  |
The cheapest Prices from the companies you know and trust, because life isn't cheap. |
 |
|
|
|
Here at lifeQuote.com we only quote "A" list Companies.
We only provide you with Prices from Online Insurance Companies rated at least A(superior), A+, Means we try to find you the Best Prices Available from Top rated Insurance companies on the Internet in America at the lowest rates Available.
|
|
|
 |
You are Here: Home » FREE QUOTE » Banner Life |
 |
|
|
 |
|
 |
Top Rated Companies
Banner Life |
Information about Banner Life
1701 Research Blvd., Rockville, MD 20850
About The Company: In their own words
Life is better at Banner.
No matter how careful you are, or how much you think ahead, life is often unpredictable. That´s what life insurance is for. Planning for what you can´t predict ... life´s little surprises. What you can count on is the performance and strength of your insurance company. We make it our business to prepare for the unexpected so that you can get the most out of life.
For more information on Banner Life, our history, our financial strength and our ratings by independent industry analysts, please read on.
Our history spans a lifetime.
The history of Banner Life Insurance Company is more than 50 years strong. Chartered in 1949 as Government Employees Life Insurance Company (GELICO), we were acquired by Legal & General Group Plc as a wholly owned subsidiary in 1981. In 1983, our name was changed to Banner Life, signifying our flagship position with Legal & General America in the United States.
Banner Life´s subsidiary, William Penn Life Insurance Company of New York, joined the corporate group in 1989. Since that time, management for both companies has been consolidated at the senior level. Banner Life´s national presence, William Penn´s nearly 40 years of brokerage experience and the operational synergy between both companies is a strong combination.
Today Banner´s individual life insurance products are sold through independent insurance agencies in 48 states and the District of Columbia.
Real life means keeping promises.
At Banner Life, we take our financial promises seriously. We also promise to treat our customers fairly and to apply ethical standards to every business transaction. We believe in offering low-cost, innovative products and responsive service. Our goal is to build lasting, mutually beneficial partnerships for life.
At year-end 2002, on a GAAP consolidated basis, Banner Life had:
- Over $175 billion of life insurance in force
- Over $2.6 billion in assets
- An investment portfolio that consisted of 100% investment grade assets, including 8% U.S. government and U.S. government agency holdings
- No real estate or commercial mortgages
And on a statutory basis had:
- Capital & surplus of nearly $281 million
- Assets equal to 139% of liabilities
Our ratings speak for themselves.
While we are proud to be a member of the Legal & General worldwide organization, we take an even greater pride in our financial and management independence. Our ratings are not a reflection of, nor are they dependent upon, explicit support from our ultimate parent company. Our ratings indicate that Banner can and will honor its commitments to policy owners...based on its own, independent financial strength. Banner has:
- An A++ (Excellent) rating from A.M. Best for financial strength and operating performance
- An AA Rating from Standard´s & Poor´s for financial strength
- An A2 rating from Moody´s Investors Service for overall financial strength
Our headquarters:
Banner Life´s home office is located in Rockville, Maryland, just minutes away from our nation´s capital.
Banner Life Insurance Company
1701 Research Boulevard
Rockville, Maryland 20850
1-800-638-8428
1-301-279-4800
Source: Banner Life
The ratings are determined by independent ratings services based on information provided by the life insurance company. Each ratings service has it´s own criteria used in determining the rating they assign to an insurance company. Ratings are updated annually. Ratings are not a guarantee of an insurance company´s present or future ability to meet its contractual obligations.
Company information, ratings, financial data, and descriptions of policies and benefits are provided by the insurance company and this information may change at any time.
Insurance policy information:
Level premium term insurance: Plan name: OPTerm 10/15/20
| Level premium periods and policy form numbers: |
| Policy Name |
Level Premium Years |
Guarantee Years |
Policy Form # |
| OPTerm 10 |
10 |
10 |
RT-97 |
| OPTerm 15 |
15 |
15 |
RT-97 |
| OPTerm 20 |
20 |
20 |
RT-97 |
Premiums increase annually after the initial level premium period and may be renewed until age 95
Riders and Options:
Waiver of Premium: Available ages 20-55. Waiver of premium coverage ceases at age 59.
Conversion: Policies issued ages 20-59 are convertible prior to the 10th policy anniversary up to attained age 65, whichever comes first. Policies issued at age 60 or over are convertible during the first 5 policy years.
Modal Premium (multiply the annual premium by these factors): Semi-Annual: .51; Quarterly: .26; PAC Monthly: .0875
00-153
|
|
|
|
|
|
|
|
