New Rates for PacLife and Banner Term Life
April Showers bring new term rates to Banner’s OpTerm effective April 5, 2021 New Rates for Pacific Life’s PL Promise Term effective March 25, 2021 See how they compare.
Current ISSUES
Transamerica Getting out of Individual LTC
Transamerica recently announced the discontinuance of the sale of individual, standalone long-term care insurance products on March 31, 2021. Click the button below for the full announcement and details. Transamerica LTC Anncouncement
Banner Life Underwriting Improvements
Banner Life’s underwriting team is always looking for ways to responsibly improve risk evaluation. We are excited to announce the following changes: Marijuana use consideration for non-tobacco rate classes Previously, with any Marijuana use our best offer was Preferred Tobacco rates. We review the overall unique medical context of each applicant and can now consider: […]
Banner Life Financial Strength Reaffirmed
Legal & General America continues to back market-leading competitive position and solid operating performance with exceptional financial strength ratings from three of the world’s top ratings agencies. A.M. Best reaffirmed ‘A+ (Superior) Financial Strength Rating for Banner Life and William Penn Standard & Poor’s reaffirmed ‘AA-‘ (Very Strong) Financial Strength Rating for Banner Life and […]
IMPORTANT COVID-19 UPDATES
As COVID-19 case numbers improve across key markets, we are pleased to announce that many carriers are beginning to revise temporary underwriting guidelines to provide more opportunities for cases to be underwritten, approved, and issued. This page will continue to be updated as restrictions are lifted. View COVID Restrictions by Carrier (main carriers) All Underwriting […]
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