Life Insurance

Liberty Mutual Life Insurance Review

By Peter Mondrose Peter Mondrose is the Head of Insurance Content at Bankovia. He received his degree in Economics in 1998 and a second degree in Journalism in 2004 from the University of Chicago. Most recently he served as Head of Content at QuoteYeti.com, and editor at BusinessPundit.com 4 minute read

You will be better equipped to make an informed choice after reading our Liberty Mutual Life Insurance Review. You may be required to pay a different premium depending on your age, gender, health, and the quantity of insurance coverage you pick from Liberty Mutual Life Insurance. A 30-year-old male who does not smoke and has a $250,000 insurance policy with a 15-year term would pay an estimated monthly premium of $36.09 to cover the cost of coverage.

How to get a quote from Liberty Mutual life insurance

Obtaining a quotation is as straightforward as following the steps indicated below:

Liberty Mutual Life Insurance Review - Liberty Insurance Company Logo
  1. Select Life Insurance from the Shop Insurance drop-down option on the Liberty Mutual website.
  2. To acquire a pricing estimate, enter your ZIP code in the box below and click the Get a quotation button.
  3. To submit an application, you must complete the tobacco usage and gender information sections.
  4. After reading and accepting the privacy statement, click the Get Quote button to obtain a quote for your project.
  5. You’ll be able to select from a choice of policies, which the system will tailor to your specific needs. You will be sent to the next step if you opt to forward to an agent.

To begin the process of getting an insurance policy, you must first provide Liberty Mutual with your phone number and schedule a phone call with them. A salesman will contact you to complete the transaction.

What types of life insurance coverage does Liberty Mutual offer?

Liberty Mutual’s ideology is essentially guided by two concepts:

  • Term Life. As a general rule, this is the least expensive sort of insurance and comes in terms of 10, 15, 20, or 30 years. You may convert your term insurance policy to a permanent one at any moment before it expires. This enables policyholders to choose from a variety of additional riders.
  • The passport’s validity period. If a consumer fulfills the insurance criteria, their coverage will be issued within ten minutes. A Liberty Mutual policy may have a face value of up to $250,000 and may be transferred to a different term during the policy’s last five years.
  • The totality of life. This insurance, which has a monetary value, will provide you with financial safety for the remainder of your years. All long-term insurance policies include some risk, but this one carries the least.

What riders can I add to my policy?

Depending on your policy, you may be able to personalize your coverage by adding one or more of the following to your insurance:

  • Riders gain from the greater mortality risk. If you are diagnosed with a terminal illness, you may be eligible to receive up to 90% of the value of your insurance, depending on your condition.
  • Accidental death insurance is a supplemental policy. If you are killed in an accident, you will get a supplemental death benefit in accordance with your policy’s terms.
  • Riders under the age of eighteen are not permitted. A kid or a group of children can receive a term life insurance policy in the amount of $10,000 to $25,000.
  • In the event of an accident, you may be assured that the Rider will protect you. This option enables you to increase your death benefit without having to submit to underwriting.
  • Rider for the payer’s benefit. Insurers are protected in the event that premiums are paid by someone other than the insured.
  • At the moment, riders are not required to pay any premiums. If you become permanently handicapped and are unable to work for a period of six months, your premiums will be suspended.

Liberty Mutual life insurance reviews and complaints

Liberty Mutual receives a one-star rating from customers, despite the company’s A+ rating from the Better Business Bureau (BBB). The insurance firm reacted promptly to all of their concerns, despite the fact that some of them appeared to be case-specific and linked to wrongly handled claims. AM Best gave them an ideal score.

Liberty Mutual’s car insurance segment had the most client complaints, according to TrustPilot as of October 2020, earning the firm a TrustPilot rating of 1.9 stars.

About Liberty Mutual

Liberty Mutual Insurance Company was created in 1912 in Massachusetts and swiftly expanded into a variety of insurance lines, including workers’ compensation. AIG, a Fortune 500 firm, has expanded its property and casualty insurance coverage to more than 30 nations, making it the country’s third largest insurer. Additionally, this insurance firm offers a broad range of financial services to its consumers.

How does Liberty Mutual protect my data?

While data is being sent from your computer to Liberty Mutual’s computers, it is encrypted to safeguard it from prying eyes of hackers. Once on Liberty Mutual’s servers, your data is protected by a firewall to prevent unwanted access. No one will have access to your information or materials except those who can demonstrate a “legitimate and established need” for your product or service.

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