Carriers and 40-Year Policies

Banner Life Insurance Company – OPTerm 40-Year

Legal & General America life insurance products are underwritten and issued by Banner Life Insurance Company (Banner Life), Urbana, MD and William Penn Life Insurance Company of New York, Valley Stream, NY. Banner Life products are distributed in 49 states and in DC. Banner Life is not an authorized New York insurer and does not solicit business in NY. OPTerm policy form # ICC21-DTCV and state variations. Two-year contestability and applicable suicide provisions apply. A one-year suicide provision applies in CO, MO, and ND. The Banner Life term life insurance premiums quoted here are based on the information provided for this quote. Approval and actual premiums will be based upon the entire underwriting process, including but not limited to, information provided on the application, exam results and specific underwriting requirements and criteria. OPTerm 40 Year issue ages are 20-45 in non-tobacco classes and 20-40 in tobacco classes. Premium rates vary by coverage amount: $100,000-$249,999, $250,000-$499,999, $500,000- $999,999, $1,000,000-$1,499,999, $1,500,000-$2,499,999, $2,500,000-$5,000,000, $5,000,001 and above. Premiums quoted include a $90 annual policy fee. Premiums are guaranteed to stay level for 40 years and increase annually after the initial guarantee period. OPTerm policies can be issued in preferred plus non-tobacco, preferred non-tobacco, standard plus non-tobacco, standard non-tobacco, preferred tobacco, and standard tobacco classes. OPTerm 40 Year substandard policies can be issued through Table 12, subject to underwriting discretion. Coverage can be renewed to age 95. Policies can be returned without obligation within 30 days of receipt in most states. Policy descriptions provided here are not a statement of contract. All guarantees are based on the financial strength and claims paying ability of Banner Life. Please refer to the policy forms for full disclosure of all benefits and limitations. Rates as of 9/4/2024. Compliance [# CN09032024-8].

Protective – Classic Choice Term 40-Year

Protective Classic Choice Term 40 is a level death benefit term life insurance policy to age 90, policy form number ICC16-TL21/TL-21, and state variations thereof, issued by Protective Life Insurance Company, Birmingham, AL 35202. Policy form numbers, product features and availability 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. Premiums increase annually after the initial guaranteed premium period. All payments and guarantees are subject to the claims paying ability of Protective Life Insurance Company.

William Penn Life Insurance Company of New York – Term 40-Year

Legal & General America life insurance products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York, Valley Stream NY. William Penn products are available exclusively in NY. Banner does not solicit business in NY. OPTerm policy form # DTCV21-NY. Two-year contestability and suicide provisions apply. The William Penn life insurance premiums quoted here are based on the information provided for this quote. Approval and actual premiums will be based upon the entire underwriting process, including but not limited to, information provided on the application, exam results and specific underwriting requirements and criteria. OPTerm 40 issue ages are 20-45 non-tobacco and 20-40 tobacco. Premium rates vary by coverage amount: $100,000-$249,999, $250,000-$499,999, $500,000- $999,999, $1,000,000-$1,499,999, $1,500,000-$2,499,999, $2,500,000-$5,000,000, $5,000,001 and above. Premiums quoted include $80 annual policy fee. Premiums are guaranteed to stay level for 40 years and increase annually after initial guarantee period. OPTerm policies can be issued in preferred plus non-tobacco, preferred non-tobacco, standard plus non-tobacco, standard non-tobacco, preferred tobacco and standard tobacco classes. OPTerm 40 substandard policies can be issued through Table 12, subject to underwriting discretion. Coverage can be renewed to age 95. Policies can be returned without obligation within 30 days of receipt in most states. Policy descriptions provided here are not a statement of contract. All guarantees are based on the financial strength and claims paying ability of William Penn Life Insurance Company of New York. Please refer to the policy forms for full disclosure of all benefits and limitations. Rates as of 5/4/2023. Compliance # CN03162023-14.