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Banner vs Prudential Life Insurance

Banner and Prudential are two solid life insurance companies. Rest assured you can't make a bad choice if you have narrowed it down to Banner and Prudential. 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 Prudential.
  • 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

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 Prudential
JD Power N/A 3/5
BBB A+ A+
AM Best A+ A+
Moody's N/A A1
Fitch AA- AA-
Standard & Poor AA- AA-
Comdex Score 94 92
SOURCE Banner Prudential
Total Assets $7.3 Billion $831 billion
Life Insurance in Force $658 Billion Over $2 trillion
Banner Prudential
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
Banner Prudential
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
Banner Prudential
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
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.