Liberty Bankers Life

Why Liberty Bankers Life Final Expense (SIMPL)?

Since 1905 and 1957 respectively, American families have relied upon the faithful protection of two of America’s most trusted insurers. Liberty Bankers Life Insurance Company and The Capitol LifeInsurance Company.

The SIMPL Final Expense Plan is the affordable life insurance solution that helps provide peace of mind and security for your clients and their family.

SIMPL and MWLProduct Highlights:

• Guaranteed Death Benefit: Guaranteed for life not to decrease. The benefit can be assigned to a funeral home.
• Guaranteed Premiums: Guaranteed for life and will never increase.
• Guaranteed Cash Values: Guaranteed cash values that can be borrowed in case of an emergency.
• Guaranteed Non-Cancellable: Guaranteed the policy cannot be canceled by the company as long as the client pays the premiums when due.
• No Medical Exam Required to Apply

LBL SIMPL Final Expense Plan Product Information

The SIMPL Final Expense Plan offers three options to help meet your clients' financial needs Availability of these options are based on health status at the time of the application.

SIMPL Preferred and Standard both offer a level death benefit from the date of issue.

• SIMPL Preferred and Standard also offer, at no additional cost, accelerated death benefit provisions to help offset the expense of Terminal Illness (certified to have a life expectancy of less than 12 months) or Chronic Illness (certified by a physician), subject to the terms and conditions of the rider.*
• Upon a qualifying event, up to 80% of your death benefit may be paid directly to you. If you are fortunate enough to never use this feature, this full SIMPL death benefit will pass unreduced to your beneficiaries.

For individuals who cannot qualify for a SIMPL policy, the Modified Whole Life Policy (MWL) may be an alternative. Modified Whole Life is a final expense life insurance policy issued for those applicants with more complex medical issues. This policy offers a modified death benefit as follows:

• During the first 3 years: If death occurs as a result of an accident, the death benefit is 100% of the policy face amount. The non-accidental death benefit is equal to a refund of all premiums paid to date, plus 10% compounded.
• During the 4th year, the death benefit is 100%; followed by 105% in the 5th year; and 110% in the 6th year and thereafter.

*Additional terms and condition may apply. See rider form ICC16-LBL-LPL-ADBR or lCC16-CLIC-LBL-ABDR for complete details.

State Availability

The Liberty Bankers Life Final Expense life plans are available in all states. Check the product approval matrix in the agent portal to find out if the MWL option is available for you, as this is not available in all states.

New to Final Expense Sales?

You've come to the right place!

Check out some of the following resources to learn more about how to sell final expense products.

[ARTICLE] Final Expense Insurance: Level, Graded, Modified, and GI (2nd Edition)

Watch a roleplay example of how a Life Insurance Review is done (with a focus on final expense in this example):

[WEBINAR!] How to Sell Final Expense Insurance: