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Allstate vs Banner Life Insurance

Allstate and Banner are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to Allstate 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 Allstate 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
    1931
  • CURRENT CEO
    Tom Wilson
  • AVAILABLE
    43 States
  • ADDRESS
    "Allstate Insurance Company P.O. Box 660598 Dallas, TX 75266-0598"
  • TOP AWARDS

    N/A

  • PROS
    • Nationwide network of agents
    • Great website
    • Option for no exam
  • CONS
    • Claims process.
    • No app for easily managing your policy.
    • High premiums.

Compare Other Options

1st place trophy
1st

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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 Allstate
JD Power N/A N/A
BBB A+ N/A
AM Best A+ A+
Moody's N/A A1
Fitch AA- N/A
Standard & Poor AA- A+
Comdex Score 94 86
SOURCE Banner Allstate
Total Assets $7.3 Billion $104.7 billion
Life Insurance in Force $658 Billion N/A
Banner Allstate
Term life insurance Bridge UL
Universal life insuranceLifetime UL
Future Builder UL
Future Growth IUL
FutureVest VUL
Whole Life Tribute
Whole Life Advantage
Basic Term Life
TrueFit Term Life
Banner Allstate
APPcelerateBridge UL
OPTerm Life InsuranceLifetime UL
Future Builder UL
Future Growth IUL
FutureVest VUL
Whole Life Tribute
Whole Life Advantage
Basic Term Life
TrueFit Term Life
Banner Allstate
Disability premium waiverAccelerated death benefit.
Conversion to permanentAccidental death benefit.
Flexible payment scheduleChildren term insurance.
Accelerated benefit riderWaiver of premium.
Term laddering riderOverloan protection.
Child Protection RiderEstate liquidity.
Additional insured.
Liquidity guarantee.
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.