Whole Life
With whole life policies, you pay guaranteed level premiums, and coverage lasts your entire life. What varies is how many years you choose to pay level premiums.
Here are the options available to you with Liberty Series Whole Life:
Liberty Series Whole Life
You pay level premiums until age 100.1
Liberty Series 10-Year Payment Life
You pay level premiums for ten years.
Liberty Series 20-Year Payment Life
You pay level premiums for 20 years.
Liberty Series Life Paid-Up at 65
You pay level premiums until the policy anniversary following your 65th birthday.
Liberty Series Joint Whole Life
• A joint whole life policy can cover a husband and wife, two family members or two business associates.2
• Upon the death of the first insured, one death benefit is paid to that insured’s beneficiary.
• It has only one policy fee, and premiums are often less expensive than premiums for two separate policies.
Liberty Series Extra Value Life
• A "hybrid" policy that combines temporary and permanent coverage.3
• Generally, the price is lower than that of a traditional whole life policy.
• Over time, the temporary portion can be replaced by permanent coverage.
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Liberty Life Assurance Company of Boston, a member of the Liberty Mutual Group, issues Liberty Series Whole Life, Liberty Series Life Paid Up at 65, Liberty Series 10-Year Payment Life and Liberty Series 20-Year Payment Life on policy form WL-2005022 (WL-2005022 NY1 in New York and WL-2005022 NJ in New Jersey) and state variations identified by state code; Liberty Series Joint Whole Life on policy form JWL-2005055 (JWL-2005055 NY in New York and JWL-2005055 NJ in New Jersey) and state variations identified by state code; and Liberty Series Extra Value Life on policy forms WL-2005022 (WL-2005022 NY1 in New York and WL-2005022 NJ in New Jersey) and state variations identified by state code; and Extra Life Insurance Endorsement form EELI-2005067 (EELI-2005067 NY1 in New York) and state variations identified by state code. Home office: Boston, Mass. Service center: Dover, N.H.
1 All Liberty Series Whole Life policies endow at age 121. At age 121, the policyholder will receive the full surrender value of the policy.
2 Liberty Series Joint Whole Life is only available as payable to age 100 (joint equal age).
3 Liberty Series Extra Value Life is only available as payable to age 100.