Liberty Mutual Group

Liberty Mutual Group sells life insurance policies to individuals throughout the United States through its member company, Liberty Life Assurance Company of Boston, also known as Liberty Life. Liberty Life is one of few insurance companies that sells life insurance through its numerous member banks, making it convenient for consumers to secure a life insurance policy. Liberty Life offers three primary types of life insurance products:

• Term Insurance;
• Permanent Life Insurance; and
• Variable Life Insurance.

Liberty Life's term insurance products provide financial protection for a specific period of time or 'term'. Term insurance is a prudent choice when you want protection at relatively low initial cost. Liberty Life offers two kinds of term life insurance - one in which the premiums are guaranteed to remain level during the term, and a second in which the premiums are also guaranteed, but are higher because the insured can get 100 percent of the paid premiums back at the end of the term.

Liberty Life also offers permanent life insurance which lasts your entire life and increases in cash value over time and variable life insurance which is a smart choice when you want lifetime coverage with an account which offers investment options. This is 'variable' life insurance because your life insurance account has a variable cash value depending on the performance of your account's investments.

How to Contact Liberty Life

Liberty Life's History

Liberty Mutual Group began in 1912 with the intent to provide insurance to Americans nationwide. Headquartered in Boston, Massachusetts, Liberty Mutual Group is now one of the largest insurance companies in the world. In 2007, it was ranked 95 on Fortune's list of the largest 100 companies in the United States.

Liberty Life became a member company of Liberty Mutual Group in 1964. At that time, Liberty Life's mission was to sell life insurance to individuals nationwide, through a large and established network of banks and sales agents. In 1995, Liberty Life launched its innovative Liberty Life Estate Maximizer life insurance product which enables individuals to walk into a participating bank, make a single policy payment and walk out with a comprehensive life insurance policy. They call it the '10 minute' life insurance policy.

Liberty Life's Rankings

As of 2007, Liberty Life was ranked as follows:

• A.M. Best = A/Excellent
• Standard & Poor's = A/Strong

In addition, Liberty Life is accredited by the Insurance Marketplace Standards Association (IMSA). IMSA identifies those insurance companies that maintain the highest ethical and operating standards in the industry. Liberty Life is also rated highly in how it invests its life insurance accounts, allocating more than 88% of its investments in bonds, specifically guaranteed government bonds.