Guide to Banner Term Life Insurance

Banner life assurance is an example of the best life insurance companies for term life insurance in the United States. They have done a stellar job of targeting term life insurance products but have not long ago introduced some pretty good permanent Universal Life Plans.

Below you can 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 Insurance Rate Classifications:
Banner Life Company has 6 rate classifications they offer their policy owners after a file goes thru complete underwriting

Non Smoker Rate Classes:
Preferred Plus Non Tobacco - This is their comprehensive best rate class
Standard Plus Non Smoker-

Tobacco Rate Classes:

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

Type I or Type II Diabetes, Caner of organs or any skin cancer.
Supervision.
* Family History: Looking for history of Cancer or Heart Disease in Parent's or siblings
* Driving History : have to know at least past five years driving history such as DUI, DWI, Moving Violations, Reckless Driving or any License suspension or revocation.
* Tobacco Use : must know if any tobacco use in the last three years such as cigarette, gnawing, nicotine patch, pipe and cigar.
* Cholesterol : If you do not know your current cholesterol, they are going to test for it at the paramedical exam.
* Cholesterol HDL proportion : This will be determined by the paramedical exam results
* Substance or booze abuse : must know if any during the past ten years in order to qualify for the best rates.
* Aviation: If you may be a Commercial Pilot, Private Pilot or Student Pilot please fill out the aviation questionnaire
* Avocation : Describe any avocational duties that can be deadly i.e. Artic Cod Fisherman.
* Residence or Citizenship : Divulge if US citizen, if not do you have permanent Visa or Green Card. Describe in detail to your Broker.
* Build : Your height and weight if an issue can affect your premiums, please keep that proviso when applying.

The more situation and what you and situation and what you do to boost your health for example.

If you do not qualify for any of the rate classes above it might be for a variety of reasons, most likely you have health, avocation or lifestyle issues and they have made a business decision to either rate you or doubtless delay decline your claim outright.

Guidelines are just that rules, most carriers actually stick to them any more but your broker is there to lobby on your behalf.

Other great Term Life Insurance articles and resources:
Life Insurance guide to Banner Term Life Plans