Maximize an estate. Minimize the wait. Eliminate the hassle.

Liberty Life Assurance Company of Boston

Estate Maximizer II

Maximizean estate.

Minimizethe wait.

Eliminatethe hassle.

Insurance Product: Not A Deposit – Not FDIC Insured – Not Insured By Any Federal Government Agency or NCUA/NCUSIF – Not Guaranteed By Any Bank Or Credit Union – May Go Down In Value

Liberty Life Assurance Company of Boston, a member of the Liberty Mutual Group, issues Liberty Life’s Estate Maximizer II, a single payment interest-sensitive whole life insurance contract, on policy forms SPWL 200314 and GSPWL 200314 CE (SPWL 200314 NY in New York). Product features and availability may vary based on state approval. Liberty Life’s obligations under its life insurance contracts are guaranteed by Liberty Mutual Insurance Company.

Liberty Life’s Assurance Company of Boston Home Office: Boston, MA Service Center: Dover, NH

Not for use with the public. BNK 2005074

Not for use with the public

Liberty Life’s Liberty Life’s Estate Maximizer IIEstate Maximizer II

A Single Payment Interest-Sensitive Whole Life Insurance Contract

Issued by:

Liberty Life Assurance Company of Boston,

a member of the Liberty Mutual Group

Home Office: Boston, MA

Service Center: Dover, NH



Target MarketsTarget Markets• Someone between the ages of 45-85 who is looking for

safety, guarantees, and an attractive rate of return.

• Someone who is planning on leaving money to his/her loved ones

• Potential annuity contract holders

• Customers who keep renewing their CDs

• Customers who have “in trust for,” “pass on death,” custodial or beneficiary named on their account

• Widows or widowers who may have received a death benefit at spouse’s death

• Grandparents who wish to pass on money to their grandchildren



Product BenefitsProduct BenefitsFor your clients:

• Safety

• Attractive returns

• Access to contract values “Just in case….”

• Tax-deferral on accumulation

• Bypasses probate – with named beneficiary

• Life Insurance death benefit – more to heirs

For you:

• Approvals in just 10 minutes1

• Knowledgeable back office support

1. Some restrictions apply



Maximum BenefitsMaximum Benefits

Taxable

Tax-Deferred

Income

Tax-Free

Safety Fixed Interest Rate Access to Money*

Tax-Deferral Avoid Probate

Income Tax-Free to Heirs Immediate Increase in Death

Benefit to Heirs

* Withdrawals or loans of interest earnings from single payment whole life insurance may be subject to tax penalties. This tax penalty is not applicable if the policyholder is at least 59½ years old. For tax purposes, loans and withdrawals will first come from accrued interest earnings and are subject to income tax when received.



SafetySafety

• 100% Principal Guarantee1

• One year interest rate lock

• Initial death benefit guarantee1

• 30 day free look

• Backed by the full strength of Liberty Mutual

1. Unless withdrawals or loans have been taken. Withdrawals or loans of interest earnings from single payment whole life insurance may be subject to tax penalties. This tax penalty is not applicable if the policyholder is at least 59½ years old. For tax purposes, loans and withdrawals will first come from accrued interest earnings and are subject to income tax when received.



Attractive ReturnsAttractive Returns

• Premium earns interest immediately

• Renewal rate declared on each anniversary and locked for the next contract year

• Accumulations grow tax-deferred



Access to Access to Contract ValuesContract Values

• We will waive the withdrawal charge on that portion of a withdrawal1 not exceeding the greater of:

– 10% of the Account Value; or– The earnings of the contract since its inception

• Low cost loans1

– Interest 4% charged; 4% credited– Principal 6% charged; 4% credited

• Extended Care Benefit2

– Qualifying medical stays• 45 days out of any continuous 60 day period

– Insured or insured’s spouse– Withdrawal charges waived

• Annuitization1

1. Unless withdrawals or loans have been taken. Withdrawals or loans of interest earnings from single payment whole life insurance may be subject to tax penalties. This tax penalty is not applicable if the policyholder is at least 59½ years old. For tax purposes, loans and withdrawals will first come from accrued interest earnings and are subject to income tax when received.

2. Product features and availability may vary by state.



Life Insurance Life Insurance Death BenefitDeath Benefit

• Increases estate value immediately—pass more money to heirs

• Pass money to heirs income tax-free under current tax law

• Estate tax-free if set up correctly – please consult with a tax advisor.



Liberty’s Living BenefitLiberty’s Living Benefit11

• Up to 90% of death benefit (max $250,000)

• Insured is diagnosed with a terminal illness or is chronically ill2

• Applies to insured only

1. Product features and availability may vary by state.

2. Chronically ill: Unable to perform at least 2 of 6 activities of daily living. Not available in all states.



Instant ApprovalInstant Approval

Eligibility:

• Stay within minimum and maximum premium limits

• Must have all “NO” answers to all parts of Question 9

• MIB inquiry does not prompt further investigation



Minimum Premium = $10,000

Maximum Premium = Age Max1

45-59 $60,000

60-64 $120,000

65-80

81-852

$150,000

$25,000

1 Larger amounts available with normal underwriting

2 Compensation is reduced




“NO” answers to Question 9:

9. Has the insured been:

A. Hospitalized or surgically treated within the last five years for heart disease or heart failure?

Yes No

B. Treated within the last 5 years for cancer? Yes No

C. Diagnosed with or treated within the last 10 years by a member of the medical profession for: heart attack, stroke, mini-stroke, vascular and circulatory disease, Alzheimer’s disease, dementia, or abnormal chest X ray?

Yes No

D. Diagnosed with or treated within the last 2 years for a hip fracture?

Yes No

E. Declined, refused or turned down for life insurance?

Yes No




Normal underwriting applies if:

• Premium exceeds Instant Approval limits

• Any “YES” to Question 9

• MIB inquiry prompts further investigation




It’s As Easy As 1-2-3It’s As Easy As 1-2-3

1) Complete the Application for Life Insurance and the Signature Page. Be sure to write in your Bank name, telephone number and fax number

2) Fax the white copies in the following order to 1-800-400-6694

(It is not necessary to attach a cover sheet or call ahead)

– A) Application for Life Insurance

– B) Signature Page

3) A Liberty representative will call you within 10 minutes to let you know if the policy can be “Instant Approved.” However, if you do not hear from us after 15 minutes, please call our Service Team at 1-800-897-9883



Things to KnowThings to Know

• Issue ages 0-85 (age last birthday)• Issue Classes: Standard and Class A• Modified Endowment Contract (MEC) – taxes and penalties

may apply for loans or withdrawals before 59½.• 7 year surrender charge period

Ages Year 1 2 3 4 5 6 7

0-80 (% of Single Premium)

7% 7% 6% 5% 4% 3% 2%

81-85 (% of Single Premium)

5% 5% 4% 4% 3% 3% 2%



The Choice is YoursThe Choice is Yours((Illustrative Results After One YearIllustrative Results After One Year))

Assumes $30,000 principal, 2.0% net interest, 33% tax bracketAssumes $30,000 principal, 2.0% net interest, 33% tax bracket

Taxable

Tax-Deferred

Income Tax-Free1

Principal $30,000 $30,000 $30,000

Value After One Year $30,600 $30,600 $30,600

Current Taxes $198 $0 $0

After Tax Value $30,402 $30,600 $30,600

Deferred Taxes to Heirs $0 $198 $0

After Tax Value to Heirs $30,402 $30,402 $30,600

Total Benefits to Heirs $30,402 $30,402 $57,9212

Additional Benefits to Heirs $0 $0 $27,321

1. With the Estate Maximizer II, the account value grows tax-deferred. Death benefit passes income tax-free

2. Initial death benefit for a female age 65

Rates shown are for illustrative purposed only and are not guarantees or estimates of future rates that could be payable.



About LibertyAbout LibertyLiberty Mutual Group• Founded in 1912• Consistently ranked in the top 150 among Fortune

500 companies• A leading writer of workers’ compensation insurance1

• 8th largest person lines insurer1

Liberty Life• Protecting families since 1964• $49 billion insurance in-force• A leading provider of non-credit life insurance in

banks

1. Liberty Mutual Group Annual Report, 2003



Contact InformationContact Information Application Fax Number: (800) 400-6694

Point Of Sale/Post Sales Questions: (800) 326-5433

Pete-x148, Dean-x143, Eric-x126

Marketing Hotline, Quotes, Supplies: (800) 326-5433

Pete-x148, Dean-x143, Eric-x126

Maximize an estate. Minimize the wait. Eliminate the hassle.

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