Liberty Bankers Burial Insurance Review (Rates)

Liberty Bankers Burial Insurance Review (Rates)

September 29, 20238 min read

Liberty Bankers Burial Insurance provides essential coverage for funeral and burial expenses, serving as a valuable form of "last expense" insurance. This type of policy aids individuals and their families in navigating the financial and logistical aspects of planning for end-of-life arrangements.

With a focus on meeting the diverse needs of its customers, Liberty Bankers Burial Insurance offers a variety of policy options, including both term and permanent coverage. This flexibility allows individuals to select a plan that aligns with their unique preferences and financial circumstances.

In this examination, we will delve into the features and benefits of Liberty Bankers Burial Insurance, shedding light on how it can offer peace of mind and financial security to policyholders and their families. Additionally, we will provide an overview of the company's financial stability and customer satisfaction ratings, offering insight into its reliability and reputation within the industry.

2023 Liberty Bankers Burial Insurance Review (Rates)

Who Is Liberty Bankers Life Insurance

Liberty Bankers Life Insurance Company is a well-established provider of insurance products, offering a range of coverage options to individuals and families, including burial insurance. Established in 1950, the company is headquartered in Dallas, Texas, and has since become a trusted name in the insurance industry.

As a subsidiary of Liberty National Life Insurance Company, Liberty Bankers Life Insurance Company is recognized for its commitment to offering life, supplementary, and health insurance products of high quality. Operating in over 40 states across the United States, Liberty Bankers Life Insurance provides accessible insurance solutions to a wide demographic.

In addition to burial insurance, Liberty Bankers Life Insurance Company offers an array of other insurance products, catering to various needs and preferences. These include annuities, Medicare supplement insurance, whole life insurance, term life insurance, and universal life insurance. With such a comprehensive range of offerings, Liberty Bankers Life Insurance Company aims to meet the diverse insurance needs of its customers, providing them with peace of mind and financial security.

How Do I Reach Liberty Bankers Life

For any inquiries or assistance related to Liberty Bankers Life Insurance, you can easily reach their customer service team by dialing 1-800-331-2512. They are available to assist you from 8:00 a.m. to 5:00 p.m. Central Time, Monday through Friday.

Whether you have questions about your policy, need to file a claim, or require clarification on coverage details, contacting Liberty Bankers Life Insurance via phone is a convenient option for policyholders.

Alternatively, you can also utilize the contact form available on the company's official website,, to submit your queries or requests. Simply fill out the form with your information and message, and a member of their customer support team will get back to you promptly.

In addition to phone and website communication, Liberty Bankers Life Insurance can also be reached through social media platforms such as Facebook and Twitter. By engaging with them on these channels, you can stay updated on company news, connect with other policyholders, and reach out to customer service representatives if needed.

No matter which communication method you choose, Liberty Bankers Life Insurance strives to provide prompt and helpful assistance to ensure that all your insurance-related needs are addressed efficiently.

What Are Liberty Bankers Life Burial Insurance Rates

Understanding Liberty Bankers Life burial insurance rates involves considering various factors tailored to individual needs. Liberty Bankers Life Insurance offers burial insurance policies with flexible coverage options to accommodate diverse requirements.

The rates for burial insurance are influenced by several key factors. These include the chosen coverage amount, the age of the policyholder, and their state of residence. Typically, older individuals and those with pre-existing medical conditions may incur higher premiums. Additionally, policies offering greater coverage levels may come with higher premium costs.

It's essential to note that burial insurance rates can vary significantly among insurance providers. Therefore, it's advisable to compare rates from multiple companies to ensure you're getting the best value for your coverage.

To provide insight into potential rates, here are some illustrative examples for both men and women. These rates can serve as a reference point, but actual costs may vary based on individual circumstances and policy specifics.


What Are The Rate Classes For Liberty Bankers Life Burial Insurance

Liberty Bankers Burial Insurance employs rate classes to determine the premiums for burial insurance policies. These rate classes categorize policyholders based on their perceived level of risk by the insurance company.

The cost of burial insurance coverage is determined by the rate class to which an individual is assigned. Liberty Bankers Life Insurance offers various rate classes, each tailored to different risk profiles.

While the specific rate classes offered by Liberty Bankers Burial Insurance may vary, some common pricing categories typically include:

  • Preferred: This rate class is reserved for individuals who are in excellent health and pose minimal risk to the insurance company. Preferred rates are often the most favorable and affordable.

  • Standard: Policyholders in this rate category generally have a few health concerns but are considered to be in overall good health. Standard rates reflect a moderate level of risk.

  • Modified: Individuals with significant health issues or other risk factors are typically placed in this rate class. Modified rates may come with certain limitations or higher premiums due to the increased level of risk.

By classifying policyholders into these rate categories, Liberty Bankers Life Insurance ensures that premiums are aligned with the level of risk associated with each individual. This allows for fair and accurate pricing tailored to the unique circumstances of each policyholder.


Liberty Bankers Burial Insurance Underwriting Questions

For its burial insurance products, Liberty Bankers Life Insurance Company has an underwriting procedure and standards.

The practise of underwriting is used by insurance firms to evaluate the risk of covering a certain person and establish the terms and conditions of an insurance policy.

The variables that the firm takes into account while underwriting a policy, such as the applicant's age, gender, health history, and lifestyle, are listed in the underwriting guide for Liberty Bankers Burial Insurance.

This document also describes the different health issues and risk factors that may require someone to pay a higher premium or not be eligible for coverage at all.

There are three parts to the underwriting questions: Part 1, Part 2, and Part 3.

Part 1 Have you ever had a medical professional diagnose you, treat you, test you positively for, or offer you medical advice for any of the following conditions:

1. Congestive heart failure (CHF), cardiomyopathy, memory loss, Alzheimer's, senile dementia, dementia, implantable heart defibrillator, two or more cases of internal cancer(s), or terminal illness (terminal illness is defined as a disease or illness that is expected to cause death within 24 months)?

Amputation due to diabetic complications, multiple sclerosis, muscular dystrophy, mental retardation, amyotrophic lateral sclerosis (ALS) or Lou Gehrig's disease, Down syndrome, cystic fibrosis, or Huntington's disease?

2. Organ transplant (other than corneal), untreated Hepatitis C, kidney failure or dialysis?

3. Diabetes before the age of nine?

4. AIDS, AIDS Related Complex, HIV testing positive, or any other immune system disorder?

Have you undergone treatment, received a positive test result, received medical advice, or received a diagnosis for any of the following during the last two years?

5. Uncontrolled high blood pressure or uncontrolled diabetes?

Have you: in the past year

6. Had a medical professional prescribe bed rest for you at home, in a nursing home, hospice, long-term care facility, or assisted living facility? 7. Had a medical professional advise you to undergo surgery or hospitalization? 8. Had to use oxygen due to a medical condition? The definition of assisted living is: requiring assistance in at least one area of abilities deemed required for daily life and self-care (feeding, dressing, or bathing)

Any affirmative responses in Part 1 will cause a drop.

Part 2

Have you received a diagnosis, treatment, positive test result, or medical advice from a medical professional during the last two years for any of the following conditions?

(a)A heart attack, any kind of heart or circulation surgery, angina, or getting a pacemaker or stent, to name a few.

(b) Paralysis, transient ischemic attack (TIA), or stroke?

(c) Basal cell skin cancer is not included in the definition of "cancer," which also includes melanoma. Have you ever had cancer or been advised to get chemotherapy or radiation treatment for cancer?

(d) Brain tumor, sickle cell disease, or aneurysm?

(e) Diabetes complications such as diabetic shock or nephropathy (kidney), neuropathy (nerve, circulatory), or retinopathy (eye)?

(f) Do you use illegal drugs, have a criminal record, or are you currently on parole?

(g) Due to a chronic sickness or disease, did you utilize a walker, wheelchair, or electric scooter?

***If any of the Part 2 questions are answered YES, the answer will be changed.

Part 3

Have you ever received medical advice or been offered a diagnosis, treatment, test result, or treatment from a medical professional for:

(a) Peripheral vascular disease, peripheral artery disease, chronic bronchitis, emphysema, or chronic obstructive pulmonary disease (COPD)?

(b) Liver disease, kidney disease, cirrhosis of the liver, chronic pancreatitis, chronic hepatitis, or Hepatitis C?

Insulin usage before to the age of 25?

(d) Parkinson's illness, epilepsy, atrial fibrillation, systemic lupus erythematosus (SLE), irregular heartbeat?

You may learn more about several types of insurance options, like as term and permanent coverage, in the underwriting guide for Liberty Bankers Burial Insurance. This is the least expensive class and is just for really healthy, low-risk individuals.

The underwriting guidance should be reviewed by anyone who want to purchase a burial insurance policy from Liberty Bankers. This manual contains information on the insurance and factors that could affect the cost of the policy.

Royal Neighbors of America is an excellent carrier if you want to have a permissive underwriting policy.

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