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Liberty 15 Single Premium Whole Life Insurance May Be Designed Just For You

Lafayette Life’s Liberty 15 Single Premium Whole Life Policy is designed for people who don’t want to pay insurance premiums every year, but still want cash value growth and permanent death benefit protection. You pay one lump-sum premium with no more premiums due, and the death benefit is guaranteed for your lifetime.
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Benefits of Liberty 15 Single Premium Whole Life Insurance

Whole life insurance offers a combination of guaranteed1 death benefit protection, guaranteed cash value accumulation and guaranteed level premiums. Plus, an available tax advantage that may provide a financial resource. Our Liberty 15 Single Premium Whole Life Insurance2 policy comes with many benefits and features:
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Guaranteed Single Premium

Pay for coverage in one lump-sum premium payment. 
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Guaranteed Lifetime Coverage

As long as policy loans do not exceed the total cash value, your coverage cannot be terminated.3
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Tax-Deferred Cash Value Accumulation

Your policy is designed to build cash value each year on a tax-deferred basis. Your cash value can be accessed through policy loans4 and withdrawals to help fund a major purchase, supplement your retirement income or simply provide in times of need.
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Policy Dividends

Your Liberty 15 policy may earn a dividend.5
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Accelerated Death Benefit Plus Rider

Often known as a living benefit, this provides the option of advancing a portion of your life insurance policy’s death benefit to use if the insured has experienced a terminal Illness, a specified medical condition as defined in the rider, or a chronic illness. Automatically added to the policy at no additional premium subject to underwriting approval and state availability.6,7
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Whole Life Insurance Tailored to Fit Your Needs

Your Liberty 15 Whole Life Insurance policy can be tailored to meet your specific financial needs by several supplemental riders that can be added to your policy to help address your individual needs. You could have the option to increase the death benefit and cash value by paying an additional premium or options for the receipt of any dividends declared. Keep in mind that adding a rider to your policy may require additional premium. 
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What You Need to Know About Liberty 15 Single Premium Whole Life Insurance

Explore our product brochure to understand all the features of Liberty 15 Single Premium Whole Life Insurance.

Liberty 15 Single Premium Whole Life Insurance Product Guide (PDF)

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Let’s Team Up for Success

You and Lafayette Life could be a winning combination together. Whether you are ready to become a Financial Representative or would like to learn more about partnering with Lafayette Life, we are eager to hear from you. 

1 Life insurance policy guarantees are subject to the timely payment of premiums. Loans, withdrawals and advances will reduce the death benefit and cash surrender value and may cause the policy to lapse. The lapse or surrender of a policy with an outstanding loan may result in taxable income.
2 Your policy will be issued as a Modified Endowment Contract (MEC). Any withdrawals or surrenders may result in a taxable event. In order to be issued as a non-MEC, the entire single premium must be in the form of a 1035 Exchange and the original policy must not be a MEC. 
Subject to the terms of the policy, including payment of the required premiums, suicide exclusion, contestable provision and loan provision. 
4 Loans will accrue interest. Loans and withdrawals may generate an income tax liability, reduce the Account Value and the Death Benefit, and may cause the policy to lapse. 
Dividends are not guaranteed and may be changed by the company at any time. Payment of Accelerated Death Benefits, if not repaid, will reduce the Death Benefit and affect the other policy values.
Not available in CA. 
Certain medical histories may prevent qualification for the Accelerated Death Benefit PLUS Rider. Insureds who do not qualify for this rider will receive the Accelerated Death Benefit Rider (ICC16 LLR-07 1601). Specified Medical Condition not available in CT. Payment of Accelerated Death Benefits, if not repaid, will reduce the Death Benefit and affect the other policy values.

Life insurance products are issued and guaranteed by the Lafayette Life Insurance Company. Guarantees are based on the claims-paying ability of the company. 

Liberty 15 Whole Life Insurance Policy series ICC14 LL-02 1408, rider series ICC16 LLR-07 1601 and ICC16 LLR-08 1601 are issued by The Lafayette Life Insurance Company. Chronic Illness underwriting guidelines will be used to determine eligibility for our various Accelerated Death Benefit Riders. Product approval and rider features and benefits may vary and may not be available in all states. The Lafayette Life Insurance Company does not provide legal or tax advice. Please contact your tax or legal advisor regarding your situation.

Life insurance is not intended to be used as a savings product, retirement plan, or investment vehicle. Lafayette Life’s role is strictly limited to providing life insurance policies and annuity contracts. Any other services a Lafayette Life independent agent provides to applicants and policyholders, including but not limited to financial planning, estate and retirement planning, tax planning, or investment planning, are not provided on behalf of Lafayette Life.

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