Banner vs Mass Mutual 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
    1851
  • CURRENT CEO
    Roger W. Crandall
  • AVAILABLE
    48 States
  • ADDRESS
    Springfield, MA 01111-0001
  • TOP AWARDS

    93rd on the FORTUNE® 500 list in 2018

    FORTUNE® World’s Most Admired Company in 2018

    Top performing call center for ten consecutive years by ContactCenterWorld

  • PROS
    • Free online quotes
    • Low-cost coverage
    • Guaranteed acceptance products
  • CONS
    • Medical exam required
    • Convertible term policies not available in every state
    • No mobile app available.

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.

SOURCEBannerMass Mutual
JD PowerN/A3/5
BBBA+A
AM BestA+A++
Moody'sN/AAa2
FitchAA-AA+
Standard & PoorAA-AA+
Comdex Score9498
SOURCEBannerMass Mutual
Total Assets $7.3 Billion$400 billion+
Life Insurance in Force$658 Billion$560 billion (2016)
BannerMass Mutual
Term life insurance Participating Whole Life Insurance
Universal life insuranceUniversal Life Insurance
Variable Universal Life Insurance
Guaranteed Acceptance Life Insurance
Term Life Insurance Coverage
BannerMass Mutual
APPcelerateParticipating Whole Life Insurance
OPTerm Life InsuranceUniversal Life Insurance
Variable Universal Life Insurance
Guaranteed Acceptance Life Insurance
Term Life Insurance Coverage
BannerMass Mutual
Disability premium waiverGuaranteed Insurability
Conversion to permanentRenewable Term Coverage
Flexible payment scheduleProtection Against Illness and Disability Benefit Increases
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.