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Banner vs New York Life Life Insurance

Banner and New York Life are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to Banner and New York Life. 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 Banner and New York Life.
  • 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
    1845
  • CURRENT CEO
    Theodore Alexander Mathas
  • AVAILABLE
    49 States
  • ADDRESS
    51 Madison Avenue New York, NY 10010 United States
  • TOP AWARDS

    Fortune Magazine’s List of World’s Most Admired Companies For 2017

    Forbes America’s Best Large Employers 2017

    BEQ Pride LGBTQ Business Equality Excellence Award

  • PROS
    • Great option for Seniors
    • Flexible Terms
    • High Death Benefits
  • CONS
    • Lackluster website
    • Poor customer resources
    • No Online Quoting

Compare Other Options

1st place trophy
1st

Health IQ is a unique life insurance brokerage that gets you special rates if you live an active lifestyle. If you exercise a few times per week, you can qualify for lower rates. Click below to get an accurate quote.

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 New York Life
JD Power N/A 4/5
BBB A+ A+
AM Best A+ A++
Moody's N/A Aaa
Fitch AA- AAA
Standard & Poor AA- AA+
Comdex Score 94 100
SOURCE Banner New York Life
Total Assets $7.3 Billion $303.182 billion
Life Insurance in Force $658 Billion $992.8 billion
Banner New York Life
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Banner New York Life
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Banner New York Life
Disability premium waiverAccidental Death Benefit Rider
Conversion to permanentChildren’s Insurance Rider
Flexible payment scheduleChronic Care Rider
Accelerated benefit riderDisability Waiver of Premium Rider
Term laddering riderLiving Benefits Rider
Child Protection RiderSpouse’s Paid-Up Insurance Purchase Option
Policy Purchase Option Rider
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.