CompareBanner Life at a glance
Where it shines
- Consistently among the lowest premiums for healthy applicants
- Term lengths up to 40 years
- High coverage ceiling without a specialty product
Where it doesn't
- Not sold directly in New York (William Penn affiliate instead)
- Application experience is agent/marketplace driven, not fully self-serve
Who Banner Life is right for
Banner Life is best overall because it delivers the lowest premiums in our sample for healthy applicants while offering terms as long as 40 years. It is the first quote a price-focused buyer under 55 should get.
No-exam underwriting
Accelerated underwriting up to $2M for qualifying applicants. Above that threshold, or if your health history raises a flag, expect a paramedical exam. No-exam approval is a convenience, not a discount; a fully underwritten policy from the same carrier is usually cheaper for a healthy applicant.
Riders and options
Available riders include accelerated death benefit, waiver of premium, children's term rider, term rider. Availability and cost vary by state.
New York residents are served by William Penn (NY), a sister company with separate pricing.
How Banner Life compares
| Carrier | Score | AM Best | Max coverage | Longest term | Max age | No exam up to |
|---|---|---|---|---|---|---|
 Banner Life | 4.8 | A+ | $10M | 40 yrs | 75 | $2M |
 Ethos | 4.5 | A | $3M | 30 yrs | 65 | $3M |
 Ladder | 4.4 | A+ | $8M | 30 yrs | 60 | $3M |
 Haven Life | 4.6 | A++ | $3M | 30 yrs | 64 | $1M |
 Fabric by Gerber Life | 4.3 | A+ | $5M | 30 yrs | 60 | $1M |
 Protective Life | 4.7 | A+ | $50M | 40 yrs | 75 | $2M |
 Pacific Life | 4.6 | A+ | $10M | 40 yrs | 75 | $3M |
Is Banner Life on your shortlist?
Check it against every carrier that fits your age, coverage and term.
Banner Life questions
Is Banner Life a good life insurance company?
Banner Life holds an AM Best financial strength rating of A+ and earns a 4.8 out of 5 in Quote Genie's methodology, which weighs price, financial strength, underwriting flexibility, policy options and buying experience. We rate it best overall.
How much term life insurance can I buy from Banner Life?
Banner Life issues term policies from $100K up to $10 million, with level terms of 10, 15, 20, 25, 30, 35, 40 years for applicants aged 20 to 75 at issue.
Does Banner Life require a medical exam?
Not always. Accelerated underwriting up to $2M for qualifying applicants. Applicants above that limit, or whose health history needs more review, will be asked to complete a paramedical exam.
Can I convert a Banner Life term policy to permanent insurance?
Yes. The policy includes a conversion privilege that lets you move to permanent coverage without new medical underwriting, subject to the conversion period in your contract.
Is Banner Life available in every state?
No. Banner Life does not currently sell term life in NY. William Penn (NY) serves New York residents.
Facts come from Banner Life product materials and public filings, last reviewed October 19, 2026. Quote Genie is an independent agency and is not affiliated with Banner Life.