Life Insurance guide to Banner Term Life Plans
Banner Life Insurance is an example of the best life insurance companies for term life insurance in the United States. They have done a stellar job of focusing on term life insurance products but have not long ago introduced some very good permanent Universal Life Plans.
Below you may find a pretty detailed information underwriting guide for Banner Term Life Insurance products and plans, this guide should help you in getting the best Banner Life quotes from your agent.
Banner Life Insurance Rate Classifications:
Banner Life Company currently has six rate classifications they offer their policyowners after a file goes through complete underwriting
Non Smoker Rate Classes:
Preferred Plus Non Tobacco – This is their absolute best rate class
Preferred Non Tobacco – second choice rate class
Standard Non Tobacco-
Preferred Smoker – Best Smoker rate class
Standard Smoker-
* Impairments : Any major health concerns that would typically affect underwriting, i.e. Type I or Type II Diabetes, Caner of organs or any skin cancer.
* Blood Pressure : Must fall into a certain range 136/50 as an instance in the Preferred Best rate class, if medication is taken must be well controlled and under Dr. supervision.
* Family History : searching for history of Cancer or Heart disease in Parent’s or siblings
* Driving History : must know at least past five years driving history like DUI, DWI, Moving Violations, Reckless Driving or any License suspension or revocation.
* Cancer History: Any Diagnosis of Cancer must be divulged, provide broker with type, stage and grade. * Cholesterol: if you don’t know your current cholesterol, they will test for it at the paramedical exam.
* Cholesterol HDL ratio: this could also be determined by the paramedical examination results
* Avocation: Describe any avocational duties that can be deadly i.e. Artic Cod Fisherman.
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