Banner – New term pricing effective June 16, 2021

June 16, 2021

New term pricing effective June 16, 2021

We’re making premium rate changes to level term periods for Banner Life OPTerm products only with improvements targeting competitive positioning in the preferred rate classes in the 10-40 year term durations. These changes will be effective today, June 16, 2021.

Always competitive rates
Banner Life OPTerm pricing comes in at #1 – 78% of the time and ranks top 3 – 92% of the time against term competitors in the national market.*

William Penn OPTerm pricing comes in at #1 – 78% of the time and ranks top 3 – 95% of the time against term competitors in the New York market.**

More reductions means more #1 pricing than other carriers.

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Check out our updated term webpage to find administrative guidelines, product specifications, marketing materials and more.

Download – Administrative Guidelines

Administrative Guidelines>

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*Rankings based on Banner Life OPTerm monthly pricing for all ages and classes at durations of 10, 15, 20, 25, 30, 35 and 40 years.
**Rankings based on William Penn OPTerm monthly pricing for all ages and classes at durations of 10, 15, 20, 25 and 30 years.