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Freedom Series Builder Annuity

Your future, your choices

  • Freedom Series Builder Modular Annuity

    Imagine you're building a home - an exciting project offering you the freedom to choose only the things you want for your home, making it perfect for you. You'll make your choices based on your needs and budget, and when the construction is finished, you'll have a house that was built just for you.

    Liberty Life's Freedom Series Builder Annuity,1 a single premium deferred annuity, works much the same way. It offers you transparency and choice, allowing you to build the coverage that's right for you.

    Unlike typical annuities that come prepackaged with options you may not need, the Builder Annuity lets you choose the features that are important to you. This means you only pay for the features that you want - nothing more.

    How does it work?

    Just like a house, you start with a foundation. The foundation of your Builder Annuity is your one-time premium payment, which will earn tax-deferred interest at an annual interest rate. Once the foundation is laid, you can add modular features to your annuity. Purchasing one or more of the modules will lower your interest rate while building the coverage that's right for you.

    Modules
    Extra access2

    This module has two features:

    • Return of premium guarantee - Upon surrender you are guaranteed to receive no less than the premium paid less prior withdrawals.
    • Penalty-free withdrawals - After the first year, you can withdraw 10% of your beginning-of-year account value per year. A withdrawal of 5% is allowable without selecting this module.
    Extra care and protection3

    This module allows for withdrawals or surrenders without withdrawal charges in the event of certain serious health conditions:

    • You or your spouse becomes ill and requires a qualifying medical stay for 45 days out of any continuous 60-day period
    • You or your spouse is diagnosed as terminally ill
    • You or your spouse becomes unable to perform two of the six activities of daily living
    Extra assurance This module allows you to withdraw any or all of your account value if the declared interest rate on the annuity, before any rider charges are applied, drops below the minimum threshold determined at time of contract issue. Additionally, you will not incur withdrawal charges if you decide to withdraw your account value any time up to 60 days after the rate returns above the minimum threshold.


    Contact a Local Agent


    Life insurance and annuities issued by:
    Liberty Life Assurance Company of Boston, a Liberty Mutual company
    Home office: Boston, Mass. Service center: Dover, N.H.

    1Liberty Life Assurance Company of Boston, a Liberty Mutual company, issues Freedom Series Builder Annuity on policy forms SPDA-2010023, ICC10-SPDA-2010023 as applicable (SPDA-2010023 NY in New York) and state variations identified by state code. Product availability may vary by state. Features and benefits may vary based on state approval.

    2May vary by state. After the first year, up to 5% (10% if module is selected) of the beginning of the year value may be withdrawn without withdrawal charges. Withdrawals taken before age 59½ may be subject to a 10% federal tax penalty as well as tax on any gain in the contract. Clients should consult a tax advisor.

    3Does not apply to pre-existing conditions. May not be available in all states.