Banner vs Primerica 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
    1977
  • CURRENT CEO
    Glenn J. Williams
  • AVAILABLE
    All 50 States
  • ADDRESS
    1 Primerica Parkway Duluth, GA 30099
  • TOP AWARDS

    2016 DALBAR Mutual Fund Service Award

    2015 Forbes list of America’s 50 Most Trustworthy Financial Companies

  • PROS
    • Strong financial stability.
    • Simple.
    • Quick claims.
  • CONS
    • Appears to operate under a multilevel marketing structure.
    • Strict underwriting.
    • No permanent policies.
SOURCEBannerPrimerica
JD PowerN/A2/5
BBBA+A+
AM BestA+A+
Moody'sN/AN/A
FitchAA-N/A
Standard & PoorAA-N/A
Comdex Score94N/A
SOURCEBannerPrimerica
Total Assets $7.3 Billion$12.46 billion
Life Insurance in Force$658 Billion $728 billion
BannerPrimerica
Term life insurance Primerica Term Life Insurance
Universal life insurance
BannerPrimerica
APPceleratePrimerica Term Life Insurance
OPTerm Life Insurance
BannerPrimerica
Disability premium waiverIncreasing benefit.
Conversion to permanentTerminal illness.
Flexible payment scheduleWaiver of premium rider.
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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