Banner and William Penn are one of the very best term life product providers in the US today. They have done a stellar job of focusing on term life insurance products but have recently introduced some pretty decent permanent Universal Life Plans.

Below you will find a pretty detailed information underwriting guide for Banner Term Life Insurance products and plans, this guide should help you in obtaining the best Banner Life quotes from your agent.

Banner Life 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 Smoker – The best available rate class
Preferred Non Tobacco – Second best rate class
Standard Plus Non Tobacco -
Standard Non Smoker-

Smoker Rate Classes:
Preferred Smoker – Best Smoker rate class
Standard Smoker-

Items that will determine if you qualify for any of the above rate classes with Banner Life Insurance:

  • Impairments: Any major health issues that would normally affect underwriting, i.e. Juvenile or Adult onset Diabetes, and any kind of Cancer.