Banner Life Insurance Review & Ratings (2023)
Discover the perfect protection with Banner Life Insurance: explore a diverse selection of comprehensive policies designed to suit your unique requirements and financial considerations. Safeguard your loved ones' future and secure peace of mind with our reliable coverage options. Compare rates and find the best insurance plan by entering your zip code now.
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Laura Walker
Former Licensed Agent
Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...
Former Licensed Agent
UPDATED: May 24, 2023
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Welcome to our comprehensive guide on Banner Life Insurance and the key topics you need to know. Whether you’re seeking reliable life insurance coverage, competitive rates, or exceptional customer service, Banner Life Insurance has you covered. We’ll delve into the key topics surrounding Banner Life Insurance, including their range of policy options, customizable coverage features, and competitive rates.
- Affordable coverage options
- Wide range of discounts available
- Over 50 years of experience in life insurance
Our aim is to empower you with the knowledge to make informed decisions about your insurance coverage. To compare rates from the best insurance providers and find the perfect policy for your unique circumstances, simply enter your zip code and take the first step towards securing peace of mind and financial security for your future.
Banner Life Insurance History and Mission
Banner Life Insurance has a rich history that dates back to 1949 when the company was first established. As a subsidiary of Legal & General America, Banner Life Insurance has been providing life insurance coverage for over 70 years.
Over this time, the company has become known for its commitment to providing quality life insurance coverage at an affordable price.
The mission of Banner Life Insurance is to help its customers protect their loved ones in the event of their death. The company understands that life insurance is an important investment and that it can provide financial security for families during difficult times.
With this in mind, Banner Life Insurance is dedicated to making life insurance coverage accessible and affordable for all of its customers.
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Products and Services Offered by Banner Life Insurance
Banner Life Insurance offers a comprehensive range of life insurance products and services designed to meet the needs of its customers. The main products offered by the company include:
- Term life insurance: This is a temporary form of life insurance coverage that provides protection for a set period of time, typically ranging from 10 to 30 years. It is an affordable option for those who are looking for coverage to meet a specific financial obligation, such as a mortgage.
- Whole life insurance: This is a permanent form of life insurance that provides coverage for the entirety of the policyholder’s life. Whole life insurance policies typically have a cash value component, which can be used as a source of savings or as collateral for loans.
- Universal life insurance: This is a flexible form of permanent life insurance that allows policyholders to adjust the coverage amount, premium payments, and death benefit over time. Universal life insurance policies also typically have a cash value component that can grow over time.
Banner Life Insurance is committed to making life insurance coverage accessible and affordable for all of its customers. With a wide range of products and services available, the company is able to meet the needs of individuals and families of all sizes and financial circumstances.
Whether you’re looking for temporary coverage to meet a specific financial obligation or permanent coverage to protect your family for life, Banner Life Insurance has a product that is right for you.
Cost of Coverage at Banner Life Insurance
The cost of life insurance coverage from Banner Life Insurance can vary depending on a number of factors, including the type of coverage you choose, the amount of coverage you need, your age, and your health status.
Some of the key factors that can impact the cost of life insurance coverage from Banner Life Insurance include:
- Type of coverage: The cost of life insurance coverage from Banner Life Insurance will vary depending on the type of coverage you choose. For example, term life insurance is typically more affordable than whole life insurance or universal life insurance, as it provides coverage for a set period of time rather than for the entirety of the policyholder’s life.
- Amount of coverage: The cost of life insurance coverage from Banner Life Insurance will also vary depending on the amount of coverage you need. The more coverage you require, the higher your premium will be.
- Age: The cost of life insurance coverage from Banner Life Insurance can also be impacted by your age. Generally speaking, the older you are, the more expensive your life insurance coverage will be.
- Health status: The cost of life insurance coverage from Banner Life Insurance can also be impacted by your health status. If you have pre-existing medical conditions, you may be required to pay a higher premium for your life insurance coverage.
It is important to keep in mind that the cost of life insurance coverage from Banner Life Insurance can vary greatly from person to person. To get a better idea of what your life insurance coverage from Banner Life Insurance might cost, it is best to get a quote from the company directly.
This will allow you to compare the cost of life insurance coverage from Banner Life Insurance with other life insurance providers, and find the coverage that is right for you at a price that you can afford.
States Where Services are Offered by Banner Life Insurance
Banner Life Insurance is licensed to offer life insurance coverage in all 50 states in the United States. This means that no matter where you live, you can take advantage of the comprehensive range of life insurance products and services offered by Banner Life Insurance.
The company has a strong presence in many of the states across the country and is committed to providing high-quality life insurance coverage to individuals and families in all of the communities it serves.
Whether you’re looking for term life insurance to meet a specific financial obligation, whole life insurance for lifelong protection, or universal life insurance for flexible coverage, Banner Life Insurance has a product that is right for you.
In addition to its coverage offerings, Banner Life Insurance is also known for its exceptional customer service. If you’re looking for life insurance coverage that is both comprehensive and affordable, Banner Life Insurance is an excellent choice.
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Available Discounts for Banner Life Insurance
Banner Life Insurance offers a variety of discounts to help make its life insurance coverage more affordable for its customers. Some of the discounts that may be available include:
- Multi-policy discount: If you have multiple policies with Banner Life Insurance, such as life insurance and homeowners insurance, you may be eligible for a multi-policy discount. This discount can help reduce the overall cost of your coverage and make it more affordable.
- Health and lifestyle discount: If you are in good health and lead a healthy lifestyle, you may be eligible for a discount on your life insurance coverage. This can include things like being a non-smoker, maintaining a healthy weight, and engaging in regular exercise.
- Age discount: Banner Life Insurance offers discounts to customers who are under the age of 45, as this age group is typically considered to be at a lower risk for health problems.
- Occupation discount: Certain occupations, such as teachers and first responders, may be eligible for a discount on their life insurance coverage.
It is important to keep in mind that the availability and amount of discounts offered by Banner Life Insurance can vary depending on the state in which you live.
To find out what discounts are available to you, it is best to contact Banner Life Insurance directly. The company’s representatives can help you determine which discounts you may be eligible for and provide you with a quote that includes those discounts.
Customer Reviews for Banner Life Insurance
Banner Life Insurance has a strong reputation for providing excellent customer service. Many customers report that the company is easy to work with and that the process of obtaining coverage is straightforward.
Some customers have also reported that the cost of coverage is affordable and that the company offers a wide range of discounts to help lower the cost of coverage.
However, there have been some customers who have reported that the claims process can be lengthy and difficult.
Roundup: Banner Life Insurance
Overall, Banner Life Insurance is a strong choice for those looking for quality life insurance coverage at an affordable price. With a wide range of products and services, flexible payment options, and multiple discounts available, Banner Life Insurance is a great choice for anyone in need of life insurance coverage.
Frequently Asked Questions
What is Banner Life Insurance?
Banner Life Insurance is a life insurance company that provides a variety of life insurance products, including term life insurance and universal life insurance. Banner Life Insurance is a subsidiary of Legal & General America, which is a part of the global insurance company, Legal & General Group.
How can I contact Banner Life Insurance?
You can contact Banner Life Insurance by phone at (800) 638-8428 or by email at [email protected]. You can also visit their website at www.bannerlife.com for more information.
What types of life insurance does Banner Life Insurance offer?
Banner Life Insurance offers a range of life insurance products, including term life insurance and universal life insurance. Their term life insurance policies provide coverage for a set period of time, while their universal life insurance policies offer more flexibility and can provide coverage for the entire lifetime of the policyholder.
What is term life insurance?
Term life insurance is a type of life insurance that provides coverage for a set period of time, typically 10, 20, or 30 years. Term life insurance is usually less expensive than other types of life insurance, making it a popular choice for individuals who want to provide financial protection for their loved ones without spending a lot of money on premiums.
What is universal life insurance?
Universal life insurance is a type of life insurance that provides both a death benefit and a savings component. Universal life insurance policies offer more flexibility than other types of life insurance, allowing policyholders to adjust their premiums and death benefits as their financial needs change over time.