Banner vs Prudential 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
    1875
  • CURRENT CEO
    John Strangfeld
  • AVAILABLE
    49 States
  • ADDRESS
    Prudential Plaza, Newark, New Jersey
  • TOP AWARDS

    The World's Most Admired Companies, FORTUNE, No. 1 in Insurance:Life and Health

    World’s Most Ethical Companies®, Ethisphere

    The JUST100, Forbes and JUST Capital

  • PROS
    • Possible rate reductions
    • Lenient underwriting guidelines
    • Actual age
  • CONS
    • No whole life insurance
    • Lengthy approval process
    • Strict underwriting for best rates
SOURCEBannerPrudential
JD PowerN/A3/5
BBBA+A+
AM BestA+A+
Moody'sN/AA1
FitchAA-AA-
Standard & PoorAA-AA-
Comdex Score9492
SOURCEBannerPrudential
Total Assets $7.3 Billion$831 billion
Life Insurance in Force$658 BillionOver $2 trillion
BannerPrudential
Term life insurance MyTerm and Term Essential
Universal life insuranceTerm Elite
PruTerm WorkLife 65
PruLife Return of Premium
PruTerm One
Universal Life Insurance
PruLife Universal Protector
PruLife Essential UL
PruLife SUL Protector
PruLife Universal Plus
PruLife Founders Plus UL
PruLife Index Advantage UL
PruLife Survivorship Index UL
VUL Protector
PruLife Custom Premier II
PruLife SVUL Protector
BannerPrudential
APPcelerateMyTerm and Term Essential
OPTerm Life InsuranceTerm Elite
PruTerm WorkLife 65
PruLife Return of Premium
PruTerm One
Universal Life Insurance
PruLife Universal Protector
PruLife Essential UL
PruLife SUL Protector
PruLife Universal Plus
PruLife Founders Plus UL
PruLife Index Advantage UL
PruLife Survivorship Index UL
VUL Protector
PruLife Custom Premier II
PruLife SVUL Protector
BannerPrudential
Disability premium waiverSerious illness rider
Conversion to permanentDisability rider
Flexible payment scheduleAdditional death benefits
Accelerated benefit riderCash value rider
Term laddering riderEstate planning 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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