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Banner vs Protective Life Insurance

Banner and Protective are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to Banner and Protective. 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 Protective.
  • YEAR FOUNDED
    1907
  • CURRENT CEO
    John D. Johns
  • AVAILABLE
    All 50 States
  • ADDRESS
    111 Congresional Blvd., Suite 500 Carmel, IN 46032
  • TOP AWARDS

    2010 Optimas Award from Workforce Management Magazine

  • PROS
    • Financially sound.
    • Competitive, comprehensive rates.
    • Flexible health guidelines.
  • CONS
    • Approval can take awhile.
    • Low tolerance for smoking.
  • 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

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 Protective Banner
JD Power 774 N/A
BBB A+ A+
AM Best A+ A+
Moody's A1 N/A
Fitch A+ AA-
Standard & Poor AA- AA-
Comdex Score 92 94
SOURCE Protective Banner
Total Assets $75 Billion USD (2016) $7.3 Billion
Life Insurance in Force $767.3 Billion $658 Billion
Protective Banner
Term Life InsuranceAPPcelerate
Whole Life InsuranceOPTerm Life Insurance
Universal Life Insurance
Variable Universal Life Insurance
Indexed Universal Life Insurance
Survivorship Universal Life Insurance
Life Insurance for Children
Protective Banner
Protective Custom Choice UL APPcelerate
Protective Advantage Choice ULOPTerm Life Insurance
Protective Classic Choice Term
Protective One Year Term
ProClassic II
ProClassic Legacy
Protective Classic Choice Term
Investors Choice VUL
Strategic Objective VUL
Survivorship Term
Survior UL
Protective Whole Life
Protective Banner
Accidental death benefit riderDisability premium waiver
Accelerated death benefit riderConversion to permanent
Waiver of premium riderFlexible payment schedule
Disability income riderAccelerated benefit rider
Guaranteed insurability riderTerm laddering rider
Term insurance riderChild Protection Rider
Children’s term 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.