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Life Insurance
At Liberty Insurance, we want to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. You can count on us to stand behind our commitments and treat people right. In every interaction, we are guided by our core values of responsibility, understanding and integrity.
Life Insurance
Term Insurance provides no-frills life insurance protection for a specific period of time or term. Budget-wise, term insurance is less expensive than whole life because it is pure protection without cash accumulation. As a result, it is a cost-effective way to protect against critical exposures. You may use term insurance for both business and personal application.
Examples of business needs:
- Cost of replacing a key employee
- Transferring company ownership
- Collateralize a business loan
Examples of personal needs:
- Income replacement
- Mortgage insurance
- Protection during the college years
- Funeral expenses
If you have long-term insurance needs, we also offer a competitive portfolio of permanent life insurance products.
Long Term Care Insurance
Long Term Care Insurance can help protect your retirement savings and other assets against one of today's biggest financial threats. The average cost of long term care for 2 1/2 years in a nursing home is approximately $95,000 (A Shopper's Guide to Long Term Care, NAIC, January, 1997), and can reach $160,000 or more (Business & Health Magazine, January, 1997).
Long term care conditions
These conditions are related to the natural course of aging, or to an accident, disability, chronic illness, or cognitive impairment, like Alzheimer's disease, and only limited coverage may be provided by Medicaid, Medicare or medical insurance.
Annuities
Annuity contracts are provided by insurance companies, and may be either immediate or deferred. Immediate annuity contracts provide income payments that start shortly after you pay the premium. Deferred annuity contracts provide income payments that start later, often many years later. You may use an annuity contract to help meet two important financial needs: the need to accumulate money for retirement and, upon retirement, the need for a steady income payout. The income would be guaranteed for a specific period of time, typically for life, even if the amount paid out to you exceeds the contract value at the time the payout begins.
Annuity Products and Programs
- Fixed interest annuities
- Variable annuities investing in stocks and bonds, and managed by name brand companies like Fidelity, Putnam, Dreyfus and Janus
- Rollover Individual Retirement Annuities (IRAs)
- Non-qualified Annuities
- Single Premium Immediate Annuities
Life Insurance and Annuity Products that have an investment component are subject to investment risk including possible loss of value.
What's Next?
Our representatives are ready to help you determine the coverage options that are best for your individual situation and to provide rate quotes. We look forward to assisting you.
Phone: (504) 240-5191 or 1 (800) 883-3943
Fax: (504) 240-5274
Liberty Insurance, Inc. is a wholly owned subsidiary of Liberty Bank and Trust Company.
The products offered by Liberty Insurance, Inc. are not a deposit or other obligation of, or guaranteed by, Liberty Bank. They are not insured by the FDIC or any other agency of the United States, or by Liberty Bank.
Life insurance and annuity products that have an investment component are subject to investment risk including the possible loss of value. Liberty Bank does not condition the extension of credit on the applicant's purchase of an insurance product or annuity from Liberty Bank or Liberty Insurance. Nor is the extension of credit conditioned upon the applicant's agreement not to obtain an insurance product or annuity from an unaffiliated entity.