Assurity vs Banner Life Insurance

  • YEAR FOUNDED
    1890
  • CURRENT CEO
    Thomas E. Henning
  • AVAILABLE
    All 50 States
  • ADDRESS
    Assurity Life Insurance Company 2000 Q Street Lincoln, NE 68503
  • TOP AWARDS

    Best Places to Work Award

    Tabitha’s Courageous Vision Award

    Top 10 United Way/Community Health Charities Campaign Supporters

  • PROS
    • Assurity is a mutual company, meaning the company answers to the policyholders and not to investors or stockholders.
    • Ranks highly among the top 10 “No Medical Exam Life Insurance” companies
    • Wide array of products to choose from
  • CONS
    • The policies are relatively expensive
  • 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
SOURCEAssurityBanner
JD PowerN/AN/A
BBBA+A+
AM BestA-A+
Moody'sN/AN/A
FitchN/AAA-
Standard & PoorN/AAA-
Comdex ScoreN/A94
SOURCEAssurityBanner
Total Assets$2.6 Billion $7.3 Billion
Life Insurance in Force$17.2 Billion$658 Billion
AssurityBanner
Whole LifeAPPcelerate
Term LifeOPTerm Life Insurance
Universal Life
Accidental Death Benefit Insurance
AssurityBanner
Assurity Whole Life Insurance (Whole Life Insurance, Joint Whole Life Insurance, Single Premium Whole Life Insurance, Simplified Whole Life Insurance)APPcelerate
Assurity LifeScape NonMed Term 350OPTerm Life Insurance
Assurity LifeScape Whole Life Insurance
Assurity LifeScape Term 350 Plus
Assurity LifeScape Acci-Flex Accidental Death Benefit Insurance
Assurity Universal Life
AssurityBanner
Other Insured RiderDisability premium waiver
Waiver of Premium RiderConversion to permanent
Monthly Disability Income RiderFlexible payment schedule
Accident-Only Disability Income Rider Accelerated benefit rider
Critical Illness Rider Term laddering rider
Children’s Term Insurance RiderChild Protection Rider
Return of Premium Rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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