More on Life Insurance
More on Life Insurance
Banner Life vs Protective life insurance
Learn the differences between the life insurance options offered by Banner Life and Protective.
Published August 8, 2018
Banner Life and Protective are both established life insurance companies that provide competitive rates and are good choices for most applicants. But which one is right for you? Besides looking at price, anyone trying to decide between Banner and Protective should consider the riders offered by each company, as well as the consumer ratings assigned by independent organizations.
Banner Life vs Protective term life insurance cost comparison
If you’re looking for the most affordable life insurance option, here are the average monthly premiums for Banner Life and Protective term life insurance policies.
| Banner Life | Protective | ||
|---|---|---|---|
| Male | Age 30 | $21.44 | $20.21 |
| Age 40 | $32.38 | $28.38 | |
| Age 50 | $94.07 | $75.68 | |
| Female | Age 30 | $18.19 | $17.63 |
| Age 40 | $26.60 | $25.94 | |
| Age 50 | $58.62 | $55.47 |
Average premium cost based on $500,000/20-year term life insurance policies for healthy, nonsmoking applicants in California.
Banner Life vs Protective health pricing
Life insurance companies base your premium price largely on your current health and health history. Some companies are more lenient and provide better pricing for some health conditions than others.
| Banner Life | Protective | |
|---|---|---|
| Cancer Survivor/Family History | Excellent | Good |
| Recent Weight Loss | Good | Good |
| Heart Attack | Good | Good |
| Diabetes | Good | Good |
| Sleep Apnea | Excellent | Good |
| Former Tobacco Use | Good | Fair |
| High Blood Pressure | Good | Good |
| High Cholesterol | Good | Good |
Learn more about the best life insurance companies for every scenario.
IN THIS ARTICLE
Banner Life and Protective are both established life insurance companies that provide competitive rates and are good choices for most applicants. But which one is right for you? Besides looking at price, anyone trying to decide between Banner and Protective should consider the riders offered by each company, as well as the consumer ratings assigned by independent organizations.
Need help deciding?
Let our experts help you make the right choice between Banner Life and Protective based on your family's financial needs.
Banner Life vs Protective life insurance rider availability
Riders let you customize your life insurance policy so it fits your specific needs. Compare the riders offered by Banner Life and Protective to choose the company that works best for you.
| Banner Life | Protective | |
|---|---|---|
| Child Protection Rider | X | X |
| Accelerated Death Benefit Rider | X | X |
| Accidental Death Benefit Rider | X | |
| Disability Waiver of Premium Rider | X | X |
Learn more about life insurance riders.
Banner Life vs Protective company ratings
Life insurance companies can be ranked in several different ways. A.M. Best provides ratings based on the financial strength of the company, while J.D. Power conducts surveys based on customer service, product quality, and buyer behavior, and the Better Business Bureau (BBB) provides grades based on consumer feedback.
How do Banner Life and Protective compare in financial and customer service ratings?
| Banner Life | Protective | |
|---|---|---|
| A.M. Best | A+ | A+ |
| J.D. Power | N/A | 3 out of 5 |
| BBB | A+ | A+ |
Compare life insurance companies
Find more head-to-head comparisons between top-rated life insurance companies to help you make the right decision.
| Banner Life vs... | Protective vs... |
|---|---|
| AIG | AIG |
| Pacific Life | Mutual of Omaha |
| Prudential | Pacific Life |
| Prudential |
Choosing the right life insurance company
So, is Banner Life the right life insurance company for you, or is it Protective? It depends on your individual situation, which is why it's important to look at policy cost, health considerations, riders, and customer service provided by each company before you buy.
Ready to start looking at policies from Banner Life, Protective, and other top life insurance companies? Use our coverage calculator for find plans and companies tailored to your needs.
About the author
Colin Lalley
Insurance Expert
Colin Lalley is the Associate Director of SEO Content at Policygenius in New York City. His writing on insurance and personal finance has appeared on Betterment, Inc, Credit Sesame, and the Council for Disability Awareness. Colin has a degree in English from the University of North Carolina at Chapel Hill.
Policygenius’ editorial content is not written by an insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for you.
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