Banner vs SBLI 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
    1907
  • CURRENT CEO
    Michael Akker
  • AVAILABLE
    49 States
  • ADDRESS
    1 Linscott Road Woburn, MA 01801
  • TOP AWARDS

    Celent Model Insurer Award for 2017

  • PROS
    • Solid customer support
    • Competitive underwriting
    • Mutual life insurance company
  • CONS
    • Not available nationwide.
    • Credit card payments are not accepted after initial payment.
    • No online updates.
SOURCEBannerSBLI
JD PowerN/AN/A
BBBA+A+
AM BestA+A+
Moody'sN/AN/A
FitchAA-N/A
Standard & PoorAA-A-
Comdex Score9484
SOURCEBannerSBLI
Total Assets $7.3 Billion$3 billion
Life Insurance in Force$658 Billion$170 billion
BannerSBLI
Term life insurance SBLI Term Life Insurance
Universal life insuranceSBLI Whole Life Insurance (Continuous Payment Whole Life, Limited Payment Whole Life, Single Premium Payment Whole Life)
SmartTerm 360
BannerSBLI
APPcelerateSBLI Term Life Insurance
OPTerm Life InsuranceSBLI Whole Life Insurance (Continuous Payment Whole Life, Limited Payment Whole Life, Single Premium Payment Whole Life)
SmartTerm 360
BannerSBLI
Disability premium waiverAccelerated death benefit
Conversion to permanentChildren’s level term
Flexible payment scheduleWaiver of premium
Accelerated benefit riderAccidental death benefit
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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