Product Name

Bankers Elite 9

Annuity Type

Multi-Year Guarantee Annuity

Issuing Insurance Company and Ratings

Liberty Bankers Life Insurance Company - View details

A-
(4th of 15 ratings)
Not Rated
Not Rated
Not Rated
Not Ranked

Product Information

The Bankers Elite 9 is a deferred multi-year guarantee annuity issued by Liberty Bankers Life Insurance Company.

The current 9 year guarantee period annual yield is 4.40% (see Rate Details below). This is the guaranteed annual yield, including bonuses if applicable, for the initial guarantee period term, up to the first penalty free full withdrawal window. The Bankers Elite 9 has a full penalty free withdrawal window after 9 years.

Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.

Liberty Bankers Life Insurance Company is rated “A-” by A.M. Best, was founded in 1957, and has over $2.3 billion in total assets.

Rate Details

Sep 1st, 2022
Oct 3rd, 2022
9 years

Premium Amount: $10,000 - $500,000

Current Upcoming
9 Year Guarantee Period Annual Yield: 4.40% 4.45%
Interest rate start of year 1 through end of year 9: 4.40% 4.45%

Initial Surrender Charge and MVA Periods

Early Surrender Charges: 9 years
Market Value Adjustment (MVA): 9 years
Penalty Free Full Withdrawal Window Available After: 9 years

State variations may exist, refer to product disclosure for details. 

Policy Details

Min Premium Non-Qualified: $10,000
Max Premium Non-Qualified: $500,000
Max Issue Age Non-Qualified: 80
Rate Lock on Transfers: 45 days
Death Benefit: Surrender Value

Min Premium Qualified: $10,000
Max Premium Qualified: $500,000
Max Issue Age Qualified: 80
Subject to MVA: Yes
Income Rider Available: No

Penalty Free Withdrawal Provisions

First Year Withdrawals: None
Cumulative Withdrawals: No
Penalty Waivers: None

Years 2+ Withdrawals: None
RMD Friendly: Yes

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  DE, MN, NH and NY (as of 02/11/2019)