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Last updated on Jul 28, 2020

Liberty Mutual Life Insurance Review

Liberty Mutual is a financially stable company offering a wide variety of life insurance policies ​
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Liberty Mutual Life Insurance

  • A variety of policy options
  • No medical exam options available
  • Quick decisions offered
  • Good financial strength
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How We Reviewed Liberty Mutual

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12 companies compared

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2 features evaluated

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4 ratings analyzed

Liberty Mutual Life Insurance has been a giant in the insurance world for over 100 years and offers an array of policy options for all ages. It’s highly rated, with an A rating from the AM Best financial review among others. 

Liberty Mutual life insurance is best for those who want to evaluate multiple types of policies at once and are looking for a quick decision.

Liberty Mutual Overview: Financial Strength, Availability, and History

Liberty Mutual, founded in 1912, still provides a multitude of insurance products for its customers 100 years later. According to YouGov, Liberty Mutual is the 12th most popular insurance brand among the many insurance companies, proving it continues to show strength among customers in the insurance world. Liberty Mutual has a long list of positive ratings, ranging from an A+ BBB rating to an A rating from the AM Best financial reviews. Liberty Mutual life insurance products are available across the country, making them a convenient option to consider as you’re shopping for life insurance.

  • In business since: 1912
  • S&P Global financial strength rating: A
  • Moody’s financial strength rating: A2
  • AM Best financial strength rating: A
  • States served (availability): All, including Washington D.C.

Provider best for: Those who want quick underwriting decisions and are evaluating multiple options for life insurance policies.

Pros:Cons:
-Multiple insurance options (term, whole, universal) 
-Quick approval decisions
-Strong financial ratings
-No medical exam required for select policies
-Not the strongest in customer service
-Limited information via website

The Competition

  AM Best Financial Strength Rating J.D. Power 2019 Claims Satisfaction StudyNAIC Customer Complaints
Liberty MutualA5Fewer complaints than average

All information accurate as of 06/17/2020

The Bottom Line

Liberty Mutual is a financially strong, highly rated insurance company offering a variety of options for policies. There is even a term life insurance option available without a medical exam, referred to as the Passport Term plan. For those looking for a speedy decision process, underwriting decisions can be made quickly. Although the website is lacking in substantial information and the customer service phone number requires multiple prompts to speak to someone, it’s still worth strongly considering Liberty Mutual for your life insurance needs.

Liberty Mutual FAQ

About the Authors

Sara Coleman is a personal finance freelance writer based in Charlotte, NC. A Journalism Major who studied at the University of Georgia, she enjoys creating approachable content. She’s written for sites such as WorkingMother, BetterYouMag, and SmartMoneyMamas. She loves spending time with her husband and 3 kids, and has a healthy obsession with coffee.