Despite economic pressures, Banner Life is still one of the strongest life insurance companies in the US. They carry an "A+" (superior) rating with AM Best (the industry benchmark for financial strength in the life insurance industry).
Banner Life Insurance Company was formed in 1949 and was acquired by Legal and General group, an international insurance conglomerate in 1981. Legal and General is still the parent company of Banner Life Insurance.
Banner Life is an industry innovator. Back in the early 80's, they were one of the first companies to offer Universal Life. Today, every life insurance company offers universal life.
Our Banner Life Insurance Review
They have excellent term insurance and universal life insurance rates and are very liberal in certain underwriting niches. With their strong financial ratings, liberal underwriting and low rates - there's no reason to look at another company if they are competitive for your situation.
Banner Life Insurance is still one of the industry innovators. They were one of the first to market a universal life with a secondary guarantee, also called No-Lapse Universal Life Insurance. In other words, it's a level premium for the rest of your life. GUARANTEED. This is a VERY hot product among consumers right now,
With Banner, you can convert your term life insurance insurance policy to permanent insurance with no evidence of insurability. This is a very important benefit most never think of - and many companies are weak in this area. Click here for more information on a Banner Life Insurance Conversion. We believe Banner Life Insurance's conversion options are very fair.
Why Choose Us To Represent You With Banner?
Not all Banner Life Insurance agents are equal. It's true we all offer the same published rates, BUT our relationships with their underwriters are far better than any other agency.
Here's a recent example of why these relationships matter:
A 52 year old man with a squeaky clean health history applied with a couple agencies and was going to take the best offer. We had him apply with Banner Life and he was initially offered a "Preferred" rating instead of a more favorable "Preferred Plus" rating because he admitted to experimenting with drugs when he was a teenager. In fact, all the companies he applied with gave him a "Preferred" rating because of that fact. We called Banner Life Insurance's Underwriting Director and pled our case that this was over 30 years ago and shouldn't have an bearing on his life insurance. Well, the director agreed and he was offered a "Preferred Plus" rating and we earned his business.
Having the ability to get Banner Life's Medical Director on the phone makes a hugs difference. Our relationships with everyone at Banner Life is strong because we've worked with them for so many years and we deal with them daily. This is what separates us from other agencies. With these relationships, we can obtain better health classes which in return gives you better rates.
We would appreciate the opportunity to represent you in applying to Banner Life Insurance and can assure you we'll obtain the most favorable rate.
