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When you’re searching for the perfect insurance policy to protect your family. There are hundreds and hundreds of companies that you can choose from. Each company offers different premium rates and types of plans. Finding the best plan can be an overwhelming process, but it doesn’t have to be.
Banner Life Insurance is considered one of the best insurance companies from which to purchase life insurance. Since knowing who you are buying life insurance from is a must we put together this brief synopsis of the company and what you need to know about them.
The company was chartered in 1949 as Government Employees Life Insurance Company. Over the years the GELICO decided to sell off their life insurance division and become what we know today as GEICO. They sold the life insurance division to Legal & General Group Plc in 1981 as a wholly owned subsidiary. Legal & General is a company based in Great Britain that operates in North America, Europe, and Asia. In 1983 they changed the name to Banner Life Insurance Company and all operation are headquartered in Rockville, Maryland. This was to set this company as the flagship of the subsidiaries of Legal & General in the United States. Since that time they have come to be one of the premier life insurance companies in the United States.
Ratings for insurance companies are done on financial security and customer service. Banner Life insurance comes out as a top rated company in both regards. A.M. Best, an independent company that rates insurance companies on their financial health, gives Banner Life Insurance Company an A+ rating. This is the best rating an insurance company can get for financial health and operations of the ten rating categories that Best uses. For customer service our service gives them five out of five stars. This means they are doing everything they can to help customers and have received great rating from the customers to whom we have sold a policy through Banner Life Insurance. With such a great reputation you can see why we endorse them as one of the best insurance companies of the more than sixty for which we pull quotes.
Banner has an excellent reputation of providing quality and affordable life insurance coverage to millions of Americans. Not only do that have great rates for their plans, but they also have helpful customer service that can answer any questions regarding your plan. While every applicant is different and will receive different rates based on their specific situation, Banner tends to be one of the companies that constantly appears at the top of the list.
Banner Life has two main types of life insurance coverage that you can choose from, a term life insurance plan and a universal life insurance policy. Both of them have different advantages and disadvantages that you’ll need to consider when you’re shopping for coverage.
The most popular choice for insurance coverage is a term insurance plan. These policies are bought with an expiration date attached to them, and after that date, they are no longer in force. After that point, you’ll have to reapply for life insurance if you still want insurance protection. Term insurance policies are the most affordable option for life insurance.
The other option through Banner is their universal life insurance plan. These plans are a form of permanent coverage, which means that as long as you pay the monthly premiums, you’ll have life insurance. Inside of the universal life insurance plan you’ll accumulate a cash-value that’s attached to the policy. The longer that you pay the premiums for the plan, the more value the plan has. That money can either be invested or used to pay your premiums once you’ve built up enough cash.
In most cases, a life insurance policy is going to be much cheaper than an applicant will assume. With a term insurance plan, you can get an affordable policy that will give your family the insurance coverage that they will need if something tragic will happen to you. There are several ways that you can get better insurance rates and keep more money in your wallet every month.
The first thing that you should do is eliminate any tobacco that you currently use. For example, if you’re listed as a smoker on your insurance application, you can expect to pay twice as much for your life insurance coverage what a non-smoker is going to pay for the same amount of life insurance. If you want to save money on your insurance plan, you’ll need to kick those bad habits.
If you use chewing tobacco or you smoke cigars, then you’ll need to find a company that is going to look at your tobacco usage more favorably. There are a lot of companies that will give you non-smokers rates if you only occasionally smoke cigars.
Another way that you can save money is to improve your overall health. Before the insurance company approves your application, they are going to require that you take a medical exam. The medical exam is going to give them an idea of what your overall health is and how much of a risk you are to accept for an insurance plan. The better the results from the medical exam, the lower your monthly payments are going to be for the insurance coverage. Though if you feel that your health is too poor to qualify for a traditional medically underwritten exam, there are still options for you to get coverage through a no medical exam life insurance policy, which will come at a higher rate.
If you want to get better results from the exam, there are several simple lifestyle changes that you can make to help you save money on your life insurance. Starting a healthy diet and getting regular exercise is a great way for you to save money on your insurance coverage. These are going to help you lose weight, lower your blood pressure, lower your cholesterol, and reduce your risk of being diagnosed with severe health complications. If you want to trim down your premiums, it’s time to start lacing up those running shoes and hitting the gym. Not only will your doctor thank you, but your bank account will thank you as well.
The best way to ensure that you’re getting the lowest rates is to compare dozens of rates before you decide which plan is going to work best for you. While Banner tends to have lower premiums, but they aren’t always going to be the lowest option. Every insurance company has different medical underwriting standards, which means could get drastically different rates. Instead of wasting your time calling all of those agents yourself, let one of our independent insurance agents do all of the work for you.
Unlike a traditional insurance agent, we work with dozens of highly rated life insurance companies, which means that we can bring all of the best insurance rates directly to you. We can help save you both time and money on your life insurance coverage.
If you already got a set of quotes and came over to this page to do a little research on the company we hope this gives you a better idea of how great of a company Banner Life Insurance is for its customers. If you have not gotten quotes just fill out the form on the side of this page. I am sure that Banner will be one of the companies toward the top of the list for your personal set of quotes. If you have any other questions or if there is any way that we can serve you please you the contact form that can be reached through the link at the top of this page.
Because you never know what’s going to happen tomorrow, you shouldn’t wait any longer to get the insurance protection that your family deserves. It’s our mission to ensure that you’ve got the life insurance that your family will need if anything tragic were to happen to you. We know that nobody wants to think about his or her death, but it’s vital for your family that you prepare for the worst. Because there are thousands and thousands of different companies on the market, you could easily be spending too much for your life insurance coverage. Don’t waste money on a life insurance plan. Call us today and we can help you save money for your protection.