Banner vs Geico 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
    1936
  • CURRENT CEO
    Bill Roberts
  • AVAILABLE
    All 50 States
  • ADDRESS
    Chevy Chase, MD
  • TOP AWARDS

    Employer Support of the Guard and Reserve (ESGR)

    Top Company for Women Technologists

  • PROS
    • Great financial stability
    • Wide range of products
  • CONS
    • Their life insurance is handled by Life Quotes, Inc.
    • Customers do not deal directly with Geico.
SOURCEBannerGeico
JD PowerN/AN/A
BBBA+B+
AM BestA+A++
Moody'sN/AN/A
FitchAA-AA-
Standard & PoorAA-AA+
Comdex Score9489
SOURCEBannerGeico
Total Assets $7.3 Billion$32 billion
Life Insurance in Force$658 BillionN/A
BannerGeico
Term life insurance
Universal life insurance
BannerGeico
APPcelerate
OPTerm Life Insurance
BannerGeico
Disability premium waiver
Conversion to permanent
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
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