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AARP vs Banner Life Insurance

AARP and Banner are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to AARP and Banner. See our side by side comparison below to see how these two companies stack up. We have included financial ratings, current leadership, assets, and premium in force for both AARP and Banner.
  • YEAR FOUNDED
    1949
  • CURRENT CEO
    Bernard Leigh Hickman
  • AVAILABLE
    All 50 States
  • ADDRESS
    3275 Bennett Creek Avenue Frederick, MD 21704 United States
  • TOP AWARDS

    "Best Term Assurance Provider"" at the Investment Life & Pensions Moneyfacts Awards 2017

    Communitas Award for Commitment to Corporate Social Responsibility

  • PROS
    • Flexibility of payment options and term limits for each option on the policy
    • Fast-track claims
    • Electronic application
  • CONS
    • Medical exam required.
    • Strict eligibility for preferred rates.
    • Options are very limited in scope
  • YEAR FOUNDED
    1958
  • CURRENT CEO
    Jo Ann Jenkins
  • AVAILABLE
    48 States
  • ADDRESS
    5505 W. Cypress Street Tampa, FL 33607
  • TOP AWARDS

    2018 Top Workplaces Award From Washington Post

  • PROS
    • Benefits Won’t Decrease
    • Guaranteed Rates Will Never Increase
    • No Waiting Period
  • CONS
    • Expensive Premiums
    • Low Death Benefit Amounts
    • Membership Fee

Compare Other Options

1st place trophy
1st

Health IQ is a unique life insurance brokerage that gets you special rates if you live an active lifestyle. If you exercise a few times per week, you can qualify for lower rates. Click below to get an accurate quote.

2nd place trophy
2nd

AIG, also know as American International Group, has been in business since 1919. AIG's strong financial rating, product selection and competitive pricing earns it the #2 spot.

3rd place trophy
3rd

Banner is a subsidiary of Legal & General, and have been in business since 1836. They hold an A+ financial rating and have some of the most competitive rates. This earns them the #3 spot.

SOURCE Banner AARP
JD Power N/A N/A
BBB A+ N/A
AM Best A+ A++
Moody's N/A Aaa
Fitch AA- AAA
Standard & Poor AA- AA+
Comdex Score 94 N/A
SOURCE Banner AARP
Total Assets $7.3 Billion $4.3 billion
Life Insurance in Force $658 Billion N/A
Banner AARP
Term life insurance Term Life Insurance
Universal life insurancePermanent Life Insurance
Banner AARP
APPcelerateTerm Life Insurance
OPTerm Life InsurancePermanent Life Insurance
Banner AARP
Disability premium waiverWaiver of Premium
Conversion to permanentAccelerated Death Benefit
Flexible payment schedule
Accelerated benefit rider
Term laddering rider
Child Protection Rider
Jonathan Holloway
January 1, 1970
Jonathan is a licensed life insurance agent at NoExam.com that writes about insurance, personal finance, lifestyle, and sports. See our pages on term life insurance, life insurance rates and life insurance companies for more.
Disclaimer: We make every attempt to make sure our information is up to date, but since things change often it is best to double check the data. This review is an opinion. Clicking on links may result in NoExam.com being compensated.