Banner Life Insurance Company

Banner Life Insurance - A friend for Life


No matter how much a person plans for their future, there will always be unexpected events to deal with.  Getting insurance is a way to offset costs that occur from such events.  Insurance policies are also a way to provide financial security to one’s family upon death.  Banner Life Insurance offers consumers life insurance at affordable prices so that  a policy holder can invest in his/her family's future.


Figuring out how much life insurance a person should buy depends on their financial situation.  Applicants should do an estimate of their current expenses and future costs and then decide whether to buy term life or whole life insurance.  Term Life policies offer the best coverage for lower premiums. It serves those with limited budgets and short term needs well. Permanent insurance is a better option as it offers lifelong protection.  It is more expensive – to figure out what you need, talk to a qualified insurance agent.  They will work out details and offer information and ideas on how to invest.


Prices for policies vary based on the length of a policy, age of the person, general health etc. It also depends on whether a person wants to buy term life or permanent insurance.  Quotes and details are available through a qualified insurance agent.  Contact the company directly for information.

How to put in a Claim:

Policyholders have a couple of options.  Basically they have to fill out  a claim form and get in touch with the agent who helped them to buy the policy.  If it matures, then it is quite a straightforward process.  If the original policy holder dies, then the family has to send the claim form along with the death certificate and other information to get a settlement.

Lines of Insurance: Life

States licensed to sell insurance in: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Type of Insurance Company: Mutual; parent is stock

Name of Parent Company:
Legal & General Group Plc

Banner Life Insurance Company Rating: A+

Company Financial Status:
Assets & Premiums: 2005 Assets: $3.7+ billion

Banner Life Insurance Company logo

Banner Life Insurance Phone Number & Contact Details

Banner Life Insurance
Group Chie   Tim Breedon
1701 Research Blvd.
Rockville, MD 20850

Banner Life Insurance Company Business Information

Location Type Branch
Employees (Estimated) At this location
SIC Code 6411, Insurance Agents, Brokers, and Service
NAICS Code 524210, Insurance Agencies and Brokerages