When purchasing a life insurance policy, finding one with competitive rates and good customer service is essential. Read this article to learn about some of the best policies available. You may be surprised that you can get a policy with just a few minor health issues. Understanding the company’s underwriting guidelines is essential to ensure you’re getting the best deal.
If you are looking for affordable life insurance rates, you may want to check out Banner Life. They have an excellent reputation for offering competitive rates. The application process is quick and easy, you can complete it online or over the phone. You will need to provide personal information and health information. Typically, you can receive a policy approval within three to six weeks. However, if you have a particularly complicated medical history, then it might take longer.
Another advantage of Banner Health is its affordable monthly premiums. They also offer rates that are lower for people with certain medical conditions. While most carriers charge more for people with pre-existing conditions, Banner Health has a high bar for health history and classifies those conditions as “good” or “excellent.” This means you can still receive affordable rates even if you have a history of cancer in your family.
Banner Life Insurance also offers a universal life insurance policy. However, unlike many other insurance companies, they offer the lowest rates for nonsmokers and people with low blood pressure. In addition, the company offers preferred plus rates to former smokers and nonsmokers.
Good customer service
The customer service department at Banner Life Insurance Company is available by phone, email, and fax. The team is available from 8:00 am to 5:00 pm ET. You can also send a detailed email or send a fax. For more information about how to contact them, see their contact page.
Customers are generally pleased with the service they receive at Banner Life. The company receives fewer complaints per policy than most other life insurance companies. However, applications can sometimes take a long time to process. The company also offers a reputable website through which customers can request a quote, file a claim, or make payments. In addition, customers can also speak with an agent directly to discuss their policy.
Another positive aspect of Banner Life Insurance is its competitive rate. Considering that the company specializes in a relatively narrow range of life insurance products, it offers reasonable rates. In addition, the company is known for being lenient with policy applicants with certain health conditions. For example, it accepts policies from people with sleep apnea. However, despite their lenient attitude, the insurance company has a relatively aggressive underwriting process.
Banner Life Insurance is an excellent choice for affordable life insurance. It offers guaranteed universal life and term insurance. Unfortunately, it doesn’t offer whole life or indexed universal life insurance, which offers higher cash value growth potential. If you are interested in purchasing a policy, you can find more information about the different products at Banner.
In addition to guaranteed benefits, Banner Life Insurance offers several optional policy riders. Its most unique rider is the laddering term rider. Other standard policy riders include waiver of premium and children’s insurance. In addition, the company offers additional coverage for specific life events and other benefits. The company’s competitive rates and excellent customer service make Banner Life Insurance a great choice for most people.
There are some terrible reviews about Banner Life, but they tend to be rooted in minor issues related to clerical errors and client surrender. To avoid these issues, be sure to get written confirmation when making changes to your policy.
Underwriting guidelines are an essential factor to consider when looking for life insurance. Many factors can affect your rates. For example, some insurers are more aggressive with underwriting than others. For example, some insurers might automatically bump your application to a higher rate class if you have certain medical conditions or a high cholesterol/HDL ratio. However, if you follow underwriting guidelines, you should be able to get lower rates.
Banner Life requires applicants to meet specific guidelines to qualify for coverage. They check the application questions’ answers and verify them with third-party sources. Some sources include the Medical Information Bureau, a prescription check, your driving record, and a medical exam. Applicants must also be at least 20 years old and have a healthy lifestyle.
Banner Life is backed by one of the largest insurance groups in the world, the Legal & General Group. This company writes policies in every state in the U.S. and is ranked seventh in the world. As of 2015, the company had over $6 billion in assets and $782 billion in life insurance coverage.