Banner Life OPTerm:
Level premium term with guaranteed death benefit for: 10, 15, 20, 25, 30, 35 and 40 year plans.
Minimum Face Amount: $100,000
Issue Ages By Amount:
10 Year Term: 20-75 years old, all classes
15 Year Term: 20-75 years old, all classes
20 Year Term: 20-70 years old non-tobacco, 20-65 tobacco
25 Year Term: 20-60 years old non-tobacco, 20-55 tobacco
30 Year Term: 20-55 years old non-tobacco, 20-50 tobacco
35 Year Term: 20-50 years old, non-tobacco, 20-45 tobacco
40 Year Term: 20-45 years old, non-tobacco, 20-40 tobacco
Market leading guaranteed level premiums.High maximum issue ages.Renewable and convertible.Level death benefit to age 95 (premiums increase after level premium period expires).Standard Plus Non-Tobacco Class: Applied to most rated cases. $60 annual policy fee.A history of family cancer does not prevent applicants from consideration for our preferred underwriting classes.High death benefits – up to $3 million based on group size. Higher amounts considered. (restrictions may apply)Employee compensation requirement minimum $100,000 annual salary. Platform 1: Underwriting groups of 25 or more. Only one medical question for participants ages 20-70; simplified issue for ages 71-75.Platform 2: Underwriting groups of 10-24.Three medical questions for all ages. Underwriting will review MIB, MVR, prescription and medical history.Coverage is portable at termination of employment or retirement with no change in rate schedule. Rate schedules are guaranteed for the first three policy years.$50 annual policy fee. $30 administrative fee per participant is collected annually by Dye & Eskin.Designed for term conversions or for new sales with face amounts as low as $50,000.Coverage guarantee to maturity at age 121. On-time premium payment guarantees coverage to age 121. Standard Plus Non-Tobacco Class: Applied to most rated cases. A history of family cancer does not prevent applicants from consideration for our preferred underwriting classes.