What You Should Know About Banner Life Insurance
Life is fairly unpredictable no matter how much planning you make. As such, it is important to take precautions and safeguard your family's future through insurance. This article will introduce you to one of the insurance industry's biggest player, Banner Life Insurance Company.
Banner Life Insurance goes back for more than half a century guided by the virtues the company holds dear: service, integrity, and credibility. The company was chartered in 1949 as a GELICO or Government Employees Life Insurance Company. Due to its excellent performance, Banner Life Insurance Company was then acquired by the Legal and General Group Plc. in 1981 as a fully owned subsidiary. To further signify its status as its mother company's flagship company, Banner Life Insurance shortened its name to Banner Life in 1983.
Banner Life continues to offer products and services that are the hallmark of Banner Life Insurance's fame while developing new ones for the changing times. As a sign of the company's continuous growth, Banner Life insurance products are sold by independent brokerage firms across 49 states as well as in the District of Colombia.
Perhaps the most well-known product of Banner Life Insurance is its OPTerm 10/15/20/30 life insurance plan. The minimum age for application is 20 years old so even people who are still in college can start investing on their life insurance plans. This is also perfect since Banner Life's products are very affordable. The OPTerm 10/15/20/30 plan is renewable until age 95 so it is really a worthy lifetime investment. It is also convertible at the term's end with a minimum face amount of $100,000. Banner Life also offers affordable insurance quotes and premiums so you can choose which option suits your lifestyle and financial capabilities best. A number of online insurance agencies can also provide you with insurance quotes on Banner Life's products. If you are a bit unsure about the insurance quotes given to you, you can visit Banner Life's headquarters in Maryland to get more information. A lot of people find comfort in getting their insurance needs from Banner Life since it has several exceptional ratings from the country's top financial institutions. A.M. Best has awarded Banner Life with a Superior rating for operating performance and financial strength while Standard and Poor's gave the company a double A rating for financial strength. This is unsurprising since the end of 2006 saw Banner Life with more than $305 billion worth of life insurance in force and over $4.3 billion worth of assets. The company also has an investment portfolio of entirely investment-grade assets with 13% of those identified as holdings in the U.S. Government and its agencies. Aside from this impressive show of financial strength, Banner Life is also proud of its no-real-estate-or-commercial-mortgage state.
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