Liberty Bankers Insurance Group Increases Lump Sum Benefit for Critical Illness Product
DALLAS, Aug. 15, 2022 /PRNewswire/ -- Liberty Bankers Insurance Group (LBIG), a nationally recognized provider of life, health, and financial products, today announced its critical illness product has increased the maximum lump sum benefit from $30,000 to $70,000. This increased benefit is available through the company's independent agent distribution channel in twenty states.
- The critical illness product includes cancer, heart attack, and stroke plans and is offered through Liberty Bankers Life Insurance Company, a member of Liberty Bankers Insurance Group.
- "If a policyholder is diagnosed with cancer, or had a heart attack or stroke, the critical illness benefit is payable to them in a single lump sum," said Dave Peters, senior vice president, supplemental health division at Liberty Bankers Insurance Group.
- In other states where the critical illness product is available, the lump sum benefit will increase to $70,000 in the near future.
- Rated A- Excellent by AM Best, LBIG is comprised of American Monumental Life Insurance Company, American Benefit Life Insurance Company, Capitol Life Insurance Company, and Liberty Bankers Life Insurance Company.