Windi Moseley Gates
Branch Manager
Liberty National Life Insurance Company
607 Corinne St. Suite A1
Hattiesburg, MS 39401
Date
North Mississippi Regional Center
Frank Dodds
967 Regional Center Drive
Oxford, MS 38655
Dear Frank,
To help you make an informed decision about our Company and what insurance coverage we provide, let us tell you about ourselves. Liberty National Life Insurance Company, originally based in Birmingham, Alabama, traces its origin back to 1900, when its predecessor was founded as the Heralds of Liberty, a fraternal organization. In 1929, Liberty National was incorporated as a stock company. Today Liberty National is a wholly owned subsidiary of Torchmark Corporation (NYSE: TMK) and headquartered in McKinney, Texas.
Liberty National offers a Section 125 Premium Only Cafeteria Plan built around Internal Revenue Code Section 125 created in 1978 to provide tax savings to employers and employees. Since this is a premium only plan the employer pays no part of the employee’s premium and in fact saves tax dollars with the Section 125 plan. The plan comes with a documentation booklet that has all the information and forms for compliance with the federal government. There is no fee for this service. We are required, by law, to meet with every employee. This can be done at the convenience of each department. You can start saving tax dollars as soon as deductions begin. Our products will then add to the total savings for your facility.
Liberty National has been meeting the needs of working Americans and their families for over 40 years.
The supplemental products we would like to offer to your employees include Cancer Care Plus, Critical Illness Hospital Indemnity and Group term Life.
All of our health products are supplemental. Payments go directly to the insured, unless they request otherwise, so the funds can be used as they wish. All of our health products are also portable so that if the employee leaves your employ they may take their insurance with them and pay the premiums through bank draft at the same rate.
Group term life insurance offered by Liberty National is pure insurance protection for your employees and their families. The employer pays no part of the employee’s premium and in fact saves money with a section 125 plan. They have guaranteed rates locked in at their present age with no increase in premium and no decrease in coverage as long as the premiums are paid. The coverage can continue after they leave employment and remain in effect till age 100.
Liberty National Life has a rating of A+ (Superior) by financial strength from A.M. Best Company (as of 6/09). According to A.M. Best the rating reflects the company’s strong earnings, favorable capitalization, and high credit quality bond portfolio. Additionally Liberty National Life is rated AA- (Very Strong) from Standard & Poor’s (as of 6/09); A1 Insurer’s Financial Strength rating from Moody (as of 4/09); and A+ “Strong” Insurer’s Financial Strength from Fitch (as of 6/09).
We appreciate your consideration in this matter and look forward to answering your questions about our portfolio. Thank you for the opportunity to show you how we can be your cost-effective solution to your employee’s insurance needs.
Sincerely,
Windi Moseley Gates
Branch Manager
Liberty National Life Insurance Company
Enclosures