​​Business Submission – Rate Increase

The rules for determining which rates will be applied:

Standard Funding - Upon receipt of standard funding, Liberty Life will credit the current rate at the time the application with money has been received at the home office.

1035 Exchanges & Qualified Transfers - Premium for 1035 exchanges/qualified transfers will receive the highest rate in effect at the time the good order application is received in the Home Office or on the date the premium is received. ​​

 

​Business Submission – Rate Decrease

The rules for determining which rates will be applied:

Standard Funding - If forms and funds are received within 10 business days Liberty will credit the rate that was in effect when the application was signed. If forms and funds are received after 10 business days Liberty Life will credit the current rate when the funds are received in the home office.

1035 Exchanges & Qualified Transfers - Premium for 1035 exchanges/qualified transfers must be received within 60 calendar days of Liberty Life receiving a good order application to hold the higher rate​. ​​