Speak to a Licensed Sales Agent

Location
Frederick, MD

Established
1949

NAIC
#94250

Agent Reviewed by Jon Reinemann last reviewed March 2022

Banner Life Insurance with SelectQuote

For over 70 years, Legal & General America has been in the business of providing financial protection for American families from coast to coast. The Legal & General America companies are Banner Life Insurance Company and its subsidiary William Penn Life Insurance Company of New York.

Banner was founded as GELICO in 1949 and has been part of Legal & General Group Plc since 1981; William Penn joined the family in 1989. While Banner and William Penn remain the companies that underwrite and issue coverage, the companies go to market under a single name, Legal & General America.

Purchasing life insurance from highly-rated insurance carriers like Banner Life is made easy with the help of SelectQuote. See your options for life insurance coverage with a free quote from SelectQuote today.

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Banner Life Insurance Ratings

Banner has received high ratings from A.M. Best, Better Business Bureau and Standard & Poor’s rating system. SelectQuote partners with life insurance companies like Banner so you can feel confident shopping life insurance policies with us.

A+

(Superior)

A+

AA-

*Scores updated March 2022

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Life Insurance Products Banner Life Offers Through SelectQuote

Banner Life Insurance offers both term life insurance and permanent life insurance through SelectQuote.

Term life insurance: Term life insurance is one of the most common (and affordable) types of coverage and gets its name from the length of terms available for coverage. While term life insurance policy lengths typically range from 10 to 30 years, Banner offers term lengths up to 40 years.

Permanent life insurance: Permanent life insurance lasts your entire life and doesn’t have an expiration date. As long as your premiums are paid, you are covered with permanent life insurance.

At SelectQuote, we’ll get to know your situation and shop life insurance coverage from some of the most trusted insurance companies in the nation—such as Banner Life—to find the policy that’s right for you.

FAQs About Banner Life Insurance Company

Does Banner Life require medical exams?

When you apply for a life insurance policy, you are typically required to also go through a medical exam. While it can seem intimidating, this process is actually quick and easy, taking less than an hour to complete and can happen wherever is easiest for you—an exam center, home, or work.

Can I get a free life insurance quote from Banner Life?

By shopping for life insurance with SelectQuote, you can receive free life insurance quotes from some of the most trusted insurance companies in the nation, such as Banner Life, in just minutes.

Is the Banner life insurance application process easy?

The life insurance application process can seem intimidating and complicated, but it’s made easier with SelectQuote. We will walk you through the process and ensure you have all your questions answered before submitting to the carrier that’s right for you.

Why shop Banner Life Insurance with SelectQuote?

At SelectQuote, we can compare coverage and rates from some of the most trusted insurance companies in the nation—including Banner Life—to find the right coverage for you in just minutes.

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We do the shopping. You do the saving.

Explore Other Life Insurance Companies with SelectQuote

SelectQuote can compare coverage and rates for life insurance on your behalf in just minutes. While the life insurance policies from Banner Life are a great fit for some, we’ll shop policies from an array of carriers on your behalf to ensure you have the right coverage for you. Learn more about the other life insurance carriers we partner with and see how much you can save on life insurance today.

Privacy Policy | Legal Accessibility

SelectQuote does not sell Life Insurance in South Dakota.

SelectQuote Insurance Services has no control over rate information posted in the reviews above through Trustpilot. Your plan could vary depending on your age, health, issuing company and other factors. Not available in all states.

*Best's Credit Ratings™ are under continuous review and subject to change and/or affirmation. For the latest Best’s Credit Ratings™ and Best’s Credit Reports (which include Best’s Credit Ratings™), visit the A.M. Best website at ambest.com. See Guide to Best’s Credit Ratings™ for explanation of use and charges.” “Best's Credit Ratings™ reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of SelectQuote or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best's Credit Ratings™. Best’s Credit Ratings™ are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.” A Best’s Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. It is not a warranty of a company’s financial strength and ability to meet its obligations to policyholders. View our Important Notice: Best's Credit Ratings for a disclaimer notice and complete details at http://www.ambest.com/home/ratings.aspx

* All policies are Protective Classic Choice Term 10. Policy is a level death benefit term life insurance policy to age 90, policy form number ICC16 TL-21/ TL-21, and state variations thereof, issued by Protective Life Insurance Company in all states except New York where it is issued by Protective Life and and Annuity Insurance Company policy form number TL-21-NY 4-16. Both companies located in Birmingham, AL. Policy form number and features may vary by state. Consult the policy for benefits, riders, limitations, and exclusions. Subject to underwriting. Up to a two year contestable and suicide period. Benefits adjusted for misstatements of age or sex. In Montana unisex rates apply. Premiums increase annually after the initial guaranteed premium period. All payments and guarantees are subject to the claims paying ability of the issuing company.

AIG Companies policies issued by American General Life Insurance Company (AGL), Houston, TX. Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG).

**https://www.who.int/gho/women_and_health/mortality/situation_trends_life_expectancy/en/

*Savings are estimated by comparing the highest and lowest prices of policies available through SelectQuote in April 2021 for a $500,000, 10-year policy for a 40-year-old male in excellent health with high blood pressure in KS. The highest rate was $43.31/mo and lowest rate was $18.37/mo. Exact savings for your situation can be determined by finalizing an application with a member of the SelectQuote team. Final rates will be based on the insurance company’s underwriting and a more complete review of the consumer’s health. Savings may also vary by term, policy amount, and state.

**Example rate is lowest available rate from SelectQuote carriers for a 40-year-old male in excellent health for a $500,000 10-year policy at $17.85/mo ($209.99/yr) in December 2021. Final rates will be based on the insurance company’s underwriting and a more complete review of the consumer’s health. Savings may also vary by term, policy amount, and state.

***Best’s Credit Ratings™ are under continuous review and subject to change and/or affirmation. For the latest Best’s Credit Ratings™ and Best’s Credit Reports (which include Best’s Credit Ratings™), visit the A.M. Best website at ambest.com. See Guide to Best’s Credit Ratings™ for explanation of use and charges.” “Best’s Credit Ratings™ reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of SelectQuote or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Credit Ratings™. Best’s Credit Ratings™ are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.” A Best’s Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. It is not a warranty of a company’s financial strength and ability to meet its obligations to policyholders. View our Important Notice: Best’s Credit Ratings for a disclaimer notice and complete details at http://www.ambest.com/home/ratings.aspx