How Much Does Life Insurance By Banner Cost?



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A middle aged couple are standing outside of their car enjoying the sunset view while holding each other.

Summary:

Sample quotes and policy details in this review of How Much Does Life Insurance By Banner Cost? come from the Banner Life website.  Your exact results may vary and will depend on your age, your health, as well as other underwriting factors.  You must complete an application, underwriting and once approved, you will told what your exact costs are.

Click Banner Life Insurance Review - Pros & Cons - Frequently Asked Questions to read our full review of Banner Life

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BAnner term Life Insurance PRICING AND FEES

Competitive pricing is why Banner has one of the best term life insurance products in the market.  There are no application fees and it is free to apply for coverage. 

HOW MUCH DOES BAnner TERM LIFE INSURANCE COST?

Banner is a low cost term life insurance company.  Their premiums are always in the Top 5 compared to the competition.  See sample quotes below.

QUICK VIEW

  • Product Name: OPTerm
  • Policy Face Amount: $100,000 - $10,000,000
  • Issue Ages:  OPTerm 10 year term – issue ages 20 to 75. | OPTerm 15 year term – issue ages 20-75. | OPTerm  20 year term – issue ages 20-70 for non-smokers.  20-65 for smokers. | OPTerm  25 year term – issue ages 20-60 for non-smokers.  20-55 for smokers. | OPTerm 30 year term – issue ages 20-55 for non smokers.  20-50 for smokers. | OPTerm 35 year term – issue ages 20-50 for non smokers.  20-45 for smokers. | OPTerm 40 year term – issue ages 20 – 45 for non smoker.  20-40 for smokers.
  • Level Period: 10, 15, 20, 25, 30, 35, & 40 Year

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banner term life insurance UNDERWRITING CLASSES

  • Preferred Plus
  • Preferred
  • Standard Plus
  • Standard
  • Substandard - Table 2 - 12

Banner term life insurance ADDITIONAL RIDERS

  • Accelerated Death Benefit Rider
  • Wavier of Premium Rider
  • Children's Insurance Rider

Conversion:  You can convert Banner term life insurance for the duration of the guaranteed level premium period or up to age 70 which ever comes first.  Policies issued at age 66 or over are convertible during the first 5 policy years

Shortcut:  Our #1 choice for life insurance with health issues is Health IQ.  If you have any history of heart disease, diabetes, cancer, stroke, or obesity, click here for a free quote.

Banner life insurance TERM LIFE INSURANCE PROS

  • Excellent prices.
  • Offers 35 & 40 year level term products.

CONS OF Banner TERM LIFE INSURANCE

  • No policies less than $100,000 are available.
  • May take up to 6 weeks to get approved.

BAnner term life insurance SAMPLE MONTHLY QUOTES

Sample quotes assume assume the best available underwriting class.  Your actual prices may be different.  

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$250,000 Banner Term Life Insurance

Sample Monthly Quotes

Male 

$250,000

Age 35

Age 45

Age 55

10 Year

$12.96

$22.95

$41.31

15 Year

$13.92

$22.95

$54.61

20 Year

$13.92

$26.53

$64.81

25 Year

$19.32

$38.77

$104.64

30 Year

$21.09

$45.11

$150.39

35 Year

$25.83

$66.45

N/A

40 Year

$37.30

$95.94

N/A

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$250,000 Banner Term Life Insurance

Sample Monthly Quotes

Female 

$250,000

Age 35

Age 45

Age 55

10 Year

$12.20

$17.42

$34.85

15 Year

$12.20

$17.42

$38.84

20 Year

$12.20

$21.43

$47.97

25 Year

$16.20

$30.10

$73.75

30 Year

$18.28

$33.61

$93.98

35 Year

$21.74

$46.59

N/A

40 Year

$28.60

$76.80

N/A

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$500,000 Banner Term Life Insurance 

Sample Monthly Quotes

Male 

$500,000

Age 35

Age 45

Age 55

10 Year

$20.40

$32.94

$72.84

15 Year

$22.74

$36.20

$88.99

20 Year

$22.74

$46.65

$119.16

25 Year

$29.36

$66.35

$187.93

30 Year

$35.45

$79.47

$295.67

35 Year

$43.78

$123.88

N/A

40 Year

$69.50

$186.78

N/A

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$500,000 Banner Term Life Insurance 

Sample Monthly Quotes

Female

$500,000

Age 35

Age 45

Age 55

10 Year

$16.57

$28.26

$59.50

15 Year

$16.57

$28.39

$68.08

20 Year

$17.87

$37.62

$89.24

25 Year

$25.07

$50.77

$135.05

30 Year

$29.90

$61.53

$176.71

35 Year

$36.71

$88.08

N/A

40 Year

$52.11

$145.08

N/A

WHAT IS THE COST OF banner GUARANTEED ISSUE WHOLE LIFE INSURANCE?

Banner does not offer guaranteed issue whole life insurance.  Click here to get a quote for guaranteed whole life insurance from other leading carriers.


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No problem with no-exam life insurance from Ladder Life! 


WHAT IS THE PRICE FOR Banner UNIVERSAL LIFE INSURANCE?

QUICK VIEW

  • Product Name: Life Step UL
  • Minimum Policy Face Amount: $50,000
  • Issue Ages: 20 to 85
  • Level Period: Lifetime coverage

Banner Universal Life UNDERWRITING CLASSES

  • Preferred Plus
  • Preferred
  • Standard Plus
  • Standard
  • Substandard - Table 2 - 12
A couple are in the woods enjoying their life.

Banner universal life ADDITIONAL RIDERS

  • Accelerated Death Benefit Rider
  • Wavier of Premium Rider
  • Children's Insurance Rider


Skip the Needles!

Want to take the "pain" out of life insurance?  We don't blame you!  Ladder Life Insurance is our #1 recommended no-exam company offering 10, 20, and 30 year plans up to age 60.  See if you qualify for "no exam" today.

Quotes are quick, easy, and free! 


Banner UNIVERSAL LIFE INSURANCE PROS

  • Flexible lifetime coverage.
  • Policies as low as $50,000

CONS OF Banner UNIVERSAL LIFE INSURANCE

  • Expensive compared to other leading universal life carriers.

Banner universal life SAMPLE MONTHLY QUOTES

Sample quotes assume the best possible underwriting class.  You actual prices may be different.  

Click here to get your personalized quote.

$250,000 Banner Universal Life Insurance 

Sample Monthly Quotes

Male

$250,000

Age 35

Age 45

Age 55

To Age 100

$177.00

$268.17

$446.10

To Age 121

$195.18

$294.52

$485.67

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$250,000 Banner Universal Life Insurance 

Sample Monthly Quotes

Female

$250,000

Age 35

Age 45

Age 55

To Age 100

$148.74

$230.15

$345.17

To Age 121

$174.05

$266.61

$399.31

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$500,000 Banner Universal Life Insurance 

Sample Monthly Quotes

Male

$500,000

Age 35

Age 45

Age 55

To Age 100

$335.21

$517.71

$873.81

To Age 121

$371.62

$570.46

$953.05

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$500,000 Banner Universal Life Insurance 

Sample Monthly Quotes

Female

$500,000

Age 35

Age 45

Age 55

To Age 100

$278.63

$441.59

$671.84

To Age 121

$329.33

$514.58

$780.26

SUMMARY

Banner Life offers low cost term life insurance.  Their term life insurance prices are generally in the Top 5 when compared to other leading carriers in the market.  On the other hand, Banner's universal life has average to expensive prices compared to the competition.

Do you have any experience with Banner Life?  If so, we would love to hear about it.  Please leave a comment below.


Written by:  Chris Lalor

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