Banner Life Insurance Company Policy Changes

By | June 15, 2009

Banner Life Insurance Company made a few changes to their policies rates bands and yearly policy fee. 

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The Annual Policy Fee is a charge most Life Insurance Carriers charge for administrative cost’s to the policy on a yearly basis.  Banner Life recently changed theirs upward but it still is in line with other major life carriers.

  • For all term products the $50  policy fee will increase to $60.

Premium Bands
Two new premium rate bands have been added to the term products for face amounts $50,000 to $99,999 and $2 million and above. The five term premium bands are as follows:

  • $50,000-$99,999
  • $100,000-$249,999
  • $250,000-$999,999
  • $1,000,000-$1,999,999
  • $2 million & over

Banner Life continues to bring affordable and quality term life insurance products to the market place, although a policy fee increase they are still typically in the top of all carriers when spread sheeting term life rates.

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3 thoughts on “Banner Life Insurance Company Policy Changes

  1. Pingback: Policy Changes to Banner Life Insurance’s Term Product Line | goidahoinsurance.com

  2. Pingback: Policy Changes to Banner Life Insurance’s Term Product Line « Life Insurance Guru 101

  3. Pingback: Policy Changes to Banner Life Insurance’s Term Product Line « Lifeinsurancepros’s Weblog




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