AARP vs Banner Life Insurance

  • 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
SOURCEBannerAARP
JD PowerN/AN/A
BBBA+N/A
AM BestA+A++
Moody'sN/AAaa
FitchAA-AAA
Standard & PoorAA-AA+
Comdex Score94N/A
SOURCEBannerAARP
Total Assets $7.3 Billion$4.3 billion
Life Insurance in Force$658 BillionN/A
BannerAARP
Term life insurance Term Life Insurance
Universal life insurancePermanent Life Insurance
BannerAARP
APPcelerateTerm Life Insurance
OPTerm Life InsurancePermanent Life Insurance
BannerAARP
Disability premium waiverWaiver of Premium
Conversion to permanentAccelerated Death Benefit
Flexible payment schedule
Accelerated benefit rider
Term laddering rider
Child Protection Rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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.