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.
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: Apr 23, 2024
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: Apr 23, 2024
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.
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Liberty Bankers Life Insurance Company
Average Monthly Rate For Good Drivers
$100A.M. Best Rating:
A- (Excellent)Complaint Level:
LowPros
- 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.
- Term life insurance
- Whole life insurance
- Final expense insurance
- Annuities
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.
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
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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.
Liberty Bankers Life Insurance Company Insurance Rates Breakdown
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| Driver Profile | Liberty Bankers life insurance | National 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
Liberty Bankers Life Insurance Company Discounts Available
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| Discount | Liberty Bankers life insurance |
|---|---|
| Anti Theft | 7% |
| Good Student | 10% |
| Low Mileage | 8% |
| Paperless | 5% |
| Safe Driver | 12% |
| Senior Driver | 6% |
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.
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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.
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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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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.
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