Banner Life Insurance Quote

Banner Life Insurance Quote2018-11-17T12:06:15+00:00

Great Life Insurance Coverage Begins with a Banner Life Insurance Quote

Banner Life Insurance Quote

Banner Life Insurance Company has been providing their customers with top notch service and excellent life insurance rates since 1949. With an A.M. Best rating of A+ superior, it’s no wonder Banner Life Insurance Company is a top choice when it comes to securing life insurance coverage.

Banner Life Insurance Company offers both traditional term and guaranteed universal life insurance options with some very attractive policy features. When comparing life insurance rates, don’t be surprised when you see Banner Life Insurance at the top for the best rates.

If you are looking for Banner Life Insurance quote you have come to the right place.

FINANCIAL STRENGTH: A.M. Best (A+) Excellent Rating

 

BANNER LIFE INSURANCE OPTIONS

Instantly compare Banner life insurance rates with our online quote form!

 

OPTerm (Term Life Insurance) 

OPTerm is the name for Banner Life Insurance Company term life insurance coverage. OPTerm is your traditional guaranteed term life insurance coverage with very affordable rates. One feature that we really like with OPTerm is the free accelerated death benefit rider.

The accelerated death benefit rider provides the insured with a portion of the policy’s death benefit should you become terminally ill. Banner Life Insurance Company has made our TOP 8 BEST TERM LIFE INSURANCE COMPANIES list when in it comes to companies that offer great term life insurance.

POLICY FEATURES:

  • Guaranteed Level Death Benefit Term Life Insurance
  • Guaranteed Level Premium Term Lengths of 10, 15, 20, & 30 Years
  • Issue ages up to 80
  • Minimum Face Amount $100,000
  • Maximum Face Amount $10,000,000+

TERM RIDER – This unique policy rider provides temporary life insurance coverage that end in increments of 10, 15 and 20 years. In other words, this rider works like a decreasing death benefit. The Term Rider must be shorter than the base policy term length.

EXAMPLE:  You purchase a 30 year OPTerm life insurance policy with a death benefit of $500,000 and decide add Term Rider to the policy. After the 10th policy anniversary year the Term Rider decreases the policy’s death benefit to $250,000 as well as the premium.  After another 10 years the death benefit will automatically lower to $100,000 for the remaining 10 years also resulting in a lower fixed premium until the end of the contract…decreasing term insurance.

GUARANTEED CONVERSION FEATURE – Allows you to convert your term coverage to fixed premium guaranteed universal life insurance policy without the proof of insurability. In order to be eligible to convert, you must do so prior to age 70. If you have purchased a policy at age 66 or older, you must convert within the first 5 policy years.

OPTERM AVAILABLE POLICY RIDERS:

ACCELERATED DEATH BENEFIT RIDER – This rider provides funds from the policy’s death benefit if the insured is diagnosed with a terminal illness that will result in death in less than 24 months (12 in some states). This rider is available at no charge.

WAIVER OF PREMIUM RIDER – This rider waives premium payments if the insured becomes totally disabled for at least 6 consecutive months.  Proof of total disability is required.

 

Life Value Term 20 & 30 Year (Term Life Insurance)

Life Value Term is a unique option for 20 & 30 year term life insurance coverage at lower prices than traditional OPTerm.  What makes this coverage different from OPTerm is that Life Value has an increasing annual premium whereas OPTerm is level for a fixed duration.

Premiums start lower than traditional term coverage but increase overtime. This coverage is a great option for younger families when insurance needs are greater in the earlier years, but money is tight. Life Value Term 20 & 30 allows you purchase the coverage you need without having to settle for less due to cost.

POLICY FEATURES:

  • Guaranteed Level Death Benefit Term Life Insurance
  • Annually Increasing Premium Term Lengths of 20 & 30 Years
  • Issue age up to 70 “Life Value Term 20
  • Issue age up to 60 “Life Value Term 30
  • Minimum Face Amount $250,000
  • Maximum Face Amount $10,000,000+

LIFE VALUE TERM 20 & 30 AVAILABLE POLICY RIDERS:

ACCELERATED DEATH BENEFIT RIDER – This rider provides funds from the policy’s death benefit if the insured is diagnosed with a terminal illness that will result in death in less than 24 months (12 in some states). This rider is available at no charge.

WAIVER OF PREMIUM RIDER – This rider waives premium payments if the insured becomes totally disabled for at least 6 consecutive months.  Proof of total disability is required.

 

Life Step UL Guaranteed Universal Life (Permanent)

Life Step UL is guaranteed fixed premium permanent universal life insurance coverage. If you are looking for nothing more than a permanent fixed premium life insurance policy, then you found it with Life Step UL. Life Step UL doesn’t have any unique or fancy features, it’s just simple affordable fixed premium permanent life insurance coverage.

POLICY FEATURES:

  • Guaranteed Level Death Benefit to age 121 
  • Guaranteed Fixed Premium
  • Guaranteed No Lapse Coverage
  • Flexible Premium
  • High Issue ages (Up to age 85)
  • Minimum Guaranteed Interest Rate of 3 Percent
  • Minimum Face Amount $100,000
  • Maximum Face Amount $10,000,000+

LIFE STEP UL AVAILABLE POLICY RIDERS:

ACCELERATED DEATH BENEFIT RIDER – This rider provides funds from the policy’s death benefit if the insured is diagnosed with a terminal illness that will result in death in less than 24 months (12 in some states). This rider is available at no charge.

 

Banner Life Insurance Company Special Features

MEDIGUIDE – When you purchase a Banner Life Insurance policy it comes with a free service called Mediguide. If during your coverage period you become diagnosed with a life threatening illness, Mediguide services will help identify the top three leading medical centers that specialize in your particular illness for a second opinion.

Once the top three medical centers have been identified you and your local physician will choose the one you wish to work with. Mediguide along with you local physician will send all relevant medical records to the medical center to have your diagnosis reviewed for a second opinion.

Within 10 business days both you and your physical will receive an independent written review of your diagnosis and recommended treatment plan. This service is currently only offered by Banner Life Insurance Company.

UNDERWRITING – You may qualify for a possible Preferred risk class with Banner Life Insurance if you have been diagnosed with the following conditions: anxiety, depression, mood disorder, asthma, carotid doppler findings, colon adenoma, mitral valve prolapsed, CDT positive, osteoporosis, skin cancers, alcohol / single drug abuse treatment, epilepsy, nevi and valvular disease.

Interested in receiving a Banner Life Insurance Quote? Call us today at (888) 777-7574 or simply use the “Instant Life Insurance” quote form located to the right of your screen.

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Banner Life Insurance Quote by Jeffrey Manola Top Quote Life Insurance