When choosing a company or insurance carrier to put your trust and money into, it’s important to understand a few key things first.
Banner Life Insurance Company
Here’s a brief review of Banner and where they may be a good fit for you. The company that eventually became Banner Life, Government Employees Life Insurance Company (GELICO) was chartered in 1949. They were one of the very first companies to first market universal life insurance starting in the eighties.
At year-end of 2013, on a GAAP consolidated Basis, Banner had: over $587 billion of life insurance in force and over $5.7 billion in assets.
As of June 2014 Banner’s A.M. Best Rating was an A+ (Superior) with a Stable Outlook.
The best A.M. Best Rating possible is an A++.
As of May 2013 Banner’s S&P Rating was an AA- (Very Strong) with a Stable Outlook.
The best Standard & Poor’s Rating possible is an AAA.
And Banner Life Insurance Company’s Comdex is 96.
The highest Comdex possible is a 100.
The Comdex is not a rating itself, but a composite of all the ratings that a company has received. The Comdex ranks the companies, on a scale of 1 to 100, in relation to other companies that have been rated by the services. The Comdex is an effort to reduce the confusion over ratings, which is caused by each ratings service using a different scale. A company needs to be rated by at least two rating services to receive a Comdex. The Comdex is based on the ratings issued by the following rating services: A.M. Best, Standard & Poor’s, Moody’s Investors Service and Fitch.
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Banner offers 10 year, 15 year, 20 year, and 30 year level term coverage options. Their OPTerm policies also come with conversion options which may allow you to convert your term insurance policy to one of their permanent UL (universal life) type of policies without requiring new proof of insurability under most instances.
Where do they fit in?
Banner may be a good option for someone that is looking for a competitively priced term life policy if he was diagnosed and treated for prostate cancer. Banner tends to be a more competitive option for men that underwent a prostatectomy with no radiation or chemo treatments and currently have an after treatment PSA of 0. Knowing your pre-treatment PSA, post-treatment PSA, Gleason Score, and dates of treatment will be vitally important in deciding if Banner Life is right for you.
Fortunately for you, you don’t need to study and memorize everything that Banner has to offer and decide on which coverage type, amount, or duration may be the best option on your own. At LifeIsuranceProstateCancer.com we have done the heavy lifting for you. When you’re ready to take the next step in purchasing your life insurance coverage, please allow us the opportunity to do what we do best. Helping guys just like yourself with a history of prostate cancer obtain life insurance coverage at the most favorable rates! We look forward to working with you soon. [telnumlink “1-844-543-3844”]Call Us Today![/telnumlink]