Allstate 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
    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.
SOURCEBannerAllstate
JD PowerN/AN/A
BBBA+N/A
AM BestA+A+
Moody'sN/AA1
FitchAA-N/A
Standard & PoorAA-A+
Comdex Score9486
SOURCEBannerAllstate
Total Assets $7.3 Billion$104.7 billion
Life Insurance in Force$658 BillionN/A
BannerAllstate
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
BannerAllstate
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
BannerAllstate
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
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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