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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.25%
7-Year
6.00%
10-Year
5.80%

Liberty Select

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Highlights

Premium Type
Flexible Premium
Max age Qualified
85
Minimum Contribution
$5,000
Maximum Contribution
$1,000,000
Market value adjustment
Return of premium
Free withdrawal
-100%
Types of funds
Non-Qualified, IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP
Brochure
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Liberty Select is an individual Flexible Premium Deferred Annuity designed to accumulate money for retirement. It is suitable for use as an IRA or other qualified account, as well as an attractive alternative to CDs and other taxable vehicles. (Not available as 403(b) or SIMPLE IRA.) You may start with as little as $5,000 single premium and add more money in the future, subject to a $100 minimum amount. Additional premiums accepted as both, Lump Sum or Periodic payments. 

How Interest is Credited
Each premium received during the first policy year is credited at the interest rate in effect at the time of purchase. This rate is guaranteed for the first policy year and includes an additional 1.50% for the first policy year. At the end of each policy year, a new rate will be declared for the following year which can never be less than the policy’s minimum guaranteed rate. Your interest is credited and compounded daily to yield our declared annual rate. There are no front-end sales charges or on-going administrative fees. 100% of your money works for you.

Liquidity
You may have access to your annuity at any time permitted by law. Your interest earnings are available when you need them. Without surrender charges or MVA, you may withdraw all of your accumulated interest two times per policy year. Alternatively, you may also elect to receive monthly checks of your entire accumulated interest earnings, subject to a minimum check of $100. Monthly checks of only a portion of accumulated interest earnings are not available. Withdrawals in excess of these amounts are subject to a MVA and surrender charges. Charges are applied from the original policy issue date, not the date of future additional premiums. Penalty free withdrawals do not apply to full surrenders. A 10% IRS penalty may apply on amounts withdrawn before the owner reaches age 59½.

Market Value Adjustments (MVA)
The Market Value Adjustment is an amount by which we adjust the Accumulated Value. An MVA will apply to a full surrender or to a partial withdrawal subject to a surrender charge made before the seventh policy anniversary. The MVA may increase or decrease your Accumulated Value, depending on whether interest rates have fallen or risen from the time of purchase. If interest rates have declined, your Accumulated Value could be higher. If interest rates have increased, your Accumulated Value could be lower. The MVA is not assessed after the seventh policy anniversary or upon the death of the Annuitant/Owner.

Note: we take TSP as a rollover to IRA.

Find out if the Liberty Select is the right product for you.

$

Traditional Fixed Annuity Interest Rates

Surrender Years First Year Yield Term Guaranteed Yield Term Current Yield
7 5.7% 3.39% 4.41%

Riders

No Riders for Liberty Select annuity.

Waivers

Nursing Home

Available after the first policy year; 90 day elimination period. May be elected only once; maximum of 50% of accumulation value may be surrendered without penalty. Applicable to annuitant only. The nursing home waiver does not include home health care.

Terminal Illness

Unavailable in states: TX

Terminal Illness Waiver: Available after the first policy year; 12 month life expectancy. May be elected only once; maximum of 50% of accumulation value may be surrendered without penalty. Applicable to annuitant only.

Disability

Disability Waiver: Available after the first policy year; 90 day elimination period. May be elected only once; maximum of 50% of accumulation value may be surrendered without penalty. Applicable to annuitant only.

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