Banner Life Insurance Reviews and quotes

Nicole,                                                  Here are The Life Insurance  Quotes You Requested. Apply in Minutes

* These quotes are based on applicant taking a medical exam.

Banner Life Insurance Reviews

Rates from Top Carriers You Know & Trust

Banner Life Insurance Reviews
Banner Life Insurance Reviews
Banner Life Insurance Reviews
Banner Life Insurance Reviews

Nobody likes to pay more than they have to, that's why it's important that you get the guidance of an expert with 50+  "A" rated carriers to choose from.

In addition to the benefits of competition, an independent broker like the Life Insurance Help Desk, has the  ability to  to send your policy to the carrier most likely to view your situation in the best light. Best yet, you can compare accurate life insurance rates in just seconds! 

If your health is less than perfect, the carrier you choose will have as much influence on your final offer as the listed rates. The life insurance companies all have different appetites for specific health risks. Therefore it's important to choose the  company that is right for you. We will be happy to assist you in finding the best offer!

Banner Life Insurance Reviews
Banner Life Insurance Reviews
Banner Life Insurance Reviews
Banner Life Insurance reviews

Does Banner Life Insurance Have The Best rates?

Often times, but certainly not always, Banner Life insurance has the most competitive price in the marketplace. Life insurance pricing does not change for the specific health class without approval from the Department of Insurance. However, carriers like Banner, can and do "change" pricing simply by adjusting their risk appetite.

For example if Banner decides that it is interested in taking less risk in the type II diabetes area, it can simply tighten the underwriting standards for diabetes. This is way of controlling pricing without having to ask the regulators approval to adjust pricing. These adjustments are made periodically by all carriers in accordance with their business interests.

Luckily for many of us, underwriting standards have gotten looser over the last 10 years and as a result more applicants are approved at good rates. Speaking of good rates Banner is often the price leader both for healthy applicant and for people with significant health challenges. 

How The Banner Life Insurance Process works From Start to Finish

Banner life insurance rates

Choose Terms

Get Pricing

Choose Quote​

Submit Application

Take Exam

Await Underwriting

Receive Offer

Policy Delivery

Does Banner Life Insurance Approve Existing Health Conditions? 

banner Life Insurance Company will entertain applications from people with all sorts of health impairments. Approval, and the health class approved at, will be determined by your complete health and lifestyle profile. Underwriting investigate any prescriptions you have been written, medical records for your physician as well as the paramedical exam, your motor vehicle records and financial condition.

Conditions we help insure

Heart Conditions

Mental Health

Dangerous Activities


Marijuana Use

Tobacco Use

DUI ​/ Poor Driving






what products Does Banner Life Insurance Offer?

OP Term®

Banner Life Insurance Company has an excellent line up of products focusing on its' flagship OPTerm product. Banners term policies are offered in 10, 15, 20,25, 30,35 & 40 year terms. Coverage can be renewed annually to age 95 upon the end of the original term.

The premiums stay level for the duration of the period in which you choose and increase annually thereafter. Banner is offered in all U.S. states (William Penn in N.Y.) Rating classes available are Preferred Plus, Preferred,Standard Plus, Standard, Preferred Smoker, Standard Smoker and Substandard ratings to Table 12/L.

There are a limited number of available policy riders on the OPTerm products. These include Waiver of Premium, Accelerated Death Benefit, and  Childrens Rider. Additionally there is a privilege to convert to permanent coverage without proof of insurability. 


Banners limited foray into the No Exam world of life insurance underwriting. Appcelerate is available to applicants of OPTerm® who are rated standard plus or bette, ages 20-50, and seeking no more than $500K in coverage.  

If you apply for this program and don't qualify , you can go through the normal fully underwritten channel.  the advantage of No Exam, other than the obvious, is speed. APPcelerate policies are underwritten in days instead of weeks. The best part if you qualify is that the pricing is the same as if you did the exam.

Remember that these policies are still underwritten, using public information. If the information is out there, Banner will find it. 

Life Step UL®

One of the leaders in Guaranteed Universal Life, Banner offers  Life Step UL®, a permanent life insurance policy which is considerable more affordable than many competing permanent policy offerings. Policy attributes include:

  • Builds Cash Value. There is a  guarantee from Banner to provide both coverage and cash value.
  • Lifetime Guarantee. The Life Step UL® is an alternative to term that can be designed to last a lifetime.

These features allow you to rest easy knowing your coverage concerns are taken care of up to the age chose of for life. All you have to do is make sure the premium gets paid and the policy will never lapse. Additionally, you "short pay" the policy if you choose , so that the policy is "paid up" and no longer a concern.

Beware**** Policy loans may void Guarantees if the loan exceeds the policy value.****Beware

what are Banner Life Insurance Financial ratings?

Banner Life Insurance Company is a subsidiary of British based multinational Legal & General. The financial strength ratings from the major ratings agencies A.M. Best, Fitch Ratings, and Standard & Poor's are all in the excellent range (see below).

Banner financial ratings


Banner financial ratings


Banner financial ratings


Legal & General is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.  With 1.3 million U.S. customers, $734 Billion  of in force coverage, over $5 Billion in assets, Legal & General is a major force in the life insurance market. Banner is sold in 49 states and is sold under subsidiary William Penn in the state of New York. 

How Does Banner Life Compare to Other Carriers?

For some things like customer service or product offerings, it's not too difficult to make comparisons. However, in many cases, the answer is that it truly depends on the individual application. While this is not the narrow answer that you may be looking for, it is the reality. 

Because different carriers have different appetites for the risks that they want to cover, and these appetites are expressed by the health rating they assign you,  it will depend on your health and any specific health condition you face. For these reasons, this site has compared both pricing and condition specific underwriting for banner and several other top carriers.

Click Carrier to Compare with Banner Life Insurance

Banner Life Insurance Reviews
Banner Life Insurance Reviews
Banner Life Insurance Reviews
Banner Life Insurance Reviews
Banner Life Insurance reviews
Banner Life Insurance Reviews
Banner Life Insurance Reviews
Banner Life Insurance Reviews

How Do I apply for a Banner Life Insurance Policy?

The application process can be both complicated and easy. The most difficult part is deciding terms and budget as discussed above. If you have already decided on the mount of insurance you would like to apply for and the length of term, then the actual application is easy.

You simply use the quote tool and you will be contacted shortly thereafter and the application information is gathered over the telephone and you are sent a secure link for a digital signature.

 The application is submitted electronically and you are contacted by the exam company for a paramedical exam (unless you have opted for a no exam policy). You will be updated throughout the underwriting process and notified once a decision on your application has been made.

Why Should I use an independent Agent to Apply?

Now that you know that carriers will determine their offer not only on your condition but on their willingness to cover that condition, I hope you are seeing the value in an experienced independent life insurance agency.   

You may, however, be weighing that benefit against the perceived savings of "going direct" to a carrier and saving the commission that would be paid to the agent. It makes logical sense, and insurance company advertising misleadingly hint at this, but insurance law isn't always logical.  The fact is that the rate is exactly the same with or without an independent agent. 

You read that correctly. Life insurance rates are approved at the state level by the Department of Insurance and rates are the same whether sold direct or through an agent. The carrier reaps the benefit and the applicant loses out on experienced advice for no gain. Don't be fooled and don't miss the opportunity for quality help at no added cost.

Reviews of This Service

James treated me like a real person and not just a number to process. In my experience, this is in stark contrast to other agencies dealing with insurance.

He followed up immediately from day 1 of my first inquiry. He was fully knowledgeable about how to navigate the waters of qualifying for life insurance.

His customer service was the best I have EVER experienced. But most importantly he treated my application with respect and compassion.

I would recommend his services to anyone regardless of their background or health history. James you are the best! 

Kathrine Clark

Jim  and Banner Reviews saved me almost $100 a month by switching my 20 year term life insurance policy from one of the mutual companies that advertises on television all the time. 

The previous carrier had rated my health lower than the nationally known company that Jim submitted my application to, and to my pleasant surprise, he was right.  I couldn't be  happier with the service received or the final result.

Gerald Gallagher

Milford, CT