Banner Life Insurance, part of the Legal & General America family, is widely known for competitive term life pricing, strong financial ratings, and coverage options extending up to 40 years. This makes it a compelling solution for agents seeking reliable, high‑value products for their clients.
Why Banner Life Matters for Your Agency
Banner focuses on delivering straightforward, competitively priced term life insurance with flexible options your customers will appreciate. Their flagship term portfolio includes 10–40 year options, one of the few carriers offering terms as long as 35 and 40 years.
As an agent, you gain access to a stable, well‑rated carrier backed by Legal & General Group Plc, known for financial strength and long‑term reliability.
Benefits for Insurance Agents
1. Competitive Products That Sell
- Banner consistently ranks among the most affordable carriers for term life, often in the top tier for non‑smokers.
- Level premiums remain guaranteed for the duration of the selected term (10–40 years).
2. Wide Eligibility & Streamlined Underwriting
- Accelerated underwriting options allowing up to $2 million in coverage without a medical exam for qualifying applicants.
- Flexible underwriting considerations that evaluate overall health profiles instead of penalizing single issues.
3. Tools, Training & Support
- Easy access to Banner’s Partner Dashboard for case management and resources.
- Training programs and contracting support available through industry platforms and BGAs.
4. Strong Client Retention
- Policies can be converted to permanent coverage—no medical exam required—helping you maintain long-term client relationships.
Benefits for Your Customers
1. High‑Value Protection at Affordable Rates
Banner customers typically receive some of the lowest‑priced term premiums in the nation, making it easier for families to access meaningful coverage.
2. Long-Term Coverage Options
With terms up to 40 years, clients needing extended coverage—such as young parents, long mortgages, or late-stage career earners—can secure long-lasting protection.
3. Flexible Riders
Banner’s term portfolio includes valuable riders, such as accelerated death benefits for terminal illness, adding peace of mind without added complexity.
4. Financial Strength & Reliability
Banner carries A+ and AA‑ ratings through major agencies, giving policyholders confidence their benefits will be paid when needed most.