Flexible payment schedule
You don’t have to worry about making payments on time, since Banner offers you with an extensive range of payment methods, with different frequencies. You can also save more money by paying annually as well.
· Term rider review of Banner Life
If you’re looking for additional coverage for a limited amount of time, then you can choose various term riders that come with the option to ladder your death benefit.
· Accelerated death benefit
The accelerated death benefit rider helps you access your death benefit, if you have been diagnosed with a terminal or critical illness and have less than a year to live.
· Children’s rider
The children’s rider helps children acquire basic insurance coverage, and it is available for children till the age of 25.
Ø Universal Life Insurance Products
Banner Life is one of the pioneers of the universal life insurance product. It offers the Life StepUL®, which is a permanent life insurance policy that is more affordable than whole life insurance products. You have flexibility to change payments, and have a locked-in flat rate. You can take advantage of Banner’s Short Pay Guarantee to pay off the policy in 10 or 15 years.
Banner’s Step-Up UL® offers you with guaranteed minimum death benefits if you make your payments. The minimum payment doesn’t change based on anything that happens in your future. Apart from that you can enjoy the lifetime premium product, which guarantees you with cash value growth in the policy.
Ø No Exam Life Insurance from Banner- A Full review
Banner Life offers a cutting-edge no exam insurance policy, and in 2016 the company launched its Appcelerate product. This is the first automatically underwritten system, and is like Haven Life. It offers instant approvals, and helps people who haven’t qualified in the underwriting process to get approval for life insurance as well.
Banner Life uses independent insurance agents to sell their products to consumers, who can complete applications over the phone, without a medical, no Attending Physician’s Statements, and no blood tests as well. The great thing about Banner Life is that they have approved more applications in a few hours, than most insurance carriers manage to do in a full day.
Here is further information about the no exam insurance products:
- Available forOPTerm® 10, 15, 20, and 30 product lines.
- Applicants must be between the ages of 20 and 50
- Death benefits available for coverage are between $100,000-$500,000
- Preferred Plus Non-Tobacco, Preferred Non-Tobacco, and Standard Plus Non-Tobacco rate classes only
The best thing about the no exam life insurance product from Banner and William Penn is that the prices remained the same throughout the duration of the policy. If applicants fail to quality for no medical policy from Banner Life, they still have a chance to get approval through the underwriting process.
Other Products Offered- Good Life Protections Banner Life Insurance review of Other products offered.
Apart from life insurance products, Banner Life also offers MediGuide to clients who purchase insurance policies from them. This product is ideal for someone who are diagnosed with a critical or terminal illness, and require a second opinion from a medical professional. Banner Life will help individuals find the top three medical centers that specialize in that medical condition.
After the appropriate medical center has been identified through MediGuide, Banner Life will acquire a second opinion from the medical center. The best thing about the MediGuide service is that it is offered completely free and ensures that people can get the very best medical opinions for life-threatening illnesses and diseases. This clearly shows that Banner Life places the needs of their consumers before everything else, and is completely committed to helping them acquire the best life insurance products.
Company Summary- Banner Life Insurance Reviews Part 4