Underwriting Guide to Banner Term Life

Banner life assurance is one 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 recently introduced some very decent permanent Universal Life Plans.

Below you will find a pretty detailed information underwriting guide for Banner Term life assurance 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 currently has six rate classifications they offer their policyowners after a file goes thru complete underwriting

Preferred Plus Non Tobacco - This is their absolute best rate class
Preferred Non Tobacco - Second best rate class
Standard Non Tobacco-

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

* Impairments : Any major health issues 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 for example in the Preferred Best rate class, if medication is taken must be well controlled and under Dr. * Family History : searching for history of Cancer or heart problems in Parent's or siblings
* Driving History : must know at least past 5 years driving history like DUI, DWI, Moving Violations, Reckless Driving or any License suspension or revocation.
* Cancer History: Any Diagnosis of Cancer must be revealed, provide broker with type, stage and grade. Treatment provided and if any recurrence.
* Cholesterol HDL ratio: this could also be determined by the paramedical examination results
* Substance or booze abuse : must know if any in the past ten years in order to to qualify for the best rates.
* Aviation : If you are a Commercial Pilot, Private Pilot or Student Pilot please fill out the aviation questionnaire
* Avocation : Describe any avocational requirements that can be deadly i.e. Artic Cod Fisherman.
Describe in detail to your Broker.
* Build: Your height and weight if an effect on can affect your premiums, please keep that noted when applying.

Describe any issues above with your agent or broker and it mostly helps to draft a cover letter with the assistance of your agent. The more the underwriters know about 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 could be for a variety of reasons, most likely you have health, avocation or lifestyle issues and they have made a business call to either rate you or doubtless delay decline your application outright.

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