A review of First Liberty Insurance Corporation Health Insurance Company leads to Liberty Mutual, of which First Liberty Insurance Corporation Health Insurance Company is a subsidiary. Today, Liberty Mutual sells Mutual Funds, Life Insurance, Annuities, Education Funds, Retirement Packages, and more. They do not sell individual or corporate health insurance policies.
When Liberty Mutual was founded, the founders had the idea that the company should remain with a small town feel while connecting to big city finances. To help this philosophy take off, they vowed to remain a face-to-face company no matter what technological advances and other developments came along.
Liberty Mutual History
Liberty Mutual has regional offices located in:
- North Carolina
- New Jersey
- New York
They have offices across the United States because they are doing their best to provide face-to-face options for their clients. They understand that investing money is important and individuals do not always want to send their money to a company without having ever met with a representative face-to-face.
This philosophy of service and running a business has paid off. By the year 2000, Liberty Mutual had over $5 billion in assets. Since then, the financial outlook of the company has continued to grow every year. They have consistently received an A- rating from independent rating company A.M. Best.
Liberty Mutual Products
A mutual fund is an investment tool used by almost all investment companies. It is a fund that takes the investment funds of several individuals and invests them in stocks and other investments to make a profit. Liberty Mutual clients can choose aggressive investments that have high returns but are high risk, moderate investments that have moderate returns and moderate risks or low return, low risk investments.
Life insurance products from Liberty Mutual are investment based. This means that the money that is paid in premiums by the policyholder is invested to make a profit. This is beneficial for both the company and the clients. Agents help clients customize a life insurance plan that is right for their budget and that matches the family needs of those who will be left behind.
Liberty Mutual Education Funds are the newest type of investment offered by the company. Education funds allow parents to start saving for their children’s college education starting at birth. College tuition rates are constantly rising. Last year rates were up almost 5% from the year before. At this rate, those currently in Kindergarten could be facing double the tuition rates as graduating high school seniors are now paying.
Retirement funds at Liberty Mutual are varied and available for individuals or employers. Clients can choose from short-term or long-term plans as well as aggressive or moderate levels. Even if you are 60 years old, Liberty Mutual has a plan that will work for you, however, the sooner you start, the more comfortably you will be able to retire.
Liberty Mutual Careers
Careers at Liberty Mutual are available at both the regional and national level. The majority of new hires that they do are in the agent department. Agents and representatives are hired to meet with clients face to face and sell Liberty Mutual products. There is some traveling involved for all agent positions but the possibility for promotion to supervisor and beyond is high.
The priority for any new hires is training. Every new employee is assigned a supervisor who personally does training and accompanies the new employee as they learn to meet with clients and talk about the products. Since meetings can be in client’s homes or at their place of business, having a supervisor on hand is helpful since questions cannot always be answered right away.
Liberty Mutual offers a wide variety of benefits for full and part time employees. They also provide incentives for those who want to earn commission by working hard. Top performers in the company receive bonuses. They also send top employees to conventions throughout the year for additional training and to receive additional rewards.